HT Reports Revenue Growth and Flat Profits in 1Q25

In the first quarter of 2025, Hrvatski Telekom has maintained its growth trajectory, delivering a 5.9% YoY revenue growth. The rise in income came as a result of positive business developments across consumer and business segments.

Adjusted EBITDA AL grew by 3.0%, driven by steady top-line performance, offsetting persisting inflationary and salary pressures. Net profit after non-controlling interests remained stable in 1Q25, at €26.6 million, as growth in adjusted EBITDA AL was counterbalanced by depreciation, net financial result, and exceptional items. Investments reached €60.1 million, up by 52.8%.

The Management Board and Supervisory Board have proposed to the General Assembly a dividend of €1.64 per share. The amount represents a ratio of the dividend payment to the realized profit of the Company of 92.2% and growth of 7.2% compared to the previous year. In 1Q25, HT has, within the framework of the ongoing Share Buyback Program, purchased an additional 395,150 company shares on the Zagreb Stock Exchange. The total number of acquired company shares on 31 March 2025 amounted to 1,207,513, representing 1.55% of the Company’s issued share capital.

Although the environment remains challenging and increasingly volatile, the company said its primary objective is to continue with its growth trajectory. HT is keeping its Outlook from February aiming for a low single-digit growth in revenue, EBITDA AL, and CAPEX AL compared to 2024. The company's stance on regional expansion remains unchanged, as they continue to assess potential M&A opportunities.

“We maintained our growth momentum, remaining committed to our mission of connecting people and ideas, the economy, and society with the most advanced network infrastructure, despite the challenging market environment. With the market-leading investments, we further strengthened our network leadership by expanding our FTTH network, the largest in the country, by an additional 22%. We are particularly pleased that our customers once again recognized our commitment to providing an exceptional customer experience. In 2025, we are clearly focused on further investments in innovation, building strong and modern infrastructure, delivering an outstanding customer experience, and contributing to the sustainable economic and social development of Croatia,” said Nataša Rapaić, CEO of Hrvatski Telekom.