Q1 2025 Bezeq Israeli Telecommunication Corp Ltd Earnings Call Transcript

May 20, 2025 / 12:00 PM GMT

Release Date Price: $6.58

Transcript

Key Points

Positve

Core revenues grew by 2.4% due to growth in fixed line and telephone services.
Adjusted net income increased by 6.7%, driven by a decrease in asset impairment.
Significant growth in strategic areas with a 36% increase in fiber take-up and 18% growth in 5G subscriber plans.
Successful completion of the copper network switch-off reform, which is expected to boost profitability.
Continued fiber deployment with over 2.7 million homes passed and a 33% take-up rate.

Negative

Free cash flow was down this quarter due to tax assessments and a tax refund received in the corresponding quarter.
Salary expenses increased due to salary hikes and decreased reimbursements from national insurance.
Adjusted net profit in the telephone segment was down 8.3% due to higher depreciation and financial expenses.
The company missed consensus expectations, particularly in the YES segment.
Operating expenses increased due to provisions for conditional grants to employees.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BEZQ.TA - Bezeq Israeli Telecommunication Corp Ltd
Q1 2025 Bezeq Israeli Telecommunication Corp Ltd Earnings Call
May 20, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome everyone, and thank you for joining us on BASA's 2025 1st quarter earning call.

I'm Yochai Benita, CEO of the Basic Group. Joining us from the senior management team today, we have Mr. Tommo Ave, BASEC's Chairman.

Mr. Nirav, Bee's fixed line CEO, and Mr. Ian Segal, CEO of Peron, and yes.

Before we start the call, I would like to direct your attention to the Safe Harbor statement on slide 2 of our presentation, which also applies to any statement made during today's call. We would like to inform you that this event is being recorded.

Following the presentation of our results, we will have a Q&A session. With that said, let me now turn the call

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