Q4 2025 Telia Lietuva AB Earnings Call Transcript

Jan 29, 2026 / 08:30AM GMT

Release Date Price: €2.05 (+1.99%)

Transcript

Key Points

Positve

Telia Lietuva AB (FRA:ZWS) achieved a total shareholder return of 36% for 2025, indicating strong market performance.
The company delivered a strong free cash flow of 9.6 billion, significantly exceeding the initial outlook of around 8 billion.
Service revenue growth accelerated to 2.1% in Q4, driven by strong performance in Sweden and the Baltics.
The company successfully implemented a country-led operating model, improving efficiency, speed, and responsibility.
Telia Lietuva AB (FRA:ZWS) maintained a healthy balance sheet with leverage at 1.93x, down from the previous year.

Negative

Service revenue in Finland declined by 3% due to a weak enterprise market environment and a rampdown of non-core businesses.
The company announced a net reduction of 450 positions, indicating ongoing restructuring and cost-cutting measures.
Norway's service revenue remained flat, with challenges in mobile wholesale revenue impacting growth.
Increased competition in Finland led to a net loss of mobile customers, highlighting market challenges.
The company expects free cash flow to be back-end loaded in 2026, indicating potential cash flow management challenges.

Operator

Welcome everyone to Telia Company's Q44 year results presentation.

And with that I will now hand it over to Telia Company's head of investor relations, Eric Strandden Perz. Please go ahead, the floor is yours.

Erik Strandin Pers

Telia Lietuva AB - Head of Investor Relations

Thank you and good morning everyone to our Q4 call. We will do the usual routine with the management presentation followed by Q&A. We have CEO Patrick Hofbauer and CFO Eric Hageman in the room, and we go straight ahead. Patrick, the floor is yours.

Patrik Hofbauer

Telia Company AB - President, Chief Executive Officer

Thank you Eric and good morning to all of you. The last quarter of 2025 confirms that we are on track to reshape TLO into a much simpler, faster, and more efficient company in line with our valueation plan set out at the investor update back in September 2024.

Before I go into the quarter, let me walk you through some key highlights for the full year of 2025.

Looking at the financial performance, we

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