Q3 2025 NOS SGPS SA Earnings Call Transcript
Key Points
- Nos Sgps SA (FRA:PMV) reported a 2.7% increase in EBITDA despite a slight decline in revenues, showcasing strong operational efficiency.
- The company achieved a 25% increase in net income, reflecting successful strategic transformation and cost management.
- Nos Sgps SA (FRA:PMV) was recognized by TIME and the Financial Times as one of the world's most sustainable companies, highlighting its commitment to sustainability.
- The company expanded its fiber-to-the-home network significantly, covering 5.9 million households, with FTTH representing 88% of households passed.
- Nos Sgps SA (FRA:PMV) received accolades from DECO PROteste for its mobile Internet, Wi-Fi, and TV services, underscoring its investment in superior network quality.
- Consolidated revenues declined by 1.2%, primarily due to a significant drop in the Audiovisuals and Cinema division.
- Recurring free cash flow decreased by 19%, impacted by extraordinary effects and increased taxes.
- The Audiovisuals and Cinema division saw a 21% decline, driven by a 28% reduction in cinema attendance.
- The B2C segment experienced a 1.2% decline due to increased competition, affecting operational activity.
- Free cash flow dropped by 56% to EUR51 million, largely due to reduced extraordinary effects and increased tax payments.
Hello, everyone. Good morning. Welcome to NOS's third quarter 2025 conference call. I'll hand you over to our CFO, Luis, who will deliver a short presentation, and then we'll open for Q&A as usual.
Well, good morning, and welcome to NOS's third quarter conference call. We will begin, as usual, with the main highlights of the third quarter. A strong operational performance with the RGU trends significantly improving versus previous quarters.
Consolidated revenue of EUR457 million, strongly impacted by A&C decline despite resilient performance from Telco, an efficient cost management that is driving EBITDA growth and sustainable operational cash flow generation and a solid balance sheet and financial position with leverage below reference level of 2 times.
So a quick overview of our main KPIs. This quarter, revenues declined 1.2% to EUR457 million, but EBITDA rose 2.7%. This
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