PURPOSE-DRIVEN START TO THE YEAR AT MAGYAR TELEKOM - MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2025
Budapest, May 14, 2025 08:02
Magyar Telekom began 2025 in line with its stated objectives and according to schedule. The Group's revenue increased by 7.8% year-on-year, reaching 241.6 billion HUF in the first quarter, primarily driven by the growing demand from customers for data and connectivity. To continue meeting this increasing demand at the highest level, the company continued to work consistently on the previously initiated development of its network and systems during the quarter. In the first three months of the year, it expanded its gigabit-capable network with an additional 58 thousand new access points and started the monetization phase of its renewed CRM system. These steps c ontribute to the countrys digitalization and further enhance Telekom's flexibility and resilience. In the financial report for the first quarter released today, the company reiterated its previously set strategic direction and full-year guidance for 2025.
Magyar Telekom today reported its consolidated financial results for the first quarter of 2025, in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU. The quarterly financial report contains unaudited figures.
Highlights:
Total revenue increased by 7.8% year-on-year to HUF 241.6 billion in Q1 2025 , which was attributable to the continued strong demand for mobile data and fixed broadband services, higher SI/IT revenue and the positive impact of the inflation-based fee adjustment implemented in March 2024, in Hungary.
Mobile revenue rose by 7.4% year-on-year to HUF 140.6 billion in Q1 2025 , driven by the continued growth in mobile data usage as well as the favorable impacts of the inflation-based fee adjustment.
Fixed line revenue increased by 7.6% year-on-year, to HUF 78.1 billion in Q1 2025, reflecting the increases in fixed broadband driven by the customer base expansions as well as the favorable impact of the inflation-based fee adjustment in the first two months.
System Integration and IT revenue rose by 10.9% year-on-year, amounting to HUF 23.0 billion in Q1 2025 , thanks to higher revenue from major projects at the Hungarian operation.
Direct costs increased by 3.2% year-on-year to HUF 91.6 billion in Q1 2025, reflecting the higher SI/IT related costs and the increase in other expenses.
Interconnect costs increased by 8.0% YoY to HUF 4.7 billion in Q1 2025, reflecting primarily higher outpayments to mobile operators in both countries of operation.
SI/IT service-related costs were up by 12.7% YoY, amounting to HUF 17.0 billion in Q1 2025, in line with the year-on-year higher project volumes.
Impairment losses and gains on financial assets and contract assets (bad debt expenses) declined by 10.1% YoY to HUF 3.1 billion in Q1 2025, thanks to more favorable aging of the receivables compared to the base period.
Telecom tax declined by 3.4% year-on-year, amounting to HUF 6.1 billion in Q1 2025, reflecting primarily the lower mobile voice traffic generated by business customers, in line with the decline in this subscriber base.
Other direct costs were up by 1.9% year-on-year at HUF 60.8 billion in Q1 2025, primarily driven by higher TV content fees and some moderate increase in non-voice service-related expenses as well as roaming outpayments.
Gross profit improved by 10.7% year-on-year to HUF 150.0 billion in Q1 2025, thanks to improvement in service revenue.
Indirect costs were lower by 12.0% or HUF 6.1 billion year-on-year, at HUF 44.8 billion in Q1 2025, as the positive impact from the phase-out of the supplementary telecommunication tax more than offset the increase in employee-related expenses.
Employee-related expenses increased by 14.7% year-on-year, amounting to HUF 25.0 billion in Q1 2025, as a result of the wage increases in effect from May 1, 2024 and March 1, 2025 at the Hungarian operation.
Supplementary telecommunication tax was eliminated effective from January 1, 2025, resulting in a HUF 8.9 billion improvement year-on-year.
Other operating expenses (excluding supplementary telecommunication tax) decreased moderately year-on-year, amounting to HUF 20.9 billion in Q1 2025, as the reduction in energy expenses coupled with the positive impacts stemming from efficiency measures could compensate for the inflationary price pressure impacting several cost lines.
Other operating income amounted to HUF 1.1 billion in Q1 2025.
EBITDA increased by 24.4% year-on-year to HUF 105.2 billion in Q1 2025, driven by the improvement in gross profit coupled with lower indirect costs; EBITDA AL was up by 26.7% year-on-year to HUF 97.5 billion in Q1 2025.
Depreciation and amortization ( D&A') expenses remained on the same level year-on-year, amounting to HUF 35.3 billion in Q1 2025.
Profit for the period rose by 59.0% year-on-year to HUF 55.7 billion in Q1 2025, driven primarily by the growth in EBITDA.
Net financial result improved from a loss of HUF 7.8 billion in Q1 2024 to a loss of HUF 5.2 billion in Q1 2025. Year-on-year lower net interest expense was primarily attributable to a reduction in the overall debt levels, lower average interest rates as well as higher interest received related to the liquidity balances. The favorable change in other finance expense year-on-year primarily reflects the more favorable FX change-related results driven by the moderate strengthening of the forint during Q1 2025 vs. weakening during Q1 2024.
Income tax expenses were up by 39.3% year-on-year at HUF 9.1 billion in Q1 2025, driven by the year-on-year higher profit levels.
Profit attributable to non-controlling interests increased by 12.4% year-on-year to HUF 1.5 billion in Q1 2025, reflecting YoY higher profit generation at the North Macedonian subsidiary.
Europe Stories
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
13/06/2025
Photo credit: Atsushi Nishijima
If you're a true lover of rom-coms, chances...
13/06/2025
New iPad/iPhone synth App announced
Following on from last year's release of Gradient Synth - which reached #6 on the App Store's Paid Music charts ...
13/06/2025
New FSWX signal and spectrum analyzer with novel architecture overcomes limits o...
13/06/2025
Apple today announced the addition of iPad to Self Service Repair, providing iPad owners with access to repair manuals, genuine Apple parts, Apple Diagnostics t...
13/06/2025
CUPERTINO, CALIFORNIA Apple today previewed iOS 26, a major update that brings a beautiful new design, intelligent experiences, and improvements to the apps use...
13/06/2025
At Apple's Worldwide Developers Conference (WWDC), Apple unveiled Apple Games, an all-new destination designed to help players jump back into the games they...
12/06/2025
In 2018, Spotify launched Heart & Soul, a mental health initiative developed to ...
12/06/2025
Technology now widely available to creators
Sony have announced that they are expanding access to their 360 Virtual Mixing Environment technology, which is ...
12/06/2025
Combines distortion, transient shaping & more
The latest plug-in to join Arturia's line-up has been designed to provide a quick and intuitive way to cra...
12/06/2025
Improved specs & redesigned mount
DPA have just announced the upcoming launch of the 4099 CORE , a new and improved version of their renowned instrument mic...
12/06/2025
New eight-fader control surface announced
SKnote have just announced the launch of the Etna-C, a new DAW control surface and MIDI controller that's been...
12/06/2025
Thursday 12 June 2025
Sky Sports has revealed its on-screen line-up for the Qat...
12/06/2025
Facebook
Twitter
LinkedIn
Thales has secured the top spot in the 2025 rank...
12/06/2025
Facebook
Twitter
LinkedIn
Thales strengthens its European leadership in re...
11/06/2025
When a music fan creates a playlist on Spotify, it's not just for listening-...
11/06/2025
Hur s krar vi Europas konkurrenskraft i en tid av snabb teknikutveckling? Och hur rustar vi samh llet f r framtidens kompetensbehov inom AI, tech och kultur? Un...
11/06/2025
Spotify and ENHYPEN are inviting fans to step inside the world of DESIRE : UNLEA...
11/06/2025
Innovative virtual instrument reimagines the drum kit
Majetone have recently announced the launch of a new virtual instrument that offers a new take on drum...
11/06/2025
Latest Dante-equipped Apollo units available worldwide
Universal Audio have announced that the latest two Dante-equipped additions to their Apollo line-up a...
11/06/2025
500-series EQ inspired by the TAB W95
Iceland-based audio experts Atomic Analog have announced that the Tonograf, a 500-series module that draws inspiration...
11/06/2025
Singer-songwriter competition open for entries
Casio Music UK have announced that their Casio Sessions competition has returned for 2025, and is now open to...
11/06/2025
Wednesday 11 June 2025
Production begins on the 11th series of flagship Sky Art...
11/06/2025
Milestone: 2,600 Dental Practices in Westphalia-Lippe Connected to Future-Proof ...
11/06/2025
Ipsos iris is the UKOM endorsed service measuring the online behaviour of audiences.
Our independent verification provided Ipsos iris with documented assurance...
11/06/2025
RT Commercial has today announced Mercedes-Benz Ireland as the car partner of The Traitors Ireland, coming to RT One and RT Player in the Autumn.
Mercedes-B...
11/06/2025
Facebook
Twitter
LinkedIn
In response to the increasing frequency and inte...
11/06/2025
SC-BINARY 225: highly flexible AES/EBU & DMX cable posted: 11/06/2025
SC-BINARY 225: highly flexible AES/EBU & DMX cable with 2 x 0.25 mm and soft HTPE j...
10/06/2025
A new generation of artists is redefining Morocco's pop music scene, blending their deep-rooted heritage with contemporary influences to create sounds that ...
10/06/2025
Since Audiobooks in Premium launched on Spotify in 2023, we've seen strong g...
10/06/2025
New version features built-in 16-band vocoder
Arturia have announced the launch of the MiniFreak Vocoder Edition, a new special-edition version of their pop...
10/06/2025
Launched alongside Beatmaker CHROMED instrument
With the launch of Beatmaker 3, virtual instrument experts UJAM have combined all of their Beatmaker titles ...
10/06/2025
Sample Peak, RMS, K-12, K-14 and K-20 metering
Evergreen Audio have announced the release of Mini Meter, a new free, lightweight metering plug-in designed t...
10/06/2025
Recreates the legendary Echoplex
The latest addition to Heritage Audio's growing collection of plug-ins has just arrived, delivering an authentic-soundi...
10/06/2025
Tuesday 10 June 2025
To view this content, please enable our use of cookies. To...
10/06/2025
Tuesday 10 June 2025
Sky Kids has commissioned My Friend Maisy, a brand-new 2D ...
10/06/2025
Comscore and Adelaide Expand Access to High-Quality, Attention-Optimized Curat...
10/06/2025
Facebook
Twitter
LinkedIn
NATO Communications and Information Agency (NCIA...
10/06/2025
Family described their shock and distress at seeing footage of their father bein...
09/06/2025
It was Thursday night in New York City and The Box was buzzing with excitement. The edgy nightclub, known for its lavish theatrics, provided the perfect backdro...
09/06/2025
Heralds new era for Electronic Drummers
Roland, in collaboration with Drum Workshop (DW), has unveiled the DrumLink wireless system, which they are calling ...
09/06/2025
Latest STELLAR.45 driver-equipped model announced
Following on from the recent release of the DT 770 PRO X, beyerdynamic have announced the launch of the DT...
09/06/2025
Heralds new era for Electronic Drummers
Roland, in collaboration with Drum Workshop (DW), has unveiled the DrumLink wireless system, what they are calling a...
09/06/2025
A free plug-in for generating explorative reverbs
JMG Sound have introduced HyperspaceCore, a free reverb plug-in based on the algorithms from their Hypersp...
08/06/2025
Tine and reed keyboard physical modelling engine redesigned
Applied Acoustics Systems have released Lounge Lizard EP 5, the latest version of their electric...
07/06/2025
Third entry in Synchron Solo Strings series
Vienna Symphonic Library have released Synchron Solo Viola, a new solo string virtual instrument captured at the...
06/06/2025
Spotify is dedicated to lifting up the voices and contributions of all artists, creators, and authors. This Pride Month and beyond, we're also taking a mome...
06/06/2025
Spotify is heading back to France for the annual Cannes Lions International Festival of Creativity, and this year we'll showcase how Spotify is more alive t...
PURPOSE-DRIVEN START TO THE YEAR AT MAGYAR TELEKOM - MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2025 
