Sony Pixel Power calrec Sony

PURPOSE-DRIVEN START TO THE YEAR AT MAGYAR TELEKOM - MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2025

14/05/2025

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.
LINK: https://www.telekom.hu/about_us/press_room/press_releases/2025/may_14...
See more stories from telekom

Europe Stories

06/10/2025

France Tlvisions Wins Prestigious 2025 EBU Technology & Innovation Award in Groundbreaking Collaboration with Dalet

France T l visions, France's leading broadcaster, has received the 2025 EBU ...

04/09/2025

Monumental Sports & Entertainment and Dalet Win Prestigious 2025 NAB Show Project of the Year Award

Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...

13/06/2025

Materialists' Director Celine Song Reveals the Inspirations Behind the Film's Soundtrack

Photo credit: Atsushi Nishijima If you're a true lover of rom-coms, chances...

13/06/2025

Soulyft Audio release Chime

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 of todays analysis methods

New FSWX signal and spectrum analyzer with novel architecture overcomes limits o...

13/06/2025

2025-05-28

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

2025-06-09

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

2025-06-10

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

Spotify's Heart & Soul Initiative Brings Mental Health Support to Artists and Creators Worldwide

In 2018, Spotify launched Heart & Soul, a mental health initiative developed to ...

12/06/2025

Sony expand access to 360 Virtual Mixing Environment

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

Arturia unveil Mix Drums

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

DPA introduce 4099 CORE+ instrument mic

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

SKnote launch Etna-C controller

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

Dan Biggar, Ronan OGara, Sam Warburton and Warren Gatland star in Sky Sports line-up for The British & Irish Lions Tour

Thursday 12 June 2025 Sky Sports has revealed its on-screen line-up for the Qat...

12/06/2025

Thales ranked No.1 most attractive employer among engineering students in France in 2025

Facebook Twitter LinkedIn Thales has secured the top spot in the 2025 rank...

12/06/2025

Thales invests 55 million euros to anchor next-generation resilient navigation in France

Facebook Twitter LinkedIn Thales strengthens its European leadership in re...

11/06/2025

Spotify Rolls Out Playlist Cover Art Tool in More Markets and New Languages-Plus, Summer Stickers Are Here

When a music fan creates a playlist on Spotify, it's not just for listening-...

11/06/2025

Spotify i Almedalen 2025: AI, kultur och framtidens kompetenser

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

ENHYPEN and Spotify Unleash DESIRE' With Immersive Pop-up Experiences in Seoul, Tokyo, and Jakarta

Spotify and ENHYPEN are inviting fans to step inside the world of DESIRE : UNLEA...

11/06/2025

Majetone release Dream Kit: Zenith

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

Universal Audio's Apollo E Series now shipping

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

Tonograf EQ from Atomic Analog

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

Casio Sessions returns for 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

Eva Langret joins the judging panel for Landscape Artist of the Year as production begins on its 11th series

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 TI Gateway Solution

Milestone: 2,600 Dental Practices in Westphalia-Lippe Connected to Future-Proof ...

11/06/2025

Behind the scenes of our IPSOS iris audit

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

Mercedes-Benz Ireland announced as the Car Partner of The Traitors Ireland

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

Software Rpublique unveils "vision 4rescue", an integrated technological ecosystem for the next-gen of Emergency Services

Facebook Twitter LinkedIn In response to the increasing frequency and inte...

11/06/2025

SC-BINARY 225: highly flexible AES/EBU & DMX cable

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

Spotify Ushers in a New Era of Moroccan Pop With 6 Artists Influencing the Scene

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

Spotify Delivers Growth for the Publishing Industry: Audiobooks Sales Continue to Grow

Since Audiobooks in Premium launched on Spotify in 2023, we've seen strong g...

10/06/2025

Arturia unveil the MiniFreak Vocoder Edition

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

UJAM announce Beatmaker 3

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

Evergreen Audio introduce free Mini Meter plug-in

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

Heritage Audio launch TAPEoPLEX plug-in

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

Official trailer now available for 7/7: Homegrown Terror, airing 29 June on Sky Documentaries and NOW

Tuesday 10 June 2025 To view this content, please enable our use of cookies. To...

10/06/2025

Sky Kids brings beloved book character to life with new Sky Original series My Friend Maisy

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 Curated Deals across PubMatic's platform

Comscore and Adelaide Expand Access to High-Quality, Attention-Optimized Curat...

10/06/2025

Family of Resident featured in RT Investigates Nursing Home Documentary Speak Publicly for the First Time

Family described their shock and distress at seeing footage of their father bein...

09/06/2025

Addison Rae Shines Bright at Spotify's Addison' Release Party in NYC

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

Roland introduce DrumLink Wireless System

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

DT 990 PRO X headphones from beyerdynamic

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

Roland introduces DrumLink Wireless System

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

JMG Sound release HyperspaceCore

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

AAS unveil Lounge Lizard EP-5

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

Synchron Solo Viola from Vienna Symphonic Library

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

GLOW With Pride: Amplifying LGBTQIA+ Voices on Spotify

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 Beach Is Back for the Annual Cannes Lions Festival

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...