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
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
16/05/2025
Across Central and Eastern Europe, journalism is no longer the default source of information. It competes and often loses against a chaotic content stream drive...
16/05/2025
Journalists working in investigative reporting across the Western Balkans and T rkiye are encouraged to enter their published work for the 2025 edition of the E...
16/05/2025
As Beyonc s COWBOY CARTER Tour sparks excitement around the world, Spotify is helping the BeyHive get concert-ready with a limited-edition collection of playli...
16/05/2025
UKTV today announces the re-commission of Bookish (6x70') for specialist cri...
16/05/2025
Friday 16 May 2025
To view this content, please enable our use of cookies. To d...
16/05/2025
Live RT Radio 1 shows with Louise Duffy, Countrywide and Mooney Goes Wild
RT ...
15/05/2025
X-Rite Launches CiF3200 Imaging Benchtop Spectrophotometer for Precision Small-S...
15/05/2025
15 May 2025
VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues ...
15/05/2025
The sun-drenched chase thriller launches on Sky and NOW later this yearThursday ...
15/05/2025
Thursday 15 May 2025
To view this content, please enable our use of cookies. To...
15/05/2025
The Football Association of Ireland and RT have today announced a new two-year ...
15/05/2025
Facebook
Twitter
LinkedIn
Thales fully supports the success of Vipps, Norw...
15/05/2025
Facebook
Twitter
LinkedIn
Serbia and Montenegro Air Traffic Services SMATS...
15/05/2025
Facebook
Twitter
LinkedIn
Thales, a global leader in high-power lasers, will inaugurate GenF on Thursday 15 May 2025 in Le Barp (Bordeaux). GenF aims to t...
14/05/2025
Spotify and FC Barcelona's partnership saw its sixth jersey takeover this we...
14/05/2025
At Spotify, we believe that our incredible bandmates (that's what we call our team) are the driving force behind our success. Longtime Spotifier Anna Lundst...
14/05/2025
Dubai/CABSAT/ Bilbao, Spain, May 14th 2025 - Qvest, a global leader in media-focused practices and services, and AgileTV, a provider of comprehensive television...
14/05/2025
PURPOSE-DRIVEN START TO THE YEAR AT MAGYAR TELEKOM - MAGYAR TELEKOM RESULTS FOR ...
14/05/2025
Wednesday 14 May 2025
Image Credit @Sky UK. Photographer: Matt Squire.
High-Res image available to download HERE
THE FILM STARS KIEFER SUTHERLAND & REBEL WIL...
14/05/2025
Arvato Systems and Zucchetti Germany Enter Into Partnership for the Retail Secto...
14/05/2025
Starting later today, Apple Maps users and F1 fans can explore Monaco and the Grand Prix de Monaco like never before with a new Detailed City Experience and cus...
13/05/2025
Spotify aims to bring compelling audiobooks to as many consumers as possible, and we're eager to give fans even more options as they discover their next gre...
13/05/2025
People all over the world love DJ. At the gym, at home, whenever and wherever you want a deeper experience with great music, DJ is the answer. In fact, DJ liste...
13/05/2025
On Wednesday, May 7, 2025, a representative of the Ford Motor Company visited the SGL Carbon site in Ort im Innkreis, Austria, to present the prestigious Q1 Awa...
13/05/2025
Home chevron_right News & Events chevron_right News chevron_right Clear-Com to Highlight Powerful Intercom Capabilities at InfoComm 2025
Clear-Com to Hig...
13/05/2025
Solid Start to the Year Luxembourg, 30 April 2025 -- SES S.A. announces financial results for the three months ended 31 March 2025.
Revenue of 509 million (...
13/05/2025
London, 13th May 2025: Iconic fashion brand Ghost is launching a 30-piece curate...
13/05/2025
SAN JOSE, Calif. - May 13, 2025 - Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity sol...
13/05/2025
Home News & Press Press Release Blancco Acquires Key Deploy from Blair Tec...
13/05/2025
Arvato Systems Expands Industry Expertise in the Insurance & Financial Services...
13/05/2025
CUPERTINO, CALIFORNIA Apple today announced new accessibility features coming later this year, including Accessibility Nutrition Labels, which will provide more...
13/05/2025
Facebook
Twitter
LinkedIn
On the occasion of DEFEA, Greece's premier defence exhibition, Thales, a global leader in advanced technologies for the Defe...
13/05/2025
Facebook
Twitter
LinkedIn
After the success of the deployment in Brest in ...
13/05/2025
Facebook
Twitter
LinkedIn
Thales unveils its new multi-mission Primary Sur...
12/05/2025
As newsrooms around the world begin to experiment with artificial intelligence, many are asking the same question: how do we move beyond isolated pilots and emb...
12/05/2025
FOX Launches an AI-Driven Converged Media Platform Powering the Future of Advert...
12/05/2025
12 May 2025
VEON Joins GSMA Advance's People Excellence Partner Program as ...
12/05/2025
Fox Corporation Reports Third Quarter Fiscal 2025 Financial Results NEW YORK, NY, May 12, 2025 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company ) t...
12/05/2025
FOX Unveils Name of New Streaming Service FOX One Featuring all of FOX's Premium News, Sports and Entertainment Programming in One Dynamic Platform New ...
12/05/2025
FOX Orders Propulsive, Edge-Of-Your-Seat Thriller Memory of a Killer For 2025-20...
12/05/2025
FOX Announces Schedule for 2025-26 Season #1 NETWORK IN A18-49 DELIVERS SLATE FILLED WITH FUN, IRREVERENT CONTENT AND BOLD, SIGNATURE FOX CHARACTERS ALL-NEW ...
12/05/2025
What is success? How is it achieved? And what does it really cost? These are the...
09/05/2025
At the Frontline Club in London, a venue long associated with media freedom and ...
09/05/2025
As excitement builds for the annual Eurovision Song Contest, Spotify data offers...
09/05/2025
In our latest blog, Laura Rognoni dives into the shifting currents of change in the digital entertainment landscape, revealing the trends that will keep viewers...
09/05/2025
Friday 9 May 2025
Download images HERE
Episodes are available on Sky Media Vil...
09/05/2025
New beta programme for Avid Pro Tools users provides versioned backup/archive
M...
09/05/2025
Further to the comments from RT Director-General, Kevin Bakhurst on Wednesday 7th May included below in which he asked the EBU for a discussion on Israel&#...
PURPOSE-DRIVEN START TO THE YEAR AT MAGYAR TELEKOM - MAGYAR TELEKOM RESULTS FOR THE FIRST QUARTER OF 2025 
