OTE reported an increase of 1% in revenues and an increase of 1.8% in the growth rate of Adjusted EBITDA (AL) in the first quarter of 2025.
Adjusted profit to owners of the parent reached 159.4 million euros, up 11.9%, compared to 142.5 million euros in the same period last year.
The group’s adjusted EBITDA (AL) amounted to 329.1 million euros, up 1%, mainly supported by the 1.8% growth in Greece, while the performance in mobile in Romania impacted the group’s growth rate.
More specifically, revenue from retail fixed services in Greece remained almost unchanged in the quarter and amounted to 228.6 million euros. A significant increase was recorded in TV customers (+6.8%), while a record increase of 36 thousand was recorded in FTTH subscribers. At the end of March 2025, total FTTH subscribers amounted to 430 thousand, representing 18.3% of total broadband connections. The penetration rate of OTE customers with access to the FTTH infrastructure has already exceeded 46%, confirming the demand for high-quality connectivity services. The positive momentum continues in mobile, with service revenue up +1.2% and postpaid subscribers up +6.1%. Other revenue increased by 5.9% in the quarter, mainly supported by strong momentum in ICT projects. In particular, system solutions revenue increased by 17.8% in the quarter.
Message from the Chairman & CEO, Kostas Nebis:
“I’m pleased to report a solid start to 2025, with first-quarter results reflecting positive momentum in line with our targets, the success of our unwavering focus on the country’s digitization and on our accelerating growth. Revenues and EBITDA both increased year-over-year, as our strategy is starting to unfold, driving positive performances across our mobile, broadband, TV, and ICT segments. Our mobile business continued to strengthen its market leadership, while fixed services delivered notable improvements through higher fiber customer adoption and improved offerings. Our continuing investments in FTTH and 5G infrastructure remain key to our network superiority, enabling ultra-fast, reliable connectivity and exceptional user experiences, further strengthening customer loyalty.
Recently, we launched our new brand identity, with COSMOTE joining forces with TELEKOM, the leading telecommunications brand globally. COSMOTE TELEKOM will further solidify our position as part of a worldwide telecommunications group with significant strength and economies of scale, while further differentiating us from competition. Looking ahead, we are focused on leveraging our technological strengths and the scale of the TELEKOM Group to drive innovation and sustainable value creation. With the rollout of our strategy, we are taking the next steps towards delivering long-term benefits for all our stakeholders.”
