Net income of Magyar Telekom rose 32% to HUF 208.4 billion in 2025, the telecommunications company said in an annual report released on the website of the Budapest Stock Exchange. Revenue edged up 2% to HUF 983.9 billion.
Direct costs were practically flat at HUF 377.5 billion and indirect costs fell 16% to HUF 188.6 billion, supported by the elimination from the start of the year of a supplementary telecommunications tax.
EBITDA rose 15% to HUF 417.8 billion and operating profit climbed 23% to HUF 274.5 billion. Capex after leases increased 19% to HUF 135.1 billion.
According to the Magyar Telekom statement, its board proposes payment of a HUF 136.4 billion dividend on 2025 earnings. Additionally, the board envisages a share buyback of up to HUF 50.0 billion. Both the dividend and the buyback imply a payout ratio of around 90% of consolidated adjusted net income.
In guidance for 2026, Magyar Telekom put revenue growth in the "low single" digits and adjusted net income growth in the "mid single" digits.
Tibor Rékasi, Magyar Telekom CEO, commented in the report by saying that “2025 marked an important year for Magyar Telekom. Consistent execution against our strategic priorities - digital transformation, a strong customer-centric approach and operational resilience – translated into robust financial performance. Continued investment in our fixed network, including the rollout of an additional 250,000 gigabit-capable access points, expanded our footprint to over 4.0 million gigabit-capable access points by year-end."
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