3rd Quarter Results

(LSE:OTES) Hellenic Telecommunications Organization S.A. (OTE Group) reported its 2026 third quarter results, highlighting sustained profitability with adjusted EBITDA (AL) growth accelerating to 3.1% and full-year guidance of approximately 3% remaining on track. Reported revenues for Q3'26 were €882.7 million, up 1% year-on-year, while revenues for the first nine months of 2026 reached €2,597.9 million, a 2.0% increase over the same period in 2025. Adjusted EBITDA (AL) for Q3'26 was €371.4 million, up 3.1% from Q3'25, and €1,053.1 million for the first nine months, up 3.0% year-on-year. The EBITDA margin improved to 42.1% in Q3'26 from 41.2% in Q3'25. EBIT for Q3'26 was €236.9 million, a 6.0% increase year-on-year, and €629.1 million for the first nine months, up 4.3%. Profit to owners of the parent in Q3'26 was €178.8 million, down 39.7% year-on-year, and €462.0 million for the first nine months, down 20.0%. Earnings per share (EPS) for Q3'26 was €0.4566, a 38.4% decrease, and €1.1736 for the first nine months, down 18.1%. Adjusted profit to owners of the parent was €182.5 million in Q3'26, up 7.4%, and €488.9 million for the first nine months, up 4.1%. Capex in Q3'26 was €176.4 million, up 17.8% year-on-year, and €441.8 million for the first nine months, up 1.1%. Free cash flow (AL) for Q3'26 was €137.4 million, up 27.7%, and €347.4 million for the first nine months, down 7.2%. Cash and cash equivalents as of September 30, 2026, were €334.2 million, down 21.6% from the prior year. Net debt stood at €683.0 million, a 2.2% decrease year-on-year. OTE S.A. issued a €350 million bond due September 2029 with an annual yield of 3.853% on September 22, 2026, using proceeds to partially refinance a €500 million bond maturing September 24, 2026, with the remaining €150 million redeemed. FTTH homes passed with access lines reached 2,282,802, up from 1,961,947 in Q3'25, with net additions of 320,855. FTTH homes passed (new definition) totaled 2,991,735, up from 2,511,595, with net additions of 480,140. Retail fixed line subscribers were 2,556,655, down from 2,593,313. Retail broadband subscribers were 2,377,994, down from 2,388,087. FTTH subscribers reached 739,081, up from 508,843, with net additions of 230,238. FWA subscribers were 134,355, up from 62,098, with net additions of 72,257. TV subscribers reached 802,443, up from 758,034, with net additions of 44,409. In mobile, postpaid subscribers were 3,196,588, up from 2,973,535, with net additions of 223,053, while prepaid subscribers were 3,883,854, down from 4,156,944. The company maintained strong FTTH momentum with 52,000 net additions in Q3'26 and a customer base of 739,000. FTTH penetration within the total broadband base reached 31%, up from 21% a year earlier. FWA subscriber base increased to 134,000, with 15,000 net additions in the quarter. TV customer base surpassed 800,000, reaching 802,000, up 5.9% year-on-year. Mobile service revenues grew by 2.0% in Q3'26, supported by postpaid expansion and higher-value data services. Average monthly mobile data usage reached 24 GB per user, up 18% year-on-year. The share of 5G-enabled devices in the active customer base increased by 10 percentage points to 51%. 5G population coverage surpassed 99%, and 5G+ coverage reached 85%. Wholesale revenues declined by 24.1% in Q3'26, mainly due to the phase-out of certain zero-margin international transit activities. The company reiterated its 2026 guidance, targeting free cash flow (AL) of approximately €750 million (underlying €570-580 million), capex of approximately €600 million focused on FTTH expansion and 5G SA rollout, and adjusted EBITDA (AL) growth of approximately 3%. Following the disposal of TELEKOM ROMANIA MOBILE COMMUNICATIONS (TKRM), all 2025 figures are adjusted to reflect only continuing operations.

Bond Issue

(LSE:OTES) Hellenic Telecommunications Organization S.A. announced the issuance of a €350 million bond loan due September 2029. The yield on the new bond loan has been set at 3.853% per annum. The bond was fully subscribed by Deutsche Telekom AG. The proceeds from this new bond loan will be used by OTE Group to refinance part of the €500 million bond due on 24 September 2026, which was issued by OTE plc under the Global Medium Term Note Programme. The announcement was made on September 22, 2026. The bond issue is part of OTE Group's ongoing financial management strategy. The €350 million bond represents a significant refinancing action for the company. The €500 million bond being partially refinanced was previously issued under the company's Global Medium Term Note Programme. The new bond's full subscription by Deutsche Telekom AG indicates strong support from the company's major shareholder. The refinancing is intended to optimize OTE Group's debt maturity profile. The announcement was distributed via RNS, the news service of the London Stock Exchange. The information is provided in compliance with the Financial Conduct Authority's requirements for Primary Information Providers in the United Kingdom.

Q2 2026 OTE Results

(LSE:OTES) OTE GROUP reported Q2 2026 revenues of €855.8 million and Adjusted EBITDA (AL) of €343.3 million, up 3.0% year-on-year, with a margin of 40.1%. The company achieved record FTTH quarterly net additions of 62k, expanding the customer base to 687k and FTTH network coverage to 2.2 million homes passed, with utilization increasing to 41.7%. Mobile service revenues grew by 2.3%, with record post-paid net additions of 62k and year-on-year subscriber growth of 8%. Capex for Q2 2026 was €156.9 million, down 7.7% from Q2 2025, and Free Cash Flow (AL) stood at €149.6 million. The final dividend per share was €0.90214, up 21.7%, and S&P upgraded OTE's credit rating to A- from BBB+. The company projects FTTH homes passed to reach approximately 2.4 million by year-end 2026 and reiterates 2026 guidance of c.€750mn Free Cash Flow (AL), c.€600mn Capex, and c.3% Adjusted EBITDA (AL) growth.

Announcement Cancellation & Deletion of Own Shares

(LSE:OTES) Hellenic Telecommunications Organization S.A. announced the cancellation and deletion of 9,799,155 own shares, each with a nominal value of €2.83, following the decision of the Ordinary Shareholders' General Meeting held on June 9, 2026. These shares were acquired between May 2, 2025, and April 30, 2026, under the Company's approved share buyback programmes. As a result, OTE's share capital will be reduced by €27,731,608.65, from €1,142,904,349.41 to €1,115,172,740.76. The total number of registered shares will decrease from 403,853,127 to 394,053,972, each with a nominal value of €2.83. The related amendment to article 5 of the Company's Articles of Incorporation was approved by the Ministry of Development under decision No. 4132747ΑΠ/02-07-2026 and registered with the General Commercial Registry (G.E.MI.) on July 2, 2026. Euronext Athens was notified of the decrease of the share capital on July 14, 2026. The cancellation and delisting of the 9,799,155 own shares from Euronext Athens will take effect on July 17, 2026.

Announcement - Bond Issue

(LSE:OTES) Hellenic Telecommunications Organization S.A. announced that it issued today a €100 million bond loan due June 2027. The yield has been set at 2,951% per annum. The new bond loan was fully subscribed by Deutsche Telekom AG. The proceeds of the new bond loan will be used to cover general corporate needs of OTE Group. The announcement was made on June 25, 2026. The information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.

1st Quarter Results

OTE Group reported a solid start to 2026, with revenues increasing by 4.9% to €859.4mn and Adjusted EBITDA (AL) up 2.8% to €338.4mn in Q1'26. Mobile service revenues grew by 5.5%, and post-paid net additions rose by 7.6%, marking a record growth level. FTTH connections reached 625k, with record quarterly additions exceeding 58k, and FTTH rollout surpassed 2.1 million homes with a utilization rate of 39%. Capex for the quarter was €108.5mn, down 7.6% year-on-year, and Free Cash Flow (AL) stood at €60.4mn. The company reiterated its 2026 guidance, targeting Free Cash Flow of approximately €750mn and CAPEX of approximately €600mn.

HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.