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Mar 31
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Telefonica Q1 2025 Earnings Report
Telefónica delivered organic growth in Q1 2025 across core markets, supported by strong B2C and B2B performance and disciplined investment management.
Key Takeaways
In Q1 2025, Telefónica achieved 1.3% organic revenue growth and maintained solid EBITDA performance. Net income from continuing operations was €427 million, while losses from divested units led to a total net loss. The company maintained a healthy liquidity position and confirmed its dividend plan.
Organic revenue grew 1.3% YoY to €9.22 billion, driven by B2C and B2B segments.
Net income from continuing operations reached €427 million.
CapEx/Sales ratio decreased to 10.1%, reflecting disciplined investment.
Net financial debt declined to €27.05 billion.
Telefonica
Telefonica
Forward Guidance
Telefónica confirmed its 2025 targets for organic growth in revenue and EBITDA, with reduced CapEx intensity and sustained shareholder returns.
Positive Outlook
- Organic growth expected in revenue, EBITDA, and EBITDAaL - CapEx
- CapEx/Sales ratio guidance below 12.5%
- Dividend confirmed at €0.30 per share for 2025
- Leverage reduction remains a focus
- Strategic review conclusions to be presented in H2
Challenges Ahead
- Reported revenue and EBITDA impacted by FX headwinds
- Free cash flow negative due to seasonal patterns
- Losses from discontinued operations (Argentina, Peru)
- Uncertainty in regulatory approval of Colombia divestment
- Continued macroeconomic volatility in emerging markets