Telefónica posted a stable Q2 2025 with organic revenue growth of 1.5% and EBITDA up 1.2%. Despite FX headwinds, the company reported positive free cash flow and reaffirmed its 2025 guidance. Net income from continuing operations fell due to restructuring and non-recurring items.
Revenue for Q2 2025 reached €8.95 billion, down 3.7% reported, but up 1.5% organically
EBITDA increased 1.2% organically to €2.92 billion
Free cash flow from continuing operations was €505 million in Q2
Net income from continuing operations was €155 million, with EPS of €0.02
Telefónica reaffirmed its full-year 2025 guidance, targeting organic growth in revenue and EBITDA, with a CapEx/Sales ratio below 12.5% and stable free cash flow generation.