EQS-News: EuroTeleSites Fulfills 2025 Guidance: Revenue Grows and Rises to 280.2 mEUR; Deleveraging Down to 5.5x

EQS-News: EuroTeleSites AG / Key word(s): Annual Results
EuroTeleSites Fulfills 2025 Guidance: Revenue Grows and Rises to 280.2
mEUR; Deleveraging Down to 5.5x

10.02.2026 / 18:01 CET/CEST
The issuer is solely responsible for the content of this announcement.

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• +3.7% YoY revenue growth resulted in 280.2 mEUR revenue
+5.3% YoY revenue growth excluding the one-time effects in 2024
• Third-party revenue growth came in with +10.4%; without one-time
effect +17.7%
• EBITDA at 239.3 mEUR with EBITDA margin at 85.4%
• EBITDAaL at 161.3 mEUR with EBITDAaL margin at 57.6%
• 255 sites built lead to 183 net adds and 13.820 total sites
• Onboarding of 338 total tenants, thereof 155 third-party tenants
• CAPEX at 52.9 mEUR with a higher spending for rollout activities
• Implementation of HiBob as new HR platform

In 2025, Europe’s telecom and tower infrastructure sector benefited from
stable but still challenging macroeconomic conditions, improving
investment sentiment, and accelerating digitalization in CEE markets.
Telecom operators were supported by ongoing 5G and fiber rollouts and
renewed policy focuses on sustainable network investment. The tower sector
continued to expand as operators divested passive assets and independent
TowerCos scaled neutral-host portfolios, driven by 5G densification and
multi-tenant economics.

Market Highlights

“We delivered very strong organic revenue growth, supported by disciplined
and efficient execution of higher volume of new sites and anchor tenants,
as our Built-to-suit program continues to scale across multiple countries.
Double-digit revenue growth from third parties and the continued
improvement in tenancy ratio represent important milestones in our
progress”, says Ivo Ivanovski, CEO EuroTeleSites. A significant milestone
this year has been the successful launch of several systems, including
HiBob, Sitetracker and Farseer. These new solutions are more suitable for
the company´s needs, far more user‑friendly, and already contributing to
better efficiency and transparency across the organization.

EuroTeleSites has also taken an important strategic step by starting to
build towers for other mobile network operators, with three sites already
completed. This new stream of activity highlights its technical competence
and strengthens its position in the market.

Financials

EuroTeleSites delivered annual revenue of 280.2 mEUR, +3.7% YoY in 2025,
+5.3% YoY revenue growth excluding the one-time effects in 2024,
reflecting continued growth across all operating markets. Annual
inflation-linked indexation complemented by the expansion of the sites and
steady third-party tenancy demand were the drivers of top-line
development.

The tenancy ratio improved from 1.24x to 1.25x, highlighting efficient
utilization of the company’s high-quality infrastructure portfolio. This
increase in utilization was primarily driven by the onboarding of 155 new
third-party tenants on existing and new sites.

EBITDA margin remained at a structurally high level of 85.4%, underscoring
the company’s operational efficiency and resilient recurring-revenue
model.

The EBITDAaL margin ended the year at 57.6%, supported by disciplined cost
management. Landlord leasing costs remained the company’s largest expense
category, underscoring the importance of continuous operational efficiency
measures.

CAPEX for 2025 amounted to 52.9 mEUR, representing 18.9% of annual
revenue, and remained aligned with the strategic priorities of network
expansion, modernization and 5G-enablement. The CAPEX split was: 51.5% for
mandatory upgrades, 38.9% for new site rollouts and 9.6% for maintenance.

EuroTeleSites 2025 financial performance reflects the strong market
positioning, stable tenant relationships, and ability to consistently
deliver reliable infrastructure supporting the digital transformation of
Central and Eastern Europe. As announced, the net income generated in 2025
was used to further reduce financial debt.

“In 2025, we generated 280.2 mEUR revenue – an increase of +3.7% from last
year and a strong result that underlines the continued momentum of our
business. This performance enabled us to reduce debt by 33.9 mEUR, keeping
us firmly on track to achieve our mid-term leverage target of 5x. I am
very pleased that, despite the challenges, we can look back on a solid
financial performance. Fitch’s decision to upgrade our outlook underscores
the strength of our strategy and the confidence in our reliable work”,
says Lars Mosdorf, CFO of EuroTeleSites.

Outlook
Overall, the financial and operational achievements of this year give
confidence. EuroTeleSites is well‑positioned and looks to the future with
optimism. The management will continue to carefully allocate CAPEX
investments, ensuring that every Euro supports sustainable growth. AI
initiatives – most recently in the contract management and HR areas – are
another key enabler, providing smarter, more efficient and more productive
ways of working.

EuroTeleSites Outlook for Full-Year 2026
In 2026, EuroTeleSites will remain focused on the core activities: leasing
passive infrastructure, executing mandatory upgrades, expanding its tower
portfolio, and integrating additional third-party tenants to further
strengthen the tenancy ratio. Growth will continue to be supported by the
ongoing rollout of 5G across all markets and rising data consumption, with
lease contracts adjusted annually for inflation.

Management expects revenue growth of approximately 4-5% for the financial
year 2026. Positive cash flow will continue to be directed toward
deleveraging, supported by a more favorable interest rate environment.
EuroTeleSites continues to expand its infrastructure to further increase
5G coverage, particularly in Austria. The initiative includes a larger
than usual construction program for the following years, providing
additional towers for the anchor tenant and improving connectivity for end
customers. As a result, the CAPEX-to-revenue ratio is expected to be
around 25%. The increase also includes a partial shift of investments from
2025 to 2026. In total, the construction of more than 400 new sites is
planned.

Please find detailed information on the key data and segments at
[1] https://eurotelesites.com/investor-relations/ .

The conference call will take place tomorrow at 10 am Vienna time.
[2]Please click here to register.

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10.02.2026 CET/CEST This Corporate News was distributed by [3]EQS Group

View original content: [4]EQS News

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Language: English
Company: EuroTeleSites AG
Lassallestraße 9
1020 Wien
Austria
E-mail: info@eurotelesites.com
Internet: eurotelesites.com
ISIN: AT000000ETS9
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2274428

 
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