Telenor ASA Q2 2025 Earnings | 07/18/2025

About this video

Telenor ASA delivered strong Q2 2025 results on July 18, 2025, exceeding earnings expectations and reinforcing its leadership in the Nordic telecom sector. The group reported a 2.9% year-over-year increase in service revenues, reaching NOK 16.5 billion, while total revenue rose 1.9% to NOK 20.3 billion. Adjusted EBITDA advanced 8.3% to NOK 9.32 billion, with notable strength from Telenor Nordics, where organic EBITDA growth reached 12.5%. The company also posted net income attributable to shareholders of NOK 3,725 million, translating to earnings per share of NOK 2.72, a sharp increase from NOK 1.83 a year ago. The quarter was highlighted by operational efficiencies, disciplined cost management, and continued expansion of high-margin services, especially in Norway and Finland. Telenor Norway achieved a 3.7% increase in service revenues and a 16.1% rise in adjusted EBITDA, benefitting from new network agreements and higher demand for secure connectivity solutions. In Finland, extensive investments have been committed to upgrade DNA’s fiber infrastructure, aiming to reach full fiber coverage for key housing sectors by 2028. Strategic moves included the NOK 6 billion acquisition of GlobalConnect’s consumer fiber business in Norway, adding 140,000 customers and boosting market share. These investments complement Telenor’s NOK 1.4 billion fiber upgrade plan in Finland, strengthening its position as the digital infrastructure leader in the region. In Asia, performance was mixed: Telenor Pakistan delivered robust service revenue growth of 15%, while Grameenphone (Bangladesh) managed stable operations despite macroeconomic headwinds. 2025 Financial Outlook: Revised guidance to high-single-digit organic EBITDA growth in the Nordics for 2025, up from a previous mid-single-digit outlook. Group-level organic EBITDA is now expected to reach mid-single-digit growth. Low single-digit organic growth in Nordic service revenues projected for the rest of the year. Free cash flow before M&A is anticipated at around NOK 13 billion for the full year. CEO Benedicte Schilbred Fasmer emphasized Telenor’s commitment to value creation through network quality, advanced digital services, and sustained infrastructure investments. The company remains focused on integrating acquisitions, extracting synergy value, and driving new opportunities in fiber, 5G, and IoT connectivity. About Inside Ticker: For expert analysis and timely updates on Telenor ASA and other global telecom leaders, follow Inside Ticker and visit InsideTicker.com for comprehensive earnings reports, market insight, and the latest industry news. Hashtags: #Telenor #Q22025 #Earnings #FinancialResults #Nordics #Fiber #DigitalInfrastructure #NetIncome #EBITDA #GlobalConnect #Norway #Finland #Asia #Pakistan #Grameenphone #Acquisitions #Broadband #5G #IoT #GrowthStrategy #InsideTicker #Dividend #Telecom #NetworkExpansion #Profitability #OperationalExcellence #DigitalTransformation #ShareholderReturns #Q2Results #InvestorUpdate