Feb 26 (Reuters) - Greece's biggest telecoms operator OTE posted on Thursday a 2.3% rise in adjusted core earnings in the fourth quarter, supported by accelerating mobile growth and record demand for
Greece’s OTE Q4 earnings rise 2.3% on mobile gains and FTTH demand
Drivers of OTE’s Q4 Performance
Feb 26 (Reuters) - Greece's biggest telecoms operator OTE posted on Thursday a 2.3% rise in adjusted core earnings in the fourth quarter, supported by accelerating mobile growth and record demand for fibre-to-the-home connections.
Adjusted EBITDA and Revenue Mix
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 351.1 million euros ($414.68 million), compared with 343.1 million the previous year.
Mobile Growth and Subscriber Adds
Mobile service revenues accelerated, rising 5.2% in the quarter, with a record 60,000 post-paid additions. FTTH connections surged to 567,000, with 58,000 new additions, as OTE continued its fibre rollout, now reaching 2.1 million homes.
2026 Outlook and Guidance
The group said it expects to accelerate its EBITDA growth to around 3% in 2026, supported by continued investment in fibre expansion, the rollout of 5G Stand-Alone services, and strong demand for digital transformation projects.
Dividend and Buyback Breakdown
Shareholder Returns Plan
OTE also proposed a total shareholder payout of 532 million euros for 2026, including a dividend of 0.8777 euros per share and a 177 million euro share buyback programme, reflecting 100% of its 2025 free cash flow.
Forex Reference Rate
($1 = 0.8467 euros)
(Reporting by Antonis Pothitos; Editing by Louise Heavens)
