HT in the first quarter of the year with almost EUR 30 million in net profit

Hrvatski Telekom (HT) ended this year’s first quarter with a net profit after minority shares of 29.9 million euros, which is 12.3 percent more than in the same period a year ago, the company reported on Wednesday. Profit growth, as they state, reflects improved operational performance and the absence of one-time cost items recorded in the first quarter of 2025. At the same time, adjusted EBITDA AL increased by 2.5 percent, to EUR 98.4 million.

The company’s total revenues in that period were EUR 271.9 million or 1.6 percent higher than in the third quarter of last year.

The largest investments on the market amounted to 62.6 million euros, which represents a growth of 4.1 percent on an annual basis, and confirms HT’s continuous commitment to the expansion of the most modern optical and mobile infrastructure throughout Croatia, while ensuring the continuous development of products and services and strengthening the foundations for sustainable growth, HT said.

“In the first quarter of 2026, HT achieved solid results, continuing the growth trend. The results in the segments of mobile and fixed services and ICT reflect our focus on continuous improvement and our commitment to providing the best network and useful experience on the market. With more than 62 million euros of investment, we are expanding optic and 5G network throughout Croatia, building a powerful digital platform that goes beyond connectivity itself and supports economic growth and social progress. This is reflected in the continuous double-digit growth of FTTH network coverage (16 percent) and further improvements in the performance of the 5G network, which are comparable to the best in Europe,” said Nataša Rapaić, president of the HT Management Board.

Regarding the outlook for the rest of the year, HT said that despite still in a volatile environment, they expect a continuation of the growth trend in 2026, with expected low single-digit revenue growth and adjusted EBITDA AL.

By Editor

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