KPN Royal KPN NV

KPN delivers a strong quarter; full-year 2025 outlook raised

KPN delivers a strong quarter; full-year 2025 outlook raised

  • Continued Group service revenue growth (+3.7% y-on-y), driven by all segments 
  • Consumer service revenues increased 1.3% y-on-y
  • Solid commercial momentum in Consumer broadband (+13k) and postpaid (+37k)
  • Business service revenue growth continues at a high level (+5.7% y-on-y), driven by all divisions
  • Adj. EBITDA AL increased +6.4% y-on-y in Q2 2025, of which +1.4% IPR benefit and +1.0% Althio contribution
  • H1 Free Cash Flow at € 309m, progressing according to plan
  • Leading the Dutch fiber market, now covering two-thirds of the Netherlands
  • Full-year 2025 outlook raised to >€ 2,630m adj. EBITDA AL and >€ 940m FCF, reflecting both IPR benefits and solid underlying progress

Program



12:45 CEST: Registration of attendees

13:00 CEST: Webcast

The webcast and documents can be accessed via our website 

Formal disclosures:

Royal KPN N.V.

Head of IR: Matthijs van Leijenhorst

Inside information: Yes

Topic: Q2 2025 Results

23/07/2025; 7:30h

KPN-N

Attachment



EN
23/07/2025

Underlying

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Reports on Royal KPN NV

Jan Frederik Slijkerman
  • Jan Frederik Slijkerman
KPN ROYAL KPN NV

KPN on track for a strong FY25/Strong competition not denting its perf...

This morning, KPN presented good 2Q25 results, although the equity market seems to have been a bit disappointed by KPN's cash generation in 1H25. Nevertheless, we take it as a positive that KPN has raised its FY25 outlook and remain constructive on its notes. The KPN notes look somewhat attractive compared to some notes of Orange.

9h / 49m 9h / 49m 1 EN
Michiel Declercq
  • Michiel Declercq
KPN ROYAL KPN NV

KPN Good commercial momentum, raises outlook following one off IPR tai...

KPN reported a good set of 2Q25 results, with adj. service revenues up 3.7% to € 1339m (kbcse: € 1325m, css: € 1329m). The strong performance was largely driven by B2B, as well a strong commercial momentum in broadband and mobile net adds. While the 6.4% adj. EBITDAal increase to € 670m came in comfortably above our expectations (kbcse: € 658m), we want to highlight that the Adj. EBITDAal was positively impacted by a € 9m tailwind related to IPR claims. These claims are expected to have an addit...

14h 14h 1 EN
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
EDEN EDENRED SA
EQNR EQUINOR ASA
RNO RENAULT SA
KPN ROYAL KPN NV
TKA TELEKOM AUSTRIA AG
HO THALES SA
LONN LONZA GROUP AG
GLE SOCIETE GENERALE S.A. CLASS A
RAND RANDSTAD NV
ALO ALSTOM SA
ASM ASM INTERNATIONAL N.V.
GAS NATURGY ENERGY GROUP S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
UCG UNICREDIT S.P.A.
IBE IBERDROLA SA
BRD BRD-GROUPE SOCIETE GENERALE
TLV BANCA TRANSILVANIA S.A.
VACN VAT GROUP AG
SAP SAP SE
BG BAWAG GROUP AG
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
AM DASSAULT AVIATION
STMN STRAUMANN HOLDING AG
17h / 26m 17h / 26m 1 EN
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
EDEN EDENRED SA
EQNR EQUINOR ASA
RNO RENAULT SA
KPN ROYAL KPN NV
TKA TELEKOM AUSTRIA AG
HO THALES SA
LONN LONZA GROUP AG
GLE SOCIETE GENERALE S.A. CLASS A
RAND RANDSTAD NV
ALO ALSTOM SA
ASM ASM INTERNATIONAL N.V.
GAS NATURGY ENERGY GROUP S.A.
FCC FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A.
UCG UNICREDIT S.P.A.
IBE IBERDROLA SA
BRD BRD-GROUPE SOCIETE GENERALE
TLV BANCA TRANSILVANIA S.A.
VACN VAT GROUP AG
SAP SAP SE
BG BAWAG GROUP AG
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
AM DASSAULT AVIATION
STMN STRAUMANN HOLDING AG
17h / 35m 17h / 35m 1 FR
Konrad Zomer
  • Konrad Zomer
18h / 56m 18h / 56m 1 EN

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