KPN Shows Steady Growth and Prepares for Future Challenges
KPN Demonstrates Solid Commercial Performance
KPN is on track to achieve its financial outlook with an impressive performance in the third quarter of 2025. The company reported a year-on-year growth of 1.7% in group service revenues, largely propelled by all operational segments. This growth underscores KPN's robust market position and strategic initiatives aimed at expanding its services.
Consumer and Business Revenue Growth
Consumer service revenues have seen a positive trajectory, marking a 1.1% increase year-on-year. This growth has been supported significantly by strong gains in broadband and postpaid services, with the addition of 11,000 broadband subscribers and 47,000 postpaid customers. On the other hand, business service revenues grew by 1.4% year-on-year, benefiting particularly from small and medium-sized enterprises (SME) and large corporate entities (LCE).
Wholesale Service Revenue Gains
KPN's wholesale service revenue is also on an upward trend, boasting a notable growth of 5.2% year-on-year. This increase has primarily been driven by the company's sponsored roaming initiatives, allowing it to tap into new revenue streams while providing value to its partners.
Strong EBITDA and Free Cash Flow Performance
The adjusted EBITDA AL recorded in Q3 2025 rose by 4.4% year-on-year, reflecting sound financial management and operational efficiencies. The EBITDA growth is attributed to several factors, including a 2.6% benefit from intercompany pricing, a 1.1% uplift from Althio, and a slight decrease of 1.7% related to holiday provisions. Additionally, KPN has generated a year-to-date free cash flow (FCF) of €606 million, marking a significant improvement of 12% compared to the previous year.
Expansion in Fiber Market
KPN continues to lead the fiber market in the Netherlands, expanding its fiber footprint by adding 74,000 homes passed (HP) and 82,000 customers (HC), including the Glaspoort initiative. This expansion is crucial as KPN transitions to a more data-driven economy and seeks to meet the growing demand for high-speed internet services.
Looking Ahead
As KPN positions itself for future success, the company remains committed to maintaining its current momentum. A strategic update is scheduled for early November, where stakeholders can anticipate insights into the company's roadmap and how it plans to navigate upcoming market challenges. This update will provide an essential perspective on KPN's approach to sustaining growth and ensuring customer satisfaction in an evolving digital landscape.
Webcast Information
The company has planned a webcast to discuss these developments further. The registration for attendees is set to open at 12:45 CET, with the webcast commencing at 13:00 CET. Details for accessing the webcast can be found on KPN's official investor relations website.
Frequently Asked Questions
What was KPN's overall revenue growth in Q3 2025?
KPN reported a year-on-year service revenue growth of 1.7% in Q3 2025.
How did consumer service revenues perform?
Consumer service revenues grew by 1.1%, supported by strong gains in broadband and postpaid services.
What factors contributed to the growth of KPN's EBITDA in Q3 2025?
The adjusted EBITDA increased by 4.4%, with contributions from intercompany pricing benefits and operational efficiencies.
How is KPN expanding its fiber network?
KPN has added 74,000 new homes passed and 82,000 fiber customers, aiding its leadership in the Dutch market.
When will KPN hold its strategic update?
The strategic update is scheduled for November, where key insights on future directions will be provided.
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