Deutsche Telekom reported financial results for 2025 that surpassed its own targets and set new records. The company’s net revenue rose by 4.2 percent on an organic basis to 119.1 billion euros, while service revenues increased by 3.8 percent in organic terms. Adjusted EBITDA AL grew by 4.7 percent to 44.2 billion euros, also on an organic basis.
Free cash flow AL increased by 2 percent to reach 19.5 billion euros for the year. The company stated that when applying the exchange rates used in its guidance, it exceeded its most recent targets from November 2025, with adjusted EBITDA AL reaching 45.5 billion euros and free cash flow AL totaling 20.2 billion euros.
Tim Höttges, CEO of Deutsche Telekom, commented: “We have extended our network leadership, are improving all areas of our business through the systematic integration of artificial intelligence, and remain on course for success,” adding, “We continue to deliver reliable and sustainable growth.”
Adjusted net profit rose by 3.7 percent to 9.7 billion euros in 2025, resulting in adjusted earnings per share of two euros; recurring earnings per share relevant for dividends stood at 1.97 euros per share. Deutsche Telekom plans a dividend distribution of one euro per share for the year.
Looking ahead to 2026, Deutsche Telekom forecasts further growth with an expected adjusted EBITDA AL of about 47.4 billion euros and free cash flow AL around 19.8 billion euros. Adjusted earnings per share are projected at approximately 2.20 euros based on constant exchange rates.
In Germany, the focus remained on expanding fiber-optic infrastructure (FTTH). By year-end, Deutsche Telekom had connected over two million households directly via FTTH lines after adding nearly 584,000 new customers during the year; overall broadband lines declined slightly as the market stagnated.
The German mobile segment saw a service revenue increase of 2.4 percent in the final quarter and maintained market leadership in this metric with over one million branded contract customer additions during the year.
T-Mobile US delivered strong performance with significant customer growth—adding a total of nearly eight million postpaid customers across all products during the year—and reported service revenue growth of almost eight percent to $71.3 billion USD along with higher adjusted EBITDA AL.
In Europe (excluding Germany), national companies posted their eighth consecutive year of quarterly earnings growth; adjusted EBITDA AL grew organically by more than five percent to reach €4.7 billion while service revenues increased as well.
The Systems Solutions division ended a strong year as order entry climbed by just over four percent annually and profitability was driven largely by cloud computing and digital services segments.
The company also provided detailed data on operating segments and customer numbers across regions for both quarterly and annual comparisons but noted that some figures were impacted by changes such as asset sales or reclassification policies regarding certain customer categories.
Management cautioned that forward-looking statements are subject to risks including currency fluctuations, regulatory changes, technological shifts or unexpected competition which could affect future results.
