Digi Communications reports consolidated revenues of 532 million euros, up 19 percent in Q1

Digi Communications, one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, reports consolidated revenues in the first quarter of 2025 of EUR 532 million, a 19 percent increase versus Q1 2024. The adjusted EBITDA for Q1 amounted to EUR 171 million (+4.6 percent YoY) and adjusted EBITDA excluding the IFRS 16 impact was EUR 140.4 million (+0.4 percent YoY).

Serghei Bulgac, CEO of Digi Communications, stated: “We are very pleased with the continued growth across all our markets, both in the established geographies such as Romania and Spain, and in our newer operations in Portugal and Belgium. This first quarter brings the highest organic growth in terms of RGUs exceeding 1 million users for the entire Group. In Spain, we surpassed several important thresholds in the first quarter of 2025: 6 million mobile users, 2 million broadband subscribers and more than 9 million users in total. Meanwhile, our newest markets show encouraging early traction, and we remain committed to building long-term value there. Following the historic results achieved in 2024, the strong support from our investors reinforces our confidence in our strategy and execution. As we continue to expand and consolidate our footprint across Europe, we believe it is equally important to deliver returns to our shareholders. Therefore, in line with our commitment to increase the dividend year after year since our IPO, we are pleased to propose a gross dividend of RON 1.35 per share for the 2024 financial year.”

In Q1 2025, Digi continued to grow across its entire service portfolio, approaching 29 million in revenue-generating user agreements (RGUs) across Romania, Spain, Italy and Portugal. This marks a 17 percent increase compared to Q1 2024 on an absolute basis.

The mobile segment stands out for generating the most revenue-generating user agreements (RGUs) within the Group’s array of services, accounting for 47 percent of the overall RGUs across the four markets. Maintaining its momentum from past quarters, in Q1 2025, the mobile segment saw its RGUs climb to 13.5 million, a 18 percent increase, covering mobile telephony clients across Romania, Spain, Italy and Portugal.

In Romania, the mobile service segment reached 6.8 million RGUs, a positive evolution of 13 percent compared to Q1 2024. Broadband services registered an increase of 7 percent in Q1 2025, compared to Q1 2024, up to 5 million RGUs, while the segment of Pay-TV services (cable and satellite) increased by 3 percent YoY up to 5.9 million RGUs. Together with fixed-line telephony, the total number of RGUs in the Romanian market amounted to 18.5 million customers as of Q1 2025, a 7 percent increase versus Q1 2024.