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Deutsche Telekom at a glance

Deutsche Telekom at a glance

millions of €

 

 

 

 

 

 

 

 

 

 

Q1-Q3
2026

Q1-Q3
2025

Change
%

Q3
2026

Q3
2025

Change
%

FY
2025

Revenue and earnings

 

 

 

 

 

 

 

 

Net revenue

 

90,906

87,361

4.1

31,102

28,935

7.5

119,081

Of which: Germany

%

22.0

22.1

 

21.8

22.4

 

22.0

Of which: international

%

78.0

77.9

 

78.2

77.6

 

78.0

Service revenuea

 

76,490

73,608

3.9

26,045

24,541

6.1

98,854

EBITDA

 

38,462

37,129

3.6

13,366

11,945

11.9

48,831

EBITDA (adjusted for special factors)

 

40,224

38,097

5.6

13,791

12,675

8.8

50,540

EBITDA AL

 

33,462

32,384

3.3

11,751

10,369

13.3

42,452

EBITDA AL (adjusted for special factors)

 

35,552

33,411

6.4

12,210

11,115

9.9

44,244

EBITDA AL margin (adjusted for special factors)

%

39.1

38.2

 

39.3

38.4

 

37.2

Profit (loss) from operations (EBIT)

 

20,088

19,435

3.4

7,383

6,027

22.5

24,822

Net profit (loss)

 

7,255

7,886

(8.0)

2,762

2,427

13.8

9,609

Net profit (loss) (adjusted for special factors)

 

8,393

7,617

10.2

3,008

2,670

12.7

9,747

Earnings per share (basic and diluted)

€

1.51

1.62

(6.7)

0.58

0.50

15.5

1.97

Adjusted earnings per share (basic and diluted)

€

1.74

1.56

11.7

0.63

0.55

14.3

2.00

Statement of financial position

 

 

 

 

 

 

 

 

Total assets

 

293,468

287,205

2.2

 

 

 

289,769

Shareholders’ equity

 

90,863

91,642

(0.9)

 

 

 

92,231

Equity ratio

%

31.0

31.9

 

 

 

 

31.8

Net debtb

 

134,208

132,779

1.1

 

 

 

132,518

Cash flows

 

 

 

 

 

 

 

 

Net cash from operating activities

 

32,027

31,666

1.1

10,910

10,728

1.7

40,627

Cash capex

 

(12,644)

(14,586)

13.3

(4,283)

(5,381)

20.4

(19,256)

Cash capex (before spectrum investment)c

 

(11,820)

(12,213)

3.2

(4,008)

(4,000)

(0.2)

(16,864)

Free cash flow
(before dividend payments and spectrum investment)c,d

 

20,386

19,648

3.8

6,947

6,793

2.3

24,061

Free cash flow AL
(before dividend payments and spectrum investment)c,d

 

16,417

16,149

1.7

5,703

5,622

1.4

19,546

Net cash (used in) from investing activities

 

(10,196)

(19,173)

46.8

(1,956)

(10,349)

81.1

(23,793)

Net cash (used in) from financing activities

 

(21,634)

(14,027)

(54.2)

(6,154)

(5,123)

(20.1)

(16,293)

a

As of January 1, 2026, the definition of service revenue was changed. Prior-year comparatives were adjusted retrospectively.

b

Including, where it exists, net debt reported under assets and liabilities directly associated with non-current assets and disposal groups held for sale.

c

Excluding cash outflows for investments made by T‑Mobile US to acquire customer bases.

d

Excluding proceeds from the disposal of spectrum due to the sale of spectrum licenses by T‑Mobile US.

Fixed-network and mobile customers

millions

 

 

 

 

 

 

 

 

Sept. 30, 
2026

June 30, 
2026

Change
Sept. 30, 2026/
June 30, 2026
%

Dec. 31, 
2025

Change
Sept. 30, 2026/
Dec. 31, 2025
%

Sept. 30, 
2025

Change
Sept. 30, 2026/
Sept. 30, 2025
%

Fixed-network and mobile customersa

 

 

 

 

 

 

 

Germany and Europe

 

 

 

 

 

 

 

Mobile customers

126.2

123.7

2.0

121.7

3.7

123.6

2.1

Fixed-network linesb

25.6

25.7

(0.2)

25.5

0.4

25.6

0.1

Broadband customersc

22.9

22.8

0.4

22.5

1.9

22.4

2.2

United States

 

 

 

 

 

 

 

Postpaid accountsa

35.0

34.7

0.8

34.2

2.1

34.0

2.9

a

In the first quarter of 2026, the United States operating segment began reporting the total number of postpaid accounts instead of the total number of postpaid and prepaid customers.

b

As of April 1, 2026, the reporting of wholesale fixed-network lines was standardized in the Europe operating segment. Prior-year comparatives were adjusted retrospectively.

c

Excluding wholesale.

The figures shown in this report were rounded in accordance with standard business rounding principles. However, changes were calculated on the basis of non-rounded values. As a result, the total indicated may not be equal to the precise sum of the individual figures.

For information on the development of business in our operating segments, please refer to the section “Development of business in the operating segments” in the interim Group management report and in the IR backup on our Investor Relations website.

For information on our performance indicators and alternative performance measures, please refer to the section “Management of the Group” in the 2025 combined management report (2025 Annual Report).

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