Core Insights - Telia Lietuva achieved a significant milestone in 2025, with total annual revenue surpassing half a billion euros for the first time in its history, reflecting a 3.3% increase compared to the previous year [2][10] - The company reported a net profit of EUR 90.4 million for 2025, marking a 26.2% increase from EUR 71.6 million in 2024 [2][10] - The company has focused on enhancing operational efficiency and customer satisfaction, leveraging AI technologies in its ongoing transformation journey [3] Financial Performance - In Q4 2025, revenue increased by 7.1% to EUR 140.3 million compared to EUR 131 million in Q4 2024 [10] - Adjusted EBITDA rose by 16.6% to EUR 48.7 million from EUR 41.8 million in the same quarter last year [10] - For the full year, adjusted EBITDA increased by 11.2% to EUR 196.7 million, up from EUR 177 million in 2024 [10] - Capital investments for the year were EUR 63.8 million, a 1.5% increase from EUR 62.8 million in 2024 [10] Technological Advancements - Telia Lietuva launched a private standalone 5G SA network in Klaipėda Sea Port, becoming the first operator in Lithuania to do so, enhancing service speed and stability [5] - The company introduced VIP home Internet services based on the 5G SA core, aimed at providing users with reserved data capacity and improved connectivity [6] Customer Experience and Recognition - Telia Lietuva's mobile network was rated the best in Lithuania by independent research firm Rohde & Schwarz, confirming its superior performance compared to competitors [8] - The company achieved the highest ratings in customer service categories according to a mystery shopper survey conducted by Dive Lietuva [9] - For the third consecutive year, Telia Lietuva was recognized as the best Baltic Stock Exchange company in the Baltic Corporate Excellence Award rankings [12] Sustainability Initiatives - The company received the ISO 50001 energy management system certification, demonstrating its commitment to energy efficiency and structured energy management processes [11]

Core Viewpoint - Telia Lietuva is reorganizing its Digital & Technology unit to enhance efficiency and expand digital solutions, resulting in a workforce reduction of 59 positions [1][2][3] Group 1: Workforce Changes - The workforce reduction is not linked to individual performance but is a strategic decision based on the unit's structural changes [2] - The company currently employs approximately 2,500 people in Lithuania, and the changes are part of a broader restructuring across the Telia Company Group [1][3] Group 2: New Opportunities - Despite the workforce reduction, around 10 new positions are expected to be created in Telia Global Services Lithuania (TGSL) and 6 positions in Telia Lietuva to strengthen critical competencies for future growth [3] Group 3: Employee Support - Comprehensive consultations were conducted with trade unions regarding the changes, covering support and compensation for affected employees [4] Group 4: Management Changes - Effective February 1, 2026, there will be leadership changes within the company's units, with Elina Dapkevičienė becoming Head of Sales and Customer Service, and Lina Bandzinė taking over as Head of the Consumer unit [5] Group 5: Organizational Simplification - In November 2025, Telia Lietuva merged its Technology and Digital Transformation units with Legal and Personnel units to simplify its organizational structure and improve operational efficiency [6]

Core Insights - Telia Lietuva has reported significant financial growth for the nine months ending September 30, 2025, with service revenue increasing by 4.2%, adjusted EBITDA growing by 9.5%, and net profit rising by 25.5% compared to the same period in 2024 [2][8]. Financial Performance - Revenue for the third quarter of 2025 increased by 3% to EUR 125.3 million, up from EUR 121.6 million in 2024 [8] - Adjusted EBITDA for the third quarter rose by 9.6% to EUR 51 million, compared to EUR 46.5 million in 2024 [8] - Net profit for the third quarter grew by 31% to EUR 22.9 million, up from EUR 17.5 million in 2024 [8] - For the nine months of 2025, total revenue reached EUR 367 million, a 1.9% increase from EUR 360.1 million in 2024 [8] - Adjusted EBITDA for the nine months was EUR 148 million, up 9.5% from EUR 135.2 million in 2024 [8] - Free cash flow for the nine months increased by 8.3% to EUR 91.1 million, compared to EUR 84.2 million in 2024 [8] Service and Product Developments - The main driver of revenue growth was mobility services, with 30,000 new mobile communication subscribers added in the third quarter, including 27,000 post-paid and 3,000 pre-paid users [3] - A new cybersecurity app, "Telia Safe," was introduced, combining 20 security features to protect users from various online threats [5] - Telia launched a major upgrade of its fiber-optic backbone network, increasing data transfer speeds by six times to 600 Gbps, with an investment of approximately EUR 1 million [6][7] - A new service allowing users to send text messages during calls was introduced, enhancing communication options for users [8][9] - Telia is the first in Lithuania to offer VoWiFi calling for customers traveling in the Baltic and Nordic countries, allowing calls without roaming charges [10] Organizational Changes - The company is streamlining its organization by merging Technology and Digital Transformation with Legal and Human Resource units, resulting in a reduction of two top management positions [11]

Core Insights - Telia Lietuva is restructuring its management by merging the Technology and Digital Transformation units with the Legal and Personnel units, effective November 1, 2025, to streamline operations and enhance decision-making efficiency [1][3] Management Changes - Andrius Šemeškevičius, the current Head of Technology, will remain with Telia Lietuva until early 2026 to ensure business continuity before pursuing opportunities outside the company [2] - Ramūnas Bagdonas will transition to become the Head of People and Culture for the Technology unit at Telia Company Group while continuing to lead the personnel team at Telia Global Services Lithuania from November 1, 2025 [2] Operational Efficiency - The restructuring aims to reduce the number of management layers from ten to eight, promoting closer cooperation among teams and emphasizing that efficiency must start at the top [3] - Giedrė Kaminskaitė-Salters, CEO of Telia Lietuva, highlighted that the changes are not a reflection of individual performance but a necessary simplification of the organizational structure [3] Contributions of Key Personnel - Andrius Šemeškevičius played a crucial role in launching 5G in Lithuania and enhancing the company's ICT services, which are now among the strongest in the market [4] - Ramūnas Bagdonas has been instrumental in fostering an open and diverse organizational culture, contributing to Telia's reputation as an attractive employer in Lithuania [4] Leadership Transition - The new Technology and Digital Transformation Unit will be temporarily led by Vygintas Domarkas until an internal leadership selection process is completed [5] - Daiva Kasperavičienė will lead the combined Legal and People and Culture teams following the restructuring [5]

Core Viewpoint - Telia Lietuva has demonstrated strong financial performance in the first half of 2025, with significant growth in revenue, adjusted EBITDA, and net profit, while continuing to innovate and expand its service offerings [2][7]. Financial Performance - Revenue from services increased by 4.2% year-over-year in the first half of 2025 [2]. - Adjusted EBITDA grew by 9.4% to EUR 97 million compared to EUR 88.7 million in the same period of 2024 [7]. - Net profit surged by 22.9% to EUR 44.7 million, up from EUR 36.4 million in the previous year [7]. - Free cash flow rose by 10.7% to EUR 57 million, compared to EUR 51.4 million in the first half of 2024 [7]. Service Categories - Revenue growth was observed across all service categories except for fixed voice telephony, which is declining due to a reduction in fixed telephony lines [3]. - Mobile service revenue increased due to higher usage of mobile data and revenue per user, despite a decrease in pre-paid mobile service customers by 61 thousand [4]. Strategic Initiatives - The company launched a next-generation IoT connectivity management platform in April 2025, enhancing customer control over IoT management [5]. - Telia Play's revenue increased due to the addition of Netflix and other high-quality content, despite a slight decline in the number of subscribers [6]. - A new range of smart healthcare gadgets was introduced, aiming to transform customer health insights [9]. Technological Advancements - Telia Lietuva is the first in Lithuania to test a 5G standalone network in Klaipėda Seaport, aiming to set a new standard for critical infrastructure [10]. Social Responsibility and Recognition - The company reaffirmed its support for Ukraine by donating refurbished computers and network equipment [11]. - Telia Lietuva was recognized as the Top Employer in the IT and telecommunications sector in Lithuania for the second consecutive year [12].

On 28 April 2025, the Annual General Meeting of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) shareholders for a new 2-years’ term re-elected five member of the previous Board – Stefan Backman, Claes Nycander, Hannu-Matti Mäkinen, Leda Iržikevičienė and Mindaugas Glodas, and newly elected Annelie Lakner. At the first meeting of the commenced term the Board re-elected Stefan Backman as Chair of the Board and appointed members of the Audit and Remuneration Committees. Stefan Backman, a mem ...

On 28 April 2025, the Annual General Meeting of Shareholders of Telia Lietuva, AB (code 121215434, registered address: Saltoniškių str. 7A, Vilnius, Lithuania) decided to allocate the Company’s profit for the year 2024 and to pay out EUR 0.11 dividend per share. Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 13 May 2025 are shareholders of Telia Lietuva, AB. The Ex-Date o ...

Core Points - The Annual General Meeting of Telia Lietuva, AB approved the Company's Annual Report, which includes a Sustainability statement aligned with the EU Corporate Sustainability Reporting Directive (CSRD) [1] - The audited Financial Statements for the year ended 31 December 2024 were also approved during the meeting [1] Attachments - The Annual Report for the year 2024 and the Independent Auditors' Report are included as attachments [2]

Core Points - The Annual General Meeting of Telia Lietuva, AB was held on 28 April 2025, where key decisions regarding the company's financials and governance were made [1] Financial Summary - The audited annual financial statements for the year 2024 were approved, with a distributable profit of EUR 190,157 thousand, from which EUR 64,087 thousand will be allocated for dividends, resulting in a dividend of EUR 0.11 per share [2] - The remaining profit of EUR 126,070 thousand will be carried forward as retained earnings [2] - The company plans to pay dividends on 27 May 2025, following the legal requirement to pay within one month of the decision [4] Governance and Remuneration - The Remuneration Report for the year 2024 was approved, along with a new remuneration policy for the CEO and Board members [5][6] - KPMG Baltics, UAB was elected as the audit enterprise for 2024 and 2025, with a remuneration cap of EUR 500,000 for audit services [7] - The Board of Directors was re-elected for a new two-year term, with members nominated by Telia Company AB [8][9][10][11][12][13][14][15] Authorizations - The CEO was authorized to implement all adopted decisions and sign related documents [16]