HT Books Another Solid Quarter

Hrvatski Telekom has maintained its growth trajectory in the second quarter of 2025, as well as in the first half of the year. HT reported quarterly growth in revenues by 3% YoY, while in the first six months of the year, the growth was at 4.4%.

The operator stated that the growth was a result of positive business developments across mobile and fixed service revenues. Adjusted EBITDA AL grew by 3.0%, driven by top-line performance, offsetting persisting cost pressures. Net profit after non-controlling interests grew by 1.6% in 1H25, as growth in adjusted EBITDA AL was partially offset by depreciation and net financial result.

In the first six months of 2025, investments reached €116.9 million, up by 15.1% YoY. HT stated that this reflects its dedication to providing the platform for the country’s digitalization and building high-performing modern fiber and 5G infrastructure across Croatia.

During H1, HT continued to expand the largest FTTH network in Croatia, increasing its footprint by 20% in new households and businesses. This makes a step closer toward our goal of bringing gigabit fiber speeds to over 1.1 million households and businesses in Croatia.

Its mobile network has once again been recognized as the best one in Croatia. This has been confirmed by independent national research of mobile networks organized by the Croatian Regulatory Authority for Network Industries (HAKOM). For the third consecutive year, each year since the research began, HT has achieved the best performance across all evaluated categories.

In June, the General Assembly approved the separation of passive mobile infrastructure assets into a company fully owned by Hrvatski Telekom. This strategic move aligns with a broader European trend of tower asset separation, aimed at improving operational efficiency and unlocking additional value. The conclusion of the separation is foreseen for the third quarter of 2025.

"In the first six months of 2025, despite the still challenging environment, we delivered on our key objectives. With investments that exceeded €115 million in the first half of the year, we further strengthened our position as the leading network, expanding the FTTH network by an additional 20 percent,“ said Nataša Rapaić, CEO of Hrvatski Telekom.

"Going forward, our focus will be on further increasing operational efficiency, continuing the application of innovative technologies, and enabling advanced AI solutions that increase the productivity of businesses and contribute to social progress. By providing the best customer experience and with the engagement of our employees, we will continue to grow sustainably and make our contribution to accelerating the digital transformation and development of Croatia," concluded Rapaić.