MTS REPORTS 1Q 2025 FINANCIAL AND OPERATING RESULTS
- 1Q 2025 Consolidated Group Revenue increased by 8.8% year-over-year to RUB 175.5 bn.
- 1Q 2025 Group OIBDA rose 7.1% year-over-year to RUB 63.3 bn.
- 1Q 2025 Group Net debt/LTM OIBDA was 1.8
Moscow, May 21, 2025 — Mobile TeleSystems Public Joint Stock Company (MOEX: MTSS, “MTS” or “the Company”), a digital ecosystem, announces its first-quarter 2025 financial and operating results.
In 1Q 2025, consolidated Group revenue increased by 8.8% year-over-year to RUB 175.5 bn, driven by revenue growth in the core telecom business and emerging business lines. Group OIBDA rose 7.1% in the reporting period to RUB 63.3 bn. The stable upward trend in OIBDA was supported by revenues from connectivity services, the advertising segment and the media business, as well as the optimization of operating costs. Net Debt amounted to RUB 456.4 bn. The Group’s Net Debt to LTM OIBDA ratio declined by 0.1 from the end of 2024, reaching 1.8x.
Inessa Galaktionova — CEO and Chairman of the Board of MTS PJSC, commented:
In the face of a tight monetary policy, MTS continues to demonstrate substantial resilience that was built up earlier and is also supported by recently announced measures to reduce costs and improve operational efficiency.
In the first quarter, MTS’s revenue increased by nearly 9%, and OIBDA rose by over 7%, supported by revenues from the connectivity, media and advertising segments. Stable growth
in operating income, along with cost optimization measures and our strategic realignment, enabled us to manage liquidity effectively. All these factors will have a positive impact on our performance in future reporting periods, which we will certainly demonstrate. Controlling debt remains one of our priorities: as of the end of the first quarter, our net debt to OIBDA ratio had improved to 1.8x, down from the previous quarter.
In this regard, the Board of Directors’ recommendation to distribute dividends of RUB 35 per share for 2024 is a natural step. I am confident that MTS shareholders will support this proposal at the Annual General Meeting, which will be held in person, for the first time since 2019, on June 24. Trust is one of the core principles of our engagement with investors, many of whom are also our customers.
Rovshan Aliyev — President of Company group MTS Ecosystem, commented:
The key development for MTS in the first quarter was the transition to the final phase of transformation, which was announced last December. The Group’s new legal structure is nearly in place, and the senior management team has been approved for MTS Ecosystem and its verticals. At the heart of our transformation is an ambitious: to unlock the full potential of our ecosystem verticals, both within the Group and beyond, by leveraging our accumulated expertise.
It is now time to highlight the business units that are already fully operational. They are all making a significant contribution to Group revenues and to the ecosystem’s customer base of some 17 million. These include MTS Media, MTS AdTech, MTS Fintech and MTS Urent. Once we complete the asset transfer for the MWS IT vertical, which will take place in June, we will sum up the results of our transformation effort.
We continue to outperform the market in some ecosystem verticals, such as MTS AdTech and MTS Urent. In 1Q 2025, our advertising vertical grew revenue by 45% thanks to product development and partnerships with major industry players. Once our transformation is complete, we will determine development strategies for every MTS Ecosystem vertical. These issues are currently being discussed in great detail, taking into account a wide range of external factors.
We are confident that the value for our stakeholders of each MTS Ecosystem vertical will only grow in the future, and that together we will be able to achieve impressive results that will be recognized by our customers, investors and partners.
Results Press Release
Presentation
Summary Financials
Mobile TeleSystems Public Joint Stock Company
Tel: +7 495 223 2025
E-mail: ir@mts.ru