MTS Reports Q2 2025 Financial and Operating results

2Q 2025 Consolidated Group Revenue increased by 14.4% year-over-year to RUB 195.4 bn.
2Q 2025 Group OIBDA rose 11.3% year-over-year to RUB 72.7 bn.
2Q 2025 Group Net debt/LTM OIBDA was 1.7
 

Moscow, August 19, 2025 — Mobile TeleSystems Public Joint Stock Company (MOEX: MTSS, “MTS” or “the Company”), a digital ecosystem, announces its second-quarter 2025 financial and operating results.

In 2Q 2025, consolidated Group revenue increased by 14.4% year-over-year to RUB 195.4 bn, driven by revenue growth in the core telecom business and emerging business lines. Group OIBDA rose 11.3% in the reporting period to RUB 72.7 bn. The robust OIBDA growth was driven by the optimization of operating costs and supported by revenues from connectivity services, the advertising segment and the media business . The Group’s Net Profit in 2Q 2025 totaled RUB 2.8 bn (-61.1% y/y) due to an increase in interest expense. MTS’s Net Debt amounted to RUB 430.4 bn and the Group’s Net Debt to LTM ratio declined by 0.1 from the end of 2Q 2024, reaching 1.7x.

Inessa Galaktionova — CEO and Chairman of the Board of MTS PJSC, commented:

«We continue to demonstrate the soundness of our chosen business model, which is aimed at transforming the Group's business and improving financial discipline. In a context of cost reductions and business growth, OIBDA MTS showcased healthy growth rates in the second quarter at 11.3% year-over-year. MTS's quarterly revenue broke a historical record and surpassed 195 billion rubles. The company continues to aim for double-digit revenue growth for the full year 2025.
Tightening cost controls and effective management of our debt enabled us to reduce our debt position for the second consecutive quarter, with our ratio of net debt to OIBDA standing at 1.7x at the end of the second quarter. Our improved financial performance in the second quarter reflects management’s consistent and coordinated efforts to enhance operational efficiency and focus investments on projects offering high returns.
In telecom, we continue to respond proactively to the latest trends, bringing new products, services and digital solutions to market. Despite intensifying technological competition, we have bolstered our leading position in the Russian telecommunications sector.
The combination of high-quality connectivity and innovative digital services in the B2C segment is creating a fundamentally new customer experience that is helping us strengthen customer relationships and expand our subscriber base, which is approaching 83 million. We are also placing a special emphasis on new B2B initiatives that position us as a partner for businesses’ digital transformation, and our considerable investments in R&D have laid the foundation for the Company’s digital leadership for decades to come.
We are confident about the rest of the year and expect to see continued improvement in our key financial and operating indicators as our strategic realignment continues».
 

Rovshan Aliyev — President of Company group MTS Ecosystem, commented:

«I am pleased to announce that MTS has completed the strategic realignment of its corporate structure. Today we are now announcing for the first time preliminary financial results for MTS Ecosystem, the company that consolidates our non-telecom businesses.
MTS Ecosystem’s revenue increased by 26% in the second quarter, driven by growth across the AdTech, FinTech and FunTech verticals. Ecosystem businesses accounted for over 40% of the Group’s total revenue. This is a significant contribution, and we expect non-telecom revenue to represent at least half of the Group’s total income by 2026. We plan to enhance the transparency of these businesses through reporting and improve governance and the decision-making process.
I would like to call your attention to the non-telecom verticals that were established as a result of MTS’s strategic realignment:

• AdTech is a high-margin advertising business that includes digital advertising and messaging via digital channels. Our advertising vertical is Telegram’s only partner authorized to run targeting in Russia on the basis of external data.
• FunTech manages a portfolio of entertainment assets, including the KION online cinema and a world-class film studio, the MTS Music streaming service, the Stroki book service, MTS Label and MTS Live, which combines event production, ticket sales and a network of concert venues. Media is a key channel for engaging and retaining users through an emotional connection.  
• MTS Web Services (MWS), our IT vertical, provides cloud, AI services and platform solutions for business, from data operations to product development and process optimization.
• FinTech, our financial vertical, is built around a digital bank with advanced technological maturity that is developing in synergy with the ecosystem.
• Urent is Russia’s one of the largest kicksharing operator, with a steadily growing user base and an extensive geographic reach covering more than 200 locations across Russia, as well as its own manufacturing and technological platform.

This is how we intend to execute on our strategic goal of building an open ecosystem for collaboration with external partners. We have been developing technologies in Russia for more than three decades already, and we see significant opportunities ahead to develop strategic partnerships and unlock synergies beyond the Group».

Results Press Release
Presentation
Summary Financials

Mobile TeleSystems Public Joint Stock Company
Tel: +7 495 223 2025
E-mail: ir@mts.ru

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Mobile TeleSystems Public Joint Stock Company (“MTS” – MOEX: MTSS) is Russia’s ecosystem providing network-native digital services and largest mobile operator. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud computing and IoT. There are more than 86 million mobile subscribers using MTS services across the company’s operations in Russia and Belarus, including more than 81 million subscribers in Russia alone. In addition, MTS has a nationwide network of more than 4,400 owned and franchised retail outlets in Russia, and provides nearly 10 million clients with broadband, TV, and/or fixed-line telephone connectivity, over 13 million users – with OTT and pay TV services. The number of ecosystem clients exceeds 15 million. MTS’s shares are listed on the Moscow Exchange under the ticker MTSS. For more information, please visit the company’s Investor Relations website at ir.mts.ru.
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