MTS Reports 4Q 2025 Financial and Operating results

4Q 2025 Consolidated Group Revenue increased by 16.4% year-over-year to RUB 222.5 bn.
4Q 2025 Group OIBDA rose 18.9% year-over-year to RUB 71.8 bn.
4Q 2025 Group Net debt/LTM OIBDA was 1.6

In 4Q 2025, the Group’s consolidated revenue increased by 16.4% y/y to RUB 222.5 bn, driven by revenue growth in the core telecom business and emerging business lines. The Group’s OIBDA increased by 18.9% in the reporting period to RUB 71.8 bn. The strong OIBDA growth was driven by operational expenses optimization and was supported by revenue from communications services, advertising and media. The Group’s net profit1 for 4Q 2025 amounted to RUB 21.5 bn (x15,5 y/y) driven by robust OIBDA dynamics and a positive financial instruments performance. MTS’s net debt amounted to RUB 458.3 bn. The Group’s net debt  to LTM OIBDA ratio decreased by 0.3 compared with the end of 4Q 2024 and amounted to 1.6.

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

«In 2025, MTS successfully adapted to the serious challenges of regulatory restrictions, high interest rates, and market competition in the telecoms industry. The Group segmented its emerging business lines, undertaking an extensive rethinking of the business, significantly reduced expenses, stabilized its debt burden, and improved corporate governance. We can now confidently say that one of the most challenging periods in the company’s history is behind us, after which
we managed to maintain subscriber trust and strengthen our leadership position.

By the end of 2025, MTS Group revenue exceeded RUB 800 bn for the first time, driven by growth in its telecom business and key developing areas, and OIBDA totaled RUB 280 bn. The Group intensified its focus on managing its debt burden: the net debt to OIBDA ratio at the end of the reporting year fell to a four-year low of 1.6.

Our key non‑telecom businesses grew rapidly throughout the past year, and their contribution to the Group’s revenue has already reached 42%. These businesses continue to grow faster than telecom and faster than the markets in which they compete.

MTS is transforming its business to strengthen its positions as one of the country's leading technology companies. Last year, we confirmed our leadership position in the J'son&Partners Consulting technology rating of Russian telecom operators. New technologies, including AI, have already become an integral part of our everyday lives, and the telecommunications industry is no exception. We plan to further strengthen our competencies as the most innovative mobile operator and invest more in R&D to accelerate the implementation of future technologies that hardly anyone in Russia would have believed just a few years ago.

We’re ready to demonstrate  by our own example how in a short time you can go from a vision of next-generation communications to its practical implementation.»

Results Press Release
Presentation
Summary Financials

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