Record Dividend Proposal
Proposed dividend of EUR 1.00 per share — the highest in Deutsche Telekom's history — signaling strong cash generation and confidence in 2025 results.
Group Top-Line and Profit Growth
Organic net revenue up 4.2% to EUR 119.1 billion; service revenues up 3.8% to EUR 99.4 billion; adjusted EBITDA up 4.7% to EUR 44.2 billion; adjusted net profit grew ~3.7% (despite currency effects).
Free Cash Flow and Investment
Free cash flow increased 2% to EUR 19.5 billion in 2025 while group gross investments totaled ~EUR 17 billion (EUR 5.9 billion in Germany), demonstrating continued heavy capex alongside positive cash generation.
U.S. Performance and Customer Growth
U.S. reported service revenue (U.S. GAAP) rose 10.5% to USD 18.7 billion; adjusted core EBITDA up 6.8% to USD 8.4 billion; strong postpaid net adds of ~2.4 million in Q4; postpaid service revenue +13.9%.
Fiber Build-Out and Commercial Momentum in Germany
Built 2.5 million new fiber lines in Germany in 2025 (more than competitors combined); homes passed reached 12.6 million; ~600,000 new German fiber customers added in 2025; Q4 fiber net adds 164,000 (best-ever quarter); fiber penetration +11% YoY to 16.4%.
European Segment Strong Execution
Europe service revenue growth 3.9% in 2025; organic Q4 revenue +3.5%; 32nd consecutive quarter of organic EBITDA growth; added 1.1 million FTTH homes to reach 11.3 million and achieved 92% 5G coverage by end-2025.
T-Systems Turnaround and Growth Signals
T-Systems revenue +3% in 2025 with outstanding order intake and TRIM customer score of 93 (all-time high); targets to grow revenues in key public/health/defense verticals and scale T-Cloud public revenues to >EUR 200 million.
AI, Data and Sovereignty Initiatives
Launched 500+ AI and data projects group-wide; Frag Magenta chatbot engaged ~7 million times in 2025 resolving ~55–56% of inquiries autonomously; opened AI 'factory' in Munich with reported utilization ~40–50% and focus on sovereign, energy-efficient stack for industry and public sector.
Upgraded 2026 Guidance
Ambitious 2026 targets: adjusted EBITDA growth ~6% to EUR 47.4 billion, free cash flow +3% to EUR 19.8 billion, and adjusted EPS up ~10% to ~EUR 2.20 — management reiterates 2027 CMD trajectory is on track.