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NOS SGPS SA
ELI:NOS

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NOS SGPS SA
ELI:NOS
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Price: 4.045 EUR 0.75% Market Closed
Market Cap: 2.1B EUR

NOS SGPS SA
Investor Relations

NOS SGPS SA, a prominent player in the Portuguese telecommunications and entertainment sector, has carved a niche in an industry defined by rapid technological change and intense competition. Emerging from the merger of two companies, ZON Multimedia and Optimus, in 2013, NOS has since sprinted ahead as a robust force in both the telecommunications infrastructure and content spheres. Its business operations span across offering cable and satellite television services, pioneering high-speed internet access, providing comprehensive mobile and fixed voice services, and being a critical distributor of films and audiovisual content. These diversified operations equip NOS with a formidable toolkit to navigate the dynamics of consumer demand and technological evolution, anchoring the company in Portugal’s digital ecosystem.

The tale of NOS SGPS SA's financial success is deeply interwoven with its diversified revenue streams. The company's revenue model hinges on its ability to provide bundled telecommunications packages, a strategy that not only cushions against market volatility but also incentivizes customer loyalty. By offering competitive ‘triple play’ and ‘quad-play’ services – a combination of TV, internet, mobile, and fixed telephony – NOS maximizes cross-selling opportunities and reduces churn. Meanwhile, the entertainment division fuels ancillary revenue through cinema operations and content distribution, capitalizing on the national appetite for diverse media offerings. This strategic interplay between comprehensive service offerings and content distribution places NOS SGPS SA at a considerable advantage, weaving a narrative of sustainable growth and innovation.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Revenue: NOS reported Q3 revenue of EUR 457 million, down 1.2% year-on-year, mainly due to weakness in the Audiovisuals and Cinema segment.

EBITDA Growth: EBITDA rose 2.7%, supported by efficient cost management and AI-driven operational improvements.

Net Income: Net income increased by 25% to EUR 65 million, helped by strong operational performance and tax incentives.

Free Cash Flow: Free cash flow declined 56% to EUR 51 million, mainly due to lower extraordinary items versus last year.

Operational Momentum: Record net adds of 131,000 RGUs, with strong contributions from both fixed and mobile segments, despite a competitive market.

Cost Efficiencies: AI initiatives contributed to a 4.6% reduction in OpEx, notably cutting customer care and maintenance costs.

Stable Competition: Management noted a stable competitive environment and steady customer contract renegotiation activity.

Key Financials
Revenue
EUR 457 million
Net Income
EUR 65 million
Free Cash Flow
EUR 51 million
RGUs (Revenue Generating Units)
10.9 million
Net Adds
131,000
Fiber-to-the-Home Coverage
5.9 million households
CapEx
EUR 91.5 million
Net Debt
EUR 1,093 million
Leverage Ratio
1.6x
Average Cost of Debt
below 2.8%
Cash and Liquidity
EUR 343 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Miguel Nuno Santos Almeida
CEO & Vice-Chairman
No Bio Available
Mr. Jorge Filipe Pinto Sequeira dos Santos Graca
CTO & Executive Director
No Bio Available
Ms. Filipa de Sousa Taveira da Gama Santos Carvalho
Chief Compliance Officer, CCO & Executive Director
No Bio Available
Mr. Daniel Lopes Beato
Executive Director
No Bio Available
Mr. Jose Alexandre Koch Ferreira
CFO & Executive Director
No Bio Available
Ms. Maria Joao Hewitt Carrapato Moura Landau
Head of the Investor Relations & Sustainability
No Bio Available
Duarte Sousa Lopes
Chief Information Security Officer
No Bio Available

Contacts

Address
Lisbon
Edificio Campo Grande, Rua Ator Antonio Silva, n 9 - Campo Grande
Contacts
+351217824725.0
www.nos.pt