Hrvatski Telekom d.d. (ZSE:HT)

Hrvatski Telekom d.d. Financials Overview

Financials in millions EUR. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,171	1,142	1,102	1,039	983.5	983.71
Revenue Growth	3.26%	3.64%	5.99%	5.68%	-0.02%	-0.42%
Gross Profit Gross Profit Growth	649.75	627.45	598.19	562.65	544.13	553.93
Operating Income Operating Income Growth	210.68	198.08	187.07	162.57	149.93	128.27
Net Income Net Income Growth	152.56	142.96	141.87	132.03	86.99	81.83
Earnings Per Share EPS Growth	-	1.85	1.82	1.69	1.10	1.02
EPS Growth	-	1.59%	7.89%	53.44%	7.70%	5.35%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Residential Residential Growth	626.94	599.35	550.8	509.46	508.82
Business Business Growth	397.38	381.22	383.42	368.27	370.44
Other Other Growth	23.99	30.73	21.15	26.69	-
Crnogorski Telekom Consolidated Crnogorski Telekom Consolidated Growth	93.36	90.28	83.96	79.07	75.44
Total Total Growth	1,142	1,102	1,039	983.5	983.71

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	96.7	173.07	229.66	262.48	386.92	413.82
Total Debt Total Debt Growth	90.7	84.71	76.57	66.97	70.37	80.5
Net Cash (Debt) Net Cash Growth	6	88.36	153.09	195.51	316.55	333.32
Net Cash Growth	-	-42.28%	-21.70%	-38.24%	-5.03%	15.96%
Net Cash Per Share Net Cash Per Share Growth	-	1.14	1.96	2.50	4.00	4.15

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	421.69	407.49	401.02	360.51	344.9	380.82
Capital Expenditures CapEx Growth	-244.54	-215.94	-207.82	-303.57	-194.77	-205.18
Free Cash Flow Free Cash Flow Growth	177.15	191.55	193.21	56.95	150.13	175.64
Free Cash Flow Growth	7.55%	-0.86%	239.27%	-62.07%	-14.52%	77.04%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	55.49%	54.96%	54.30%	54.14%	55.33%	56.31%
Operating Margin	17.99%	17.35%	16.98%	15.64%	15.25%	13.04%
Pretax Margin	16.03%	15.54%	16.08%	15.44%	11.94%	10.06%
Profit Margin	13.03%	12.52%	12.88%	12.70%	8.85%	8.32%
FCF Margin	15.13%	16.78%	17.54%	5.48%	15.27%	17.85%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.690	1.690	1.640	1.530	1.100	1.064
Dividend Per Share Growth	3.05%	3.05%	7.19%	39.09%	3.34%	0.46%
Dividend Yield	4.34%	4.05%	4.08%	5.55%	4.67%	4.30%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	19.53	22.29	21.87	16.29	21.32	24.13
Forward PE	18.03	20.70	20.10	19.70	16.93	16.45
P/FCF Ratio	16.82	16.64	16.06	37.75	12.35	11.24
PS Ratio	2.54	2.79	2.82	2.07	1.89	2.01

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error