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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,146	1,142	1,102	1,039	983.5	983.71
Revenue Growth	2.64%	3.64%	5.99%	5.68%	-0.02%	-0.42%
Gross Profit Gross Profit Growth	637.25	627.45	598.19	562.65	544.13	553.93
Operating Income Operating Income Growth	202.38	198.08	187.07	162.57	149.93	128.27
Net Income Net Income Growth	146.26	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	135.3	173.07	229.66	262.48	386.92	413.82
Total Debt Total Debt Growth	92.7	84.71	76.57	66.97	70.37	80.5
Net Cash (Debt) Net Cash Growth	42.6	88.36	153.09	195.51	316.55	333.32
Net Cash Growth	-67.31%	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	385.09	407.49	401.02	360.51	344.9	380.82
Capital Expenditures CapEx Growth	-236.34	-215.94	-207.82	-303.57	-194.77	-205.18
Free Cash Flow Free Cash Flow Growth	148.75	191.55	193.21	56.95	150.13	175.64
Free Cash Flow Growth	-19.60%	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	55.61%	54.96%	54.30%	54.14%	55.33%	56.31%
Operating Margin	17.66%	17.35%	16.98%	15.64%	15.25%	13.04%
Pretax Margin	15.86%	15.54%	16.08%	15.44%	11.94%	10.06%
Profit Margin	12.76%	12.52%	12.88%	12.70%	8.85%	8.32%
FCF Margin	12.98%	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	Jul 25, 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	5.03%	3.05%	7.19%	39.09%	3.34%	0.46%
Dividend Yield	4.19%	4.24%	4.42%	6.39%	5.57%	5.37%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	21.42	22.19	21.87	16.29	21.32	24.13
Forward PE	20.16	20.70	20.10	19.70	16.93	16.45
P/FCF Ratio	21.06	16.56	16.06	37.75	12.35	11.24
PS Ratio	2.73	2.78	2.82	2.07	1.89	2.01

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 24, 2026

Data Sources Report a data error