The net profit of NOS fell by 9.2% in the first nine months of the year compared to the same period in 2024, reaching 182 million euros, attributed to the absence of extraordinary results last year, the company announced today.
Excluding extraordinary effects, NOS’s profit rose by 21.3% to 177.7 million euros.
“The growth in the number of customers in these first nine months of the year, in a challenging market context, proves the superiority of NOS’s value proposition and its recognition by Portuguese consumers,” stated Miguel Almeida in the earnings report.
“We believe that we will continue on this path of growth, even assuming that the telecommunications market in Portugal will remain challenging shortly,” added the executive.
Overall, “it was another quarter of very solid operational and financial results, supporting an optimistic view of NOS’s future, even acknowledging the demanding market environment anticipated for the coming times,” continued Miguel Almeida, emphasizing that the company was recognized internationally for its sustainability practices.
“We were distinguished by Time magazine as one of the ‘Most Sustainable Companies in the World’ and by the Financial Times as one of the ‘Climate Leaders of Europe.’ Being one of the only Portuguese companies present on both lists, and the only one in the telecommunications sector, is a source of great pride and reflects the consistency and progress of our sustainability strategy,” he concluded.
From January to September, consolidated revenues increased by 2% to 1.336.9 million euros, and earnings before taxes, interest, depreciation, and amortization (EBITDA) rose by 4.2% from the same period in 2024, reaching 618 million euros, with telecommunications EBITDA growing 4.3% to 569.1 million.
Consolidated revenue increased despite the impact of the decline in revenues from the Cinema and Audiovisuals business in the quarter, NOS notes, explaining that between July and September, “the absence of blockbusters caused revenues to fall by 20.9%.”
Across the nine months, “and as a result of a first half of the year with box office hits such as Lilo & Stitch, Minecraft, or Mission Impossible, accumulated revenues in this area of business fell by 0.5% to 74.8 million euros,” the company reports.
Telecommunications revenue in the corporate segment increased by 7.7% to 327.9 million euros, “with strong dynamism in large companies,” and IT revenues, “which combine results from NOS and Claranet Portugal, rose by 3.1% to 111.6 million euros, with strong growth of 10.6% in Services revenues, offsetting the weaker performance of the more volatile Equipment and Licenses segment.”
The EBITDA of the IT and Cinema & Audiovisuals areas showed growths of 13.7% and 0.3%, respectively, reaching 14.3 and 34.6 million euros.
“In a complex competitive context, NOS conquered 219 thousand new services compared to the same period last year,” the company reports, adding that in mobile services, based on the ‘Stand Alone’ 5G network, the company “grew by 184 thousand new services.”
