Telefónica registered net losses in the first 2025 semester of 1,355 million euros, these red numbers are produced due to accounting disability scheduled by the sale of these Spanish -American subsidiaries from which the company presided by Marc Murtra, the net benefit of continuous operations – which are still within the group – would be located in 558 million euros in 558 million euros in 558 million euros in 558 million euros. year.
These bulky losses have already anticipated in it. In fact, in the second quarter the net losses were reduced to 51 million euros, because the negative impact of those, accounted for in these three months, has been 206 million, much less than that of Argentina and Peru, which was pointed out in the accounts of between January and the end of March. Discussing this effect, Telefónica would have obtained a benefit of 155 million euros in the second quarter of 2025.
As for income, disinversions in Latin America have also been noticed in the perimeter of the group that has seen its turnover reduced to 18,013 million euros in the first half of this year, for comparable purposes, excluding the Spanish -American businesses sold, the income in the semester has been cut 3.3%, a decrease that the company explains due to the poor evolution of the exchange rates. Between April and the end of June, the income amounted to 8,953 million euros, 3.7% less. The Gross Operating Benefit (EBITDA) fell 4.6% in the semester to 5,895 million euros, a decrease also derived from the evolution of currencies, according to the company.
After these results, Telefónica confirms the financial objectives established for the whole year and a dividend of 0.30 euros per cash for 2025, payable in two sections: the first next December (0.15 euros) and the second in June 2026 (0.15 euros).
Investment, debt and customers
The investment figure corresponding to the first six months of the year has reached 2,003 million euros, 6.8% less than a year ago, so that the sales investment ratio has been 11.1%, within the objective planned for the year. On the other hand, the Free Caja (FCF) generation has reached 505 million euros in the second quarter, compared to -213 million euros of the first quarter, to close June with a total of 291 million euros resulting from the usual seasonality in the first half of the year.
The net financial debt has been reduced by 5.5% in interannual terms and has been at 27,609 million to June 30. For its part, the long -term financing activity of the semester, for the amount of 7,593 million euros, has allowed to maintain a solid liquidity position of 18,649 million, a coverage of the maturities exceeding three years and a half -life of the debt of 10.9 years.
Telefónica has ended the first semester of the year with 348.6 million lines. The company is a global fiber leader, with more than 171 million real estate units (households and businesses) passed with broadband networks, of which a total of 81.4 million correspond to fiber optics, a figure that includes the more than 29 million from the different telephone fiber vehicles. With respect to 5G mobile technology, coverage in Spain reaches 94% of the population, 98% in Germany, 64% in Brazil and 78% in the United Kingdom.
By subsidiaries
By regions, Telefónica España increased its income by 1.8% to 6,356 million euros, and 1% EBITDA to 2,254 million. Net line of lines in the residential market is the largest in more than six years. Broadband those grow 2.1%; Mobile contract (+2.7%) and payment television (+6.4%) The convergent base adds 15,000 customers and an average customer (ARPU) of 91.1 euros. Telefónica Germany increased its income by 2.2% with an EBITDA setback of 4.1%. Tantpo Brazil as Telefónica Hispam suffered the effects of exchange rates, with income drops of 6.9% and 12%, respectively, and 5.5% and 21.3% of the EBITDA.
