Odido — Executive Financial Dashboard

FY2025 Key Performance Indicators

FY2025 vs FY2024 full-year comparison. Source: Odido company reports / Telecompaper.

Total Revenue

€2.4B

▲ 1.3% vs prior year Q

Adj. EBITDA

€0.9B

▲ 3.4% vs prior year Q

EBITDA Margin

38.20%

▲ 1.9% vs prior year Q

Mobile Subscribers

3.1M

▲ 1.6% vs prior year Q

Broadband Subs

1.0M

▲ 6.3% vs prior year Q

5G Coverage (NL)

86.00%

▲ 1.2% vs prior year Q

Private Company: Odido is PE-backed (Warburg Pincus + Apax Partners); not publicly listed as of April 2026. IPO on Euronext Amsterdam planned for 2026. CapEx and FCF data not publicly disclosed. Approx. USD equiv. at €1 = $1.09 noted in footer. Former name: T-Mobile Netherlands (rebranded Sep 2023).

Annual Financial Performance

FY2023–FY2025 actuals. EBITDA margin improving toward 38%+. CapEx/FCF not publicly disclosed.

Steady revenue growth (+4% over 2yr). EBITDA margin expanding as fixed broadband scales. Source: Telecompaper / Odido press releases.

Fixed broadband was the standout growth segment in FY2025 (+11% YoY) driven by FWA "Klik&Klaar" launch.

Network Domain — 5G, FWA & Strategic Initiatives

Odido operates the Netherlands' fastest 5G network (Opensignal). Fixed broadband now a key growth pillar through FWA.

86% 5G population coverage. Odido ranked #1 in Netherlands for 5G download speeds (331.9 Mbps avg, Opensignal 2025).

Broadband crossed 1M milestone in Q1 2025 — driven by FWA "Klik&Klaar" launch. Mobile base stable at ~3.1M.

🔶

Odido Brand & Relaunch

T-Mobile Netherlands → Odido (Sep 2023)

Rebranded Sept 2023 from T-Mobile Netherlands
Fresh brand identity: 'Odido' = everyone together
Customer-focused positioning in competitive Dutch market
Growing brand awareness driving NPS improvement

🏠

Fixed Wireless Access (FWA)

'Klik&Klaar' home internet

FWA launched 2024 — 'Klik&Klaar' (plug-and-play) product
Key driver of crossing 1M broadband milestone (Q1 2025)
Broadband revenue up +11% YoY in FY2025
Now ~24% of total revenue and growing

📡

5G Network Leadership

Fastest 5G speeds in the Netherlands

86% Netherlands population covered with 5G
Averaging 331.9 Mbps — highest in Netherlands (Opensignal)
3.5 GHz spectrum deployment complete (80% network modernized)
SA 5G core roadmap underway for network slicing

📊

IPO Preparation (2026)

PE exit via Euronext Amsterdam

Warburg Pincus + Apax Partners (PE owners) targeting IPO
Expected ~€1B valuation at listing
Strengthening financial disclosure ahead of IPO
Revenue and EBITDA growth trajectory supports valuation

🤖

Network Automation & AI

Intelligent network operations

AI-driven network self-optimization deployed on 3.5 GHz layer
Automated fault detection and remediation
Smart CapEx allocation based on customer demand signals
Data analytics platform for customer experience improvement

💼

Business/Enterprise Strategy

Corporate segment revival

Business segment under pressure (-6% FY2025 est.)
Focus: SME and mid-market with bundled 5G + connectivity
Government and public sector contracts growing
SD-WAN and managed network services for enterprise

FY2025 Results & Strategic Outlook

Revenue and EBITDA growth on track for IPO. Fixed broadband scaling rapidly; mobile stable; 5G leadership sustained.

Total Revenue (FY2025)

€2.38B

+1.3% YoY

EBITDA Margin

38.2%

+0.7pp YoY

Fixed Broadband

1.01M

Crossed 1M milestone

5G Coverage

86%

Fastest in Netherlands

Strategic Priorities 2026

Scale fixed broadband to 1.5M+ (FWA + fiber)
Maintain 5G speed leadership via SA core rollout
Drive EBITDA margin toward 40% via operational efficiency
Complete IPO preparation and Euronext Amsterdam listing

Market Position (Netherlands)

#3 mobile operator in Netherlands (~19% market share)
Fastest 5G network by speed (Opensignal 2025)
Growing fixed broadband challenger to KPN and Ziggo
Strong SME/enterprise presence via former T-Mobile B2B

Odido (Private) — Financial Dashboard