- Telia delivered SEK 7.97 billion in adjusted EBITDA, outperforming forecasts amid solid revenue growth in Sweden and Finland.
- Earnings were bolstered by free cash flow of SEK 2.3 billion, though softer performance in Norway highlights concerns over TV and wholesale revenue.
What happened: Telia reports Q2 beat on EBITDA despite revenue pressure in Norway
Telia Company released its Q2 2025 results, beating expectations by delivering SEK 7.97 billion in adjusted EBITDA—a 6.2% year-over-year increase—compared to analysts’ SEK 7.84 billion forecast. Service revenue in Sweden and Finland rose, while Norway saw weaker performance due to lower TV and wholesale income. Group revenue reached SEK 19.8 billion, up 1.2% like-for-like, just shy of projections at SEK 19.9 billion. The company also generated SEK 2.3 billion in free cash flow during the quarter.
Also read: Swedish military teams up with Telia and Ericsson on defense tech
Also read: Telia powers remote tank test
Why it’s important
The performance highlights Telia’s resilience in its core Nordic markets, where mobile and service revenues continue to drive profitability. However, ongoing headwinds in Norway reveal the challenges of balancing traditional media and wholesale segments. Telia’s healthy free cash flow reinforces its capacity for further investments—such as infrastructure upgrades and strategic acquisitions—but management must address regional disparities to sustain growth.
