mobilezone holding ag

Latest Results (26.07.2026):

mobilezone holding ag — Q4 2025 (full‑year 2025 results): mobilezone reported a record Swiss operating performance for the 2025 financial year with continuing‑operations net sales in Switzerland of CHF 274.2m and EBIT of CHF 36.5m (EBIT margin 13.3%). The year was dominated by the completed sale of the German business (closed 29 Dec 2025), which generated a cash inflow of CHF 182.8m and left the group with a net cash position of CHF 66.5m as at 31 Dec 2025. Consolidated net income for 2025 was CHF 27.4m and the Board will propose an unchanged dividend of CHF 0.90 per registered share.

Top‑line and profitability

Continuing operations (Switzerland) net sales: CHF 274.2m (stable vs prior year). Gross profit rose to CHF 118.0m and EBITDA was CHF 43.4m (margin 15.8%). EBIT reached a record CHF 36.5m (13.3% margin), up from the prior‑year level and described by management as the best Swiss operating result in the company’s history.

Net income, EPS and capital returns

Consolidated net income: CHF 27.35m; earnings per share: CHF 0.63. The Board proposes a dividend of CHF 0.90 per share (unchanged). The company reiterates its intention to maintain the CHF 0.90 payout through 2028 while pursuing growth.

Balance sheet and cash

Net cash position at 31 Dec 2025: CHF 66.5m (compared with net debt previously). Consolidated shareholders’ equity improved markedly to CHF 94.3m. The net cash inflow from the sale of the German business was CHF 182.8m and was used to fully amortise interest‑bearing liabilities.

German divestment and adjusted results

Sale of mobilezone Germany closed 29 Dec 2025 (enterprise value EUR 233m). The transaction produced a technical non‑cash disposal loss in the accounts but materially improved balance‑sheet strength and margin profile. Adjusted consolidated EBIT (group view, incl. special‑effect adjustments) was CHF 51.6m for 2025.

Operational growth drivers

MVNOs (TalkTalk + Digital Republic) continued strong growth: postpaid subscriptions rose 21.2% year‑on‑year to 219,900. jusit (refurbished devices) sales grew ~40.5% to 22,900 units. Management highlights expanding recurring revenue (MVNO, fleet/device‑as‑a‑service and service sales of CHF 7.7m) and improving retail margins.

Outlook and targets

Following the German sale, group EBIT guidance for 2025 was suspended; for 2026 management expects EBITDA of CHF 40–47m and ~CHF 40m cash generation. MVNO postpaid target for 2026 is ~250,000 subscriptions (≈ +14%). Mobilezone confirms an EBITDA target of CHF 70m by 2028 (Swiss focus) and intends to keep net‑debt/EBITDA below 2.0 even with inorganic growth.