A solid start to the year for Telia Lietuva – sales grew and margins were maintained at last year’s record level.

In the first quarter of this year, the company’s revenue reached €128.8M, which is €9M (8%) higher than a year ago. This quarter, turnover increased across almost all of the company’s activities, except for the category of other services. Revenue grew the fastest in the IT (+23% YoY) and mobile services (+9% YoY) segments. Last year, these same areas also demonstrated the strongest growth in turnover.

Revenue by services, 2026 Q1

The company continues to manage costs effectively. Although other operating expenses jumped by 28% compared with last year, cost of goods and services and employee expenses grew much more slowly – by around 4% each. Overall, these costs increased at a very similar pace to turnover – 8%. Accordingly, the EBITDA margin was almost in line with last year’s level at 39.7% and EBITDA increased by 8% compared with the previous year.

EBITDA

Last year was record-breaking for the company, but in the first quarter of this year it managed to earn an additional €2M (+9%) in net profit compared with a year ago, reaching €24.6M.

Annual free cash flow remains stably high at €116M (9% yield). In the first quarter, it was supported not only by €3M higher funds from operations, but also by €7M more funds released from working capital than last year.

Free cash flow