KPN Q3 Net Profit Rises 5.4% to €249 Million Despite EBIT and EBITDA Decline; Reiterates 2026 Outlook

Koninklijke KPN N.V. (KKPNY.PK, KPN.AS) reported Wednesday a 5.4% increase in third-quarter net profit to €249 million from €237 million a year earlier, driven by lower income tax expenses tied to a timing effect on hybrid refinancing. Shares were trading at €4.1610 in Amsterdam, up 1.84%. Operating profit (EBIT) fell 3.6% to €356 million from €369 million, while Adjusted EBITDA AL edged down 0.1% to €671 million from €672 million. The Adjusted EBITDA AL margin narrowed to 44.8% from 46.1%. Adjusted revenues rose 2.9% to €1.498 billion from €1.455 billion, with group service revenue up 2.7% to €1.383 billion, supported by growth across all segments. KPN reiterated its fiscal 2026 outlook for service revenue growth of approximately 1.5% and Adjusted EBITDA AL of approximately €2.670 billion, along with mid-term ambitions presented at its November 2025 Strategy Update.