Makedonski Telekom AD

News Summary:

Makedonski Telekom reported a net profit increase to 1.2 billion denars ($23 million/20 million euro) in the first half of 2026, up from 1.1 billion denars a year earlier. On July 29, the company captured six Speedtest Awards from Ookla for its performance in the first half of 2026, receiving accolades for best overall mobile network, fastest mobile network, top performer for mobile gaming and video experiences, and securing the top spot for best and fastest fixed network in North Macedonia, which it attributes to a EUR 1.19 billion investment in modernisation and infrastructure over a quarter-century. Previously, on May 28, shareholders approved a proposal to distribute a higher gross dividend of 28.9 denars ($0.54/0.46 euro) per share for 2025, an increase from the 27.6 denars per share payout of the prior year. This followed the company's report on May 13 of customer growth across all segments in the first quarter of 2026, with its mobile customer base growing 1.9% to 1.28 million, fixed voice accesses rising 2.3% to 238,959, fixed retail broadband customers increasing 3.5% to 226,454, and the TV customer base expanding by 6.1% to 171,428. Earlier in May, Makedonski Telekom announced its net profit edged up 1% year-on-year to 545.5 million denars ($10.3 million/8.9 million euro) in the first quarter of the year, driven by higher sales revenues partially offset by rising operating expenses and lower financial income.