NOS net income rises 34.1% in 2Q FY26 to EUR 77.5 million; revenue flat at EUR 458.3 million

• NOS posted 2Q26 revenue of EUR 458.3 million, flat versus 2Q25, as Consumer pressure offset Enterprise and IT growth.
• EBITDA rose 1.5% versus 2Q25 to EUR 206 million; margin widened 0.7 percentage points to 44.9% on a 1.2% drop in operating costs.
• Net income attributable to shareholders climbed 34.1% versus 2Q25 to EUR 77.5 million; net income excluding non-recurring effects rose 19.2% to EUR 68.4 million.
• Free cash flow more than doubled versus 2Q25 to EUR 83.3 million on lower CAPEX, helped by EUR 20.8 million positive non-recurring cash-in.
• CAPEX excluding lease contracts fell 8.2% versus 2Q25 to EUR 84.2 million; net financial debt stood at EUR 1.08 billion, with leverage at 1.56x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nos SGPS SA published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.