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Proximus (ENXTBR:PROX) Is Up 5.1% After Weaker H1 Revenue And Earnings Update

Simply Wall St·08/01/2026 22:15:20
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  • Proximus PLC has released its half-year results for the period ended June 30, 2026, reporting sales of €3,030 million, revenue of €3,125 million, and net income of €278 million, all lower than the same period a year earlier, with basic and diluted EPS from continuing operations easing to €0.86 from €0.97.
  • The simultaneous declines in revenue, net income and earnings per share suggest that both top-line and profitability pressures weighed on Proximus’s performance over the past six months.
  • Against this backdrop of weaker half-year revenue and earnings, we’ll now examine how these results may reshape Proximus’s existing investment narrative.

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Proximus Investment Narrative Recap

To be a shareholder in Proximus, you need to believe that its heavy investment in fiber, 5G and digital services will ultimately support stable cash generation despite competitive and cost pressures. The latest half year results, with softer revenue and earnings, highlight that the near term catalyst is execution on cost efficiency and cash flow, while the biggest current risk is that high CapEx and leverage weigh further on profitability. For now, this earnings miss does not appear to alter that risk balance in a material way.

Against this earnings backdrop, the upcoming transition to a new CFO, Fiona Lam, from September 2026 stands out as particularly relevant. With profitability under pressure and leverage already elevated, the quality of financial discipline and capital allocation will be in sharper focus. For investors watching Proximus, this management change intersects directly with the near term need to support free cash flow while fiber deployment and transformation spending remain high.

Read the full narrative on Proximus (it's free!)

Proximus' narrative projects €6.2 billion revenue and €342.2 million earnings by 2029. This is based on essentially flat yearly revenue and a €55.8 million earnings decrease from €398.0 million today.

Uncover how Proximus' forecasts yield a €8.11 fair value, a 26% upside to its current price.

Exploring Other Perspectives

ENXTBR:PROX 1-Year Stock Price Chart
ENXTBR:PROX 1-Year Stock Price Chart

Yet while some analysts were assuming Proximus could lift earnings to about €390.6 million by 2029 on modest revenue growth, this latest setback raises fresh questions about how realistic those expectations are for investors who may not be fully aware of...

Before these results, the most optimistic analysts were assuming earnings could reach about €390.6 million on roughly €6.4 billion of revenue by 2029, which is far more upbeat than the consensus narrative that now looks more exposed to weaker first half performance and the risk that Proximus Global’s structurally pressured activities continue to drag on group earnings.

Explore 6 other fair value estimates on Proximus - why the stock might be worth just €8.00!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.