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Earnings Score 42 Bullish

KPN Posts 19% Net Profit Surge in Q1, Confirms 2026 Guidance

Apr 29, 2026 06:10 UTC
KPN, KKPNY, KPN.AS
Short term

Dutch telecommunications provider KPN reported a strong start to 2026 with net profit reaching 200 million euros. The company has reaffirmed its full-year outlook and mid-term strategic goals.

  • Q1 net profit reached 200 million euros, up 19% YoY
  • Operating profit (EBIT) rose to 349 million euros from 294 million euros
  • Adjusted revenues increased 2.1% to 1.45 billion euros
  • Adjusted EBITDA AL grew 3.1% to 653 million euros
  • Management reiterated full-year 2026 guidance

KPN has announced a significant increase in its first-quarter net profit, demonstrating financial resilience amid a volatile global environment. The company reported net earnings of 200 million euros, marking a 19% increase compared to the same period last year. The growth was supported by a rise in operating profit (EBIT), which climbed to 349 million euros from 294 million euros in the prior year. This performance underscores the company's ability to maintain operational efficiency despite broader macroeconomic headwinds. On the revenue front, adjusted revenues for the quarter reached 1.45 billion euros, representing a 2.1% increase. Service revenues saw a more modest uptick of 0.6%, totaling 1.33 billion euros. Additionally, Adjusted EBITDA AL grew by 3.1% to 653 million euros. CEO Joost Farwerck noted that while the geopolitical landscape remains unstable, the company's financial results have proven resilient. Consequently, KPN has reiterated its full-year 2026 outlook and its mid-term ambitions, signaling management's confidence in the firm's current trajectory.

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