Telefónica posted net profit of 464 million euros in the first nine months of the year, compared with losses of 1,080 million euros recorded in the same period of 2025, as the company said this Thursday to the National Securities Market Commission (CNMV).
Between January and September 2026, the 'teleco' chaired by Marc Murtra reached revenues of 24,825 million euros, representing a 2.8% increase at real exchange rates (1.0% at constant exchange rates) compared with the same interval of the prior fiscal year.
In those months, the group’s continuing operations — which include its activities in Spain, Brazil, Germany, the United Kingdom and the rest of the subsidiaries in continuing operations — generated net profit of 1,333 million euros, 21.6% higher.
On the other hand, the discontinued activities or those in the process of being exited, including the divestments in Hispanoamerica, resulted in a negative figure of 870 million euros (-60%).
In the Spanish market, during the first nine months of 2026, revenues stood at 9,828 million euros after increasing by 2.5%, the fastest growth rate in more than 15 years.
At the same time, the company cut its debt to 25,186 million euros at the end of September, 10.8% less than a year earlier, after reducing it by 1,600 million euros in the first nine months of the fiscal year, the biggest drop since 2021.
The results accumulated through September led the group to raise several of its financial targets for the full year at constant exchange rates (considering the average exchange rates of the first nine months of 2025, at constant scope and excluding Venezuela).
More than 8,400 million in revenues in the third quarter
The positive trend was reinforced in the third quarter, when the operator’s billing rose to 8,433 million euros, 4.8% higher in real terms (2.2% at constant exchange rates) compared with the same period of the previous year.
Between July and September, Telefónica nearly tripled (+191.1%) its profit, which stood at 802 million euros.
Of that amount, continuing operations contributed net profit of 860 million euros (+151.3%), while discontinued activities recorded some "red figures" of 58 million euros (-13.3%).
In this scenario, Telefónica España maintained its growth path with quarterly revenues of 3,316 million euros (+2.6%).
With this quarter, the company chained its fourth consecutive period of simultaneous gains in its main financial indicators (both at real and constant exchange rates), a dynamic supported by the strength of revenues, adjusted Ebitda, and adjusted operating cash flow after leases (OpCFaL) in Spain and Brazil.
The results of the third quarter allowed the operator to confirm the cash dividend of 0.15 euros per share corresponding to the 2026 fiscal year, which will be paid in June 2027, subject to approval by the general meeting of shareholders, after having paid in June 2026 the same amount as the second installment of the 2025 dividend.