Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., Cigaletova 15, Ljubljana, hereby publishes the following notification:

At its 23rd regular meeting on Monday, 13 May 2024, the Telekom Slovenije Supervisory Board reviewed Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, d.d., for the period between January and March 2024.

In the first three months of this year, the Telekom Slovenije Group successfully achieved its goals

The Telekom Slovenije Group had 5% or 83,991 more retail mobile users as at 31 March 2024 than at the same date last year, and 2% more fixed retail broadband connections.

The Telekom Slovenije Group generated EUR 170.4 million in operating revenues in the period January to March 2024, an increase of 4% relative to the same period in 2023.

Sales revenue totalled EUR 169.1 million, an increase of 4% relative to the same period in 2023. The Group recorded an increase in revenues on account of growth in the number of users and higher sales of IT merchandise and services, while revenues from financial, eHealth and insurance services and revenues on the wholesale market were also higher.

Earnings before interest and taxes (EBIT) amounted to EUR 18.3 million at the Telekom Slovenije Group level, an increase of 31% relative to the same period last year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled EUR 59.7 million at the Telekom Slovenije Group level, an increase of 10% or EUR 5.5 million relative to the same period in 2023. The EBITDA margin (i.e. EBITDA as a proportion of sales revenue) was 35.3% at the Group level.

Following the calculation of income tax (including deferred taxes), the Telekom Slovenije Group generated a net profit of EUR 12.1 million, an increase of 48% or EUR 3.9 million relative to the same period in 2023.

The announcement will also be available on the company’s website (www.telekom.si) for a period of at least 10 years.