Proximus Q1 Net Income Up At 101 Million Euros

Proximus NV PROX:

• STRONG DOMESTIC COMMERCIAL PERFORMANCE SUSTAINED IN Q1: MOBILE POSTPAID +21,000, INTERNET +12,000 AND CONVERGENT CUSTOMERS +17,000

• DOMESTIC EBITDA OF EUR 424 MILLION IN Q1’24, +4.7% YOY DRIVEN BY STRONG +5.4% GROWTH IN DIRECT MARGIN

• FULL CONFIDENCE IN REITERATING GUIDANCE FOR FULL-YEAR 2024

• PROXIMUS GROUP Q1’24 UNDERLYING REVENUE OF EUR 1,504 MILLION, +1.2% YOY, UNDERLYING EBITDA OF EUR 454 MILLION, +5.0%

• Q1’24 CAPEX AT EUR 294 MILLION

• Q1’24 ADJUSTED FCF AT EUR -112 MILLION

• Q1’24 DOMESTIC REVENUE +4.5% TO EUR 1,201 MILLION, SERVICES REVENUE OF RESIDENTIAL UP +6.5% AND BUSINESS +2.7%

• DIVIDEND OF EUR 0.60 PER SHARE OVER THE RESULT OF 2024 IS EXPECTED TO BE RETURNED IN TWO TRANCHES,

• FIBER FURTHER SCALING: 36% COVERAGE IN STREET, +44,000 ACTIVATED FIBER LINES IN Q1, TOTAL OF 441,000 END-MARCH 2024.

• Q1’24 NET INCOME EUR 101 MILLION VERSUS EUR 94 MILLION YEAR AGO