12.5% revenue growth reinforces our role as a strategic partner in NextGen technologies

Telefónica Group closed the first half of 2025 with a net profit of €558 million, driven by accelerated growth in Spain and Brazil during the second quarter. Revenues reached €8,953 million between April and June, exceeding €18 billion for the first six months, with organic growth of 1.5%. Notably, the German business also performed well, with a net increase of 12.1% in mobile contracts. The company confirmed both its full-year financial targets and the €0.30 per share dividend, to be paid in two installments.

In the case of Telefónica Tech, we reported revenues of €566 million in Q2, representing year-on-year growth of 12.5%. For the first half of the year, revenues reached €1,074 million, up 9.6% compared to 2024, driven by strong commercial momentum, a diversified portfolio, and solid execution in key sectors such as public services, financial services, and healthcare, which together account for nearly 40% of our total sales.

Highlights of the quarter include:

• We strengthened our AI and Data capabilities through new alliances with Confluent, Zylon, Anjana Data, and Collibra, enabling us to deliver advanced analytics, data governance, and privacy solutions.
• In Cyber Security, we enhanced our portfolio with strategic partnerships such as Wiz, improving cloud security in multicloud environments, and SpyCloud, which reinforced our digital identity threat protection services.
• In IoT, we applied artificial intelligence to improve remote lighting management, achieving energy savings of up to 30%, and advanced the deployment of solutions based on our Smart Steps platform.
• We continued to expand our value proposition for SMEs, helping them become more secure, efficient, and competitive through tailored technology solutions.

These advancements reinforce our position as a leading provider of next-generation digital services, supported by recognition from international analysts such as Gartner, Everest Group, Fortinet, IDC, GlobalData, Juniper Research, and Avasant, along with the recent award from the Belfast Telegraph Business Awards 2025 for our commitment to sustainability.