Business · Companies · 9 hrs ago
Cellnex cuts nine-month net losses by 16.7% as revenue rises
Cellnex reported a €219 million net loss for the first nine months of the year, 16.7% less than in the same period a year earlier.
The Spanish telecom tower company’s consolidated revenue excluding pass-through income reached €3.008 billion, up 2.4%.
Its tower business remained its main source of income, bringing in €2.456 billion as the number of points of presence rose to 187,693.
Cellnex generated €474 million in cash flow, more than double the amount a year earlier, while investment fell 22% to €860 million.
Its net debt rose to €21.044 billion, but its net debt-to-EBITDA ratio improved to 6.13 times from 6.28 times at the end of 2025.
The company maintained its goal of €1 billion for shareholder returns in 2026, split between dividends and share buybacks.
It also kept its 2026 and 2027 forecasts and plans to invest an additional €500 million in a Polish infrastructure-sharing project through 2030.
Cellnex reported net losses of €219 million for the first nine months of the year, down 16.7% from the same period a year earlier.
Consolidated revenue excluding pass-through income rose 2.4% to €3.008 billion.
Operating revenue increased 3.1% to €3.353 billion.
Cash flow reached €474 million, more than double the level in the same period a year earlier.
The company maintained its target of allocating €1 billion to shareholder returns in 2026.
- Who
- Cellnex, the telecommunications infrastructure operator.
- What
- It reported a 16.7% year-on-year reduction in net losses to €219 million for the first nine months, while consolidated revenue excluding pass-through income rose 2.4%.
- When
- The results covered the first nine months of the year and were reported on November 5, 2026.
- Where
- Not stated.
- Why
- Cellnex cited organic growth, operational efficiency and lower investment intensity.
This story does not have two clearly opposing sides.
Cellnex recorded net losses of €219 million and consolidated revenue excluding pass-through income of €3.008 billion.
Cellnex reported its results and announced an agreement with Polkomtel to expand infrastructure sharing in Poland.
- Net losses
- €219 million, down 16.7% year on year
- Consolidated revenue
- €3.008 billion excluding pass-through income, up 2.4%
- Operating revenue
- €3.353 billion, up 3.1%
- Cash flow
- €474 million, more than double the year-earlier level
- Shareholder returns target
- €1 billion in 2026
- Polkomtel agreement
- €500 million in additional capital expenditure from 2026 to 2030
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