United Group (UG) announced, as reported by FoNet, that the Group’s revenue increased by three percent year-on-year to 2 billion euro, primarily driven by organic growth of the subscriber base, increased customer up-selling and cross-selling, inflation linked price increases, and ICT projects.
Following the sale of its Serbian assets, the Group is now more clearly focused on its core EU operations and growth businesses in telecommunications, media and technology, it said.
The portfolio has been simplified, and management attention is concentrated on the key portfolio companies in Greece, Bulgaria, Croatia and Slovenia, the press release said.
The Group has continued to strengthen its leadership and governance framework, and the recent senior appointments – including Dr. Kim Kyllesbech Larsen as Chief Technology and Information Officer and Dejan Kocic as Interim CEO of United Cloud – support the execution of United Group’s technology and innovation agenda.
United Group CEO Stan Miller said that the Group has successfully focused on its core portfolio, empowering local teams to achieve exceptional results.
“As we continue to drive value across our telecommunications, media, and technology businesses, our priority remains laser focused on capital allocation, accelerating cash conversion, and generating long-term value for all stakeholders,” Miller said.
UG said that its financial performance in nine months of 2025 reflects a combination of sustained top-line growth, stronger earnings progression and continued balance sheet strengthening.
The Group’s last-twelve-month revenue reached 2.7 billion euro, which is a four percent year-on-year increase.
Adjusted EBITDAal grew seven percent to approximately 680 million euro, outpacing revenue as result of continued cost control offsetting wage inflation suffered in most markets.
Last-twelve-month Adjusted EBITDAal reached 909 million euro, a nine percent year-on-year increase, UG said.
Capital expenditure excluding capitalized leases increased to approximately 550 million euro, mainly as a result of increased fixed network investments (particularly fiber roll out in Greece), investments in mobile infrastructure and energy projects.
Source: N1
