Telnet Holding Announces Net Profit of 5,055 Mtnd
Telnet Holding has announced a net profit of 5,055 Mtnd, ensuring an attractive dividend for the next year. On a consolidated basis, revenues increased by 23.9% compared to the previous year, reaching 42,348 Mtnd.
Key Financial Highlights
- Revenues: 42,348 Mtnd, up 23.9% from the previous year
- Personnel expenses: 26,183 Mtnd, up 14.9% from the previous year
- EBIT (Earnings Before Interest and Taxes): 4,364 Mtnd, down from 6,301 Mtnd in the previous year
- Net profit attributable to the group: 4,093 Mtnd, a slight decrease of 4.6% from the previous year
Agreement with Tax Administration
The company has reached a total agreement with the tax administration on June 17, 2025, regarding notifications from February 2023 and March 2024. According to the agreement, the company will settle the outstanding principal amount of 0.334 Mtnd over a period of three years. As of June 30, 2025, the first installment of 0.040 Mtnd has been paid.
Favorable Agreement on VAT Credit
A favorable agreement has been obtained regarding the VAT credit, following the company's request for reimbursement on December 25, 2024. The tax administration has accepted a reimbursement of 2,914 Mtnd.
Market Performance
The company's stock has shown a return of 17.5% since the beginning of the year, satisfying investors. Despite the challenges, Telnet Holding remains a promising investment opportunity, with a strong financial foundation and a commitment to growth and profitability.
