Proximus SA (BGAOF) Q2 2025 Earnings Call Highlights: Strong Domestic Growth Amid Global Challenges

Seriously, folks, if you thought the retail world was wild, try telecom. Proximus Group just dropped its Q2 2025 earnings, and it’s like watching a detective drama where the hero (that’s Proximus, obviously) is solving the case of “How to grow in a tough market.” Spoiler: They’re nailing it domestically while the global scene’s throwing curveballs. Let’s break it down like a mall mole sniffing out the best thrift deals.

The Belgian Powerhouse

Proximus’ domestic market is straight-up crushing it. We’re talking service revenue and EBITDA growth year-over-year, which is basically the telecom equivalent of finding a designer jacket at Goodwill. The company snagged 36,000 new Mobile Postpaid cards in the Residential unit, proving they’re still the cool kids on the block. Meanwhile, the Business unit kept its Mobile Postpaid cards stable—no drama, just steady growth.

But here’s the real flex: Proximus has over 80% 5G coverage in Belgium and fiber reaching 45% of homes and businesses. That’s 2.4 million homes and businesses, people. They’re rolling out next-gen networks like it’s a Black Friday sale, and the best part? They’re not stopping. Proximus plans to keep this CAPEX party going with €1.3 billion until 2028, then dial it back. Smart move—build now, profit later.

Global Headwinds: The Plot Twist

Okay, so the domestic scene is all sunshine and rainbows, but the global segment? Not so much. Proximus is facing some serious headwinds overseas, which is dragging down the overall group performance. But here’s the kicker—they’re projecting a 20% growth in global EBITDA for the rest of 2025. That’s like saying, “Yeah, the economy’s rough, but we’re still gonna hit our targets.” Respect.

They’re also cutting costs like a savvy shopper with a coupon book. Every penny saved is a penny earned, right? And with a market cap of €2.8 billion and a 49.31% year-to-date return, investors are clearly buying into the Proximus story. InvestingPro even says they’re undervalued—so if you’re looking for a bargain, this might be your moment.

The Future’s Bright (With Fiber)

Proximus isn’t just sitting pretty on its domestic wins. They’re out here capturing market share in mobile and internet like it’s their job (because, well, it is). Competitive pricing, innovative services, and a strong brand? That’s the trifecta of telecom success.

Looking ahead, Proximus expects stable domestic revenue, which is basically the financial equivalent of a steady paycheck. They’re doubling down on innovation and customer satisfaction, which is always a good call. And with all those earnings call transcripts and investor presentations floating around, transparency is on their side.

The Verdict

So, what’s the takeaway? Proximus is like that one friend who’s always got their life together—domestic market thriving, global challenges notwithstanding, and a solid plan for the future. They’re investing big now to reap the rewards later, and investors seem to be on board.

Sure, there are challenges, but with a strong domestic foundation and a clear strategy, Proximus is positioning itself for long-term growth. If they keep this up, they might just solve the telecom mystery—and maybe even teach us a thing or two about budgeting. (Okay, maybe not the last part. Some mysteries remain unsolved.)

In short, Proximus is doing the damn thing. And if they can navigate this market, maybe we can all learn to spend a little smarter. Just saying.