Combat climate change
Protect children online
Annual Report 2025 in brief
End-user service revenue of SEK 22,146 million increased by 2% compared to full year 2024 on an organic basis driven by growth across operations.
Total revenue of SEK 29,890 million increased by 2% compared to 2024 on an organic basis.
Underlying EBITDAaL of SEK 11,728 million increased by 11% organically compared to 2024 driven by sharp cost control and end-user service revenue growth across operations.
Operating profit of SEK 6,615 million increased by 14% compared to 2024.
Net profit from total operations of SEK 4,587 (3,870) million and earnings per share of SEK 6.62 (5.59).
The Board of Directors of Tele2 proposes a dividend of SEK 10.50 (6.35) per share, to be decided at the 2026 AGM.
Deep transformation successfully executed in record time, including a 15% reduction of our workforce.
Continued intense rollout of 5G networks across markets, and of gigabit fixed broadband upgrades in Sweden, enabling faster, more reliable and secure services to our customers.
Tele2 and Manulife IM-backed GCI partner creates the first pan-Baltic tower company.
Ranked as the most sustainable company in Sweden by Time Magazine, and as the top Climate Leader 2025 in Europe by the Financial Times.
Highlights 2025
Revenue
29,890 SEK million
Employees
3,866
Emissions
97% Scope 1 & 2 reduction since 2019
The standard we set in 2025 is the one we will be measured against going forward, and that is a challenge that my colleagues and I are more than willing to accept.
End-user service revenue
SEK million
Underlying EBITDAaL
SEK million
Tele2 has significantly outperformed both the European telecom sector and broader equity markets, reflecting renewed investor confidence in our strategy.
Operating profit
SEK million
Dividend paid
SEK per share
*Proposed dividend.
Our growth strategy
Sweden is our largest market, and we have a long history of innovation and challenging the status quo. With our strong brand portfolio and leadingedge fixed and mobile networks, our Sweden Consumer business is growing driven by mobile and fixed offers to the consumer.
Sustainability 2025
During 2025, we have set a clear ambition to be a challenger in sustainability. The digital world holds immense potential — connecting people, driving innovation, and enabling society to move faster, smarter, and more sustainably. At Tele2, we believe this potential must be used with purpose. By taking bold action and challenging the status quo in sustainability, we support our business unit strategies while creating new business opportunities. Our ambition is to deliver value with a win-win-win perspective for Tele2, our customers, and society at large.