Strategic plans for Proximus Domestic and Proximus Global: Amplify and Elevate

In the Domestic segment, Proximus is in great shape, maintaining its leading position in an increasingly competitive market. Going forward, the aim of the Amplify strategic plan is to double down on these strengths and consolidate telco leadership in B2C, while achieving profitable IT growth in B2B through the best network, products and services.

On infrastructure level, Proximus intends to enable and own gigabit access, leading to a rationalised fiber roll-out Capex, optimizing network utilization and allowing for faster copper decommissioning. Furthermore, Proximus will focus on strengthening its mobile leadership, transforming network operations with AI to boost efficiency and customer experience, as well as offering software‑defined capabilities and edge infrastructure.

Finally, Proximus will reimagine its way of working and focus on efficiency through simplification and AI, driving workload reductions. This will be proactively managed through strategic workforce planning and by capitalizing upon natural attrition and retirements, enabling a controlled and gradual workforce reduction without social disruption. Proximus continues its commitment to sustainable employability and competitiveness of the workforce by investing substantially in re- and upskilling, supporting internal mobility.

The Elevate 2030 strategic plan for Proximus Global aims to leverage the strengths of the BICS, Telesign and Route Mobile brands to be the worldwide leader in connectivity, empower brands to orchestrate seamless customer engagements and be the trust champion for secure digital interactions. The plan focuses on capturing the strong growth potential in Omnichannel & Digital Identity, pioneering in the monetization of Network APIs, improving governance and execution while creating optionality for value crystallization.

Proximus Group announces today the following financial ambitions for the 2026-2028 period^[1]:

For the 3-year period 2026-2028, Proximus targets a CAGR of 1% for Domestic Services revenues, while keeping the Domestic EBITDA broadly stable. Proximus reiterates its ambition to return to EBITDA growth by 2027 for its Global division. Over 2026 and 2027, Proximus' FCF will reflect Global undergoing a transformation and beginning its recovery, while domestic Capex will be close to EUR 1.2 billion by 2028. The organic FCF will gradually improve from 2026 onwards, while Proximus intends to stay below the 3.0x net debt/EBITDA level (S&P definition).

Financial ambitions by 2030

As the Proximus fiber rollout will be nearly completed by 2030, capex is expected to fall below EUR 1 billion. This will drive a significant increase in organic FCF, expected to be around EUR 400 million by 2030.

Shareholder remuneration

Proximus Group plans to maintain an attractive dividend return for its shareholders, consistent with future FCF, ensuring a sound balance sheet and enabling room for value-accretive business initiatives.

As a result, Proximus intends to return a gross dividend of EUR 0.30 per share over the result of 2026, EUR 0.40 per share over the result of 2027 and EUR 0.50 per share over the result of 2028. Dividends will be payable in a single instalment, post approval by the Annual General Meeting.

The shareholder remuneration policy relies on assumptions about future business and market evolutions and may change if unexpected risks or external events occur. Each year, the proposed dividend is reviewed and presented to the Board of Directors, including confirming appropriate levels of distributable reserves.

Financial ambitions

The CMD presentation is available on the Investor Relations pages.