Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces its consolidated results for the second quarter 2026, including solid underlying EBITDAaL growth of 4% despite tougher comparables, driven by end-user service revenue growth and continued sharp cost control across all operations.

Highlights

• End-user service revenue of SEK 5.6 billion increased by 2% organically compared to Q2 2025 driven by growth across all operations.
• Total revenue of SEK 7.4 billion increased by 2% organically compared to Q2 2025.
• Underlying EBITDAaL of SEK 3.0 billion increased by 4% organically compared to Q2 2025 driven by end-user service revenue growth and continued sharp cost control across all operations.
• Q2 2026 profit after financial items (EBT) of SEK 1.5 (1.5) billion.
• Net profit from total operations of SEK 1.2 (1.2) billion and earnings per share of SEK 1.75 (1.72) in Q2 2026.
• Equity free cash flow of SEK 1.5 (1.6) billion in Q2 2026. Over the last twelve months, SEK 6.2 billion has been generated, equivalent to SEK 8.94 (8.02) per share.
• Full year 2026 guidance reiterated.
• Nicholas Högberg appointed President and CEO of Tele2, effective 1 July 2026.
• Partnership with Scaleway for a European sovereign cloud and AI offering in Sweden.
• Tele2 secures new spectrum to strengthen connectivity throughout Lithuania.
• Tele2 named one of the world’s most sustainable companies by Time Magazine, including being the most sustainable telco in the Nordics.

Comment from Nicholas Högberg, President and Group CEO of Tele2

“Adding our solid Q2 numbers to the books and closing the first half of the year, we conclude that we are well on track to reach our full year guidance. However, the second half of the year brings tough comparables, and external uncertainties remain.”

“The next phase is not about a new direction. Our focus is to further improve customer loyalty, drive sustainable growth, and make Tele2 even leaner and faster while maintaining strict cost discipline. In a market defined by fierce competition, the details decide who wins.”