Nova recorded a 3% increase in revenue to €886.6 million in 2025, from €860.8 million in 2024, according to the company’s annual financial statements published in the General Commercial Register (GEMI). Total revenue, including other income, came to €903.6 million, up 2.9% from €878.4 million the previous year.
Adjusted earnings before interest, tax, depreciation and amortisation after leases (Adjusted EBITDAaL) rose by 9.8% to €280.9 million, from €255.7 million the previous year. EBITDA came to €336 million, up from €314.2 million in 2024.
Net losses came to €31.2 million in 2025, compared with €47 million in 2024, while pre-tax losses stood at €31.6 million, against €44.7 million in the previous financial year.
Revenue growth was driven mainly by stronger mobile services, the expansion of ICT operations and an increase in advertising revenue.
Revenue from contract mobile services rose by 9.4% to €254.1 million, from €232.2 million in 2024. The increase was linked to growth in the contract customer base, which reached 1.5 million at the end of 2025, up 7.8%.
Revenue from digital transformation projects (ICT) came to €92.6 million, up 6.6% from €86.8 million in 2024. Advertising revenue rose by 43.9% to €31.3 million, mainly because of higher revenue from betting companies and the company’s participation in FIBA EuroBasket.
Investment of €249 million and fibre growth
Nova’s total capital expenditure came to €249.2 million in 2025, compared with €228.8 million in 2024, excluding spending on acquisitions and spectrum licence renewals.
Growth in fibre-to-the-home (FTTH) connections was particularly strong, with the customer base more than doubling to 247,200 subscribers, from 120,700 in 2024.
Meanwhile, United Fiber expanded its FTTH network coverage to more than 850,000 homes and businesses by the end of 2025.
In mobile, population coverage of the 5G network rose to 93.3%, from 87% the previous year, reaching 100% in Athens and 99.2% in Thessaloniki.
Fixed wireless access services (5G FWA) also grew, with revenue rising to €10.7 million from €3.3 million in 2024. The subscriber base nearly doubled to 66,100 customers, from 34,400 the previous year.
Finally, the number of customers taking mobile, fixed-line and TV services as a bundle (4Play) rose by 9% to 184,000, from 169,000 in 2024.