Ecotel, a Germany-based telecommunications provider, recorded revenue of EUR 124.20 million for 2025, an increase of 8% compared with the prior year and above the analyst estimate of EUR 121.70 million, the company said in a press release.
The revenue improvement occurred despite challenging market conditions and was supported by a combination of large-scale projects and robust demand for cloud and fiber services within the business-customer segment. The wholesale business also helped lift top-line performance, reflecting cross-network trading of voice minutes and favorable trends in marketing data lines.
Profitability and cash flow
Operating EBITDA declined during the period, a shortfall the company attributed to lower revenues from internet resource sales. That decline led Ecotel to miss its operating EBITDA target for the year. Despite the operating EBITDA weakness, adjusted net income for 2025 was higher than in the prior year. Free cash flow for the fiscal year totaled EUR 2.40 million.
Capital allocation and outlook
Ecotel will not distribute a dividend for 2025. The company said the decision is intended to strengthen its financial position and to support ongoing growth initiatives.
For 2026, Ecotel expects operating EBITDA in a range between EUR 8 million and EUR 9 million. Consolidated net income is forecast to be around EUR 2 million. The company reiterated that it plans to recommend no dividend for 2025 to preserve financial stability and back its growth plans.
Contextual notes
The company highlighted that the top-line momentum was concentrated in business-facing offerings - particularly cloud and fiber - and was complemented by wholesale activities such as voice-minute trading and developments in marketing data lines. Offsetting those positives, revenue from internet resource sales was weaker, contributing to the operating EBITDA shortfall.
The figures reported include the specific metrics cited by the company: the 8% year-over-year revenue increase to EUR 124.20 million, the analyst estimate of EUR 121.70 million, free cash flow of EUR 2.40 million, and the 2026 operating EBITDA and consolidated net income guidance ranges.