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Orange Polska S.A. (PTTWF) Q1 2026 Earnings Call April 23, 2026 5:00 AM EDT

Company Participants

Leszek Iwaszko – Director of Investor Relations Department
Liudmila Climoc – CEO & President of Management Board
Jacek Kunicki – CFO, In Charge of Finance, Executive Director of Finance & Management Board Member

Conference Call Participants

Dawid Gorzynski – Biuro Maklerskie PKO Banku Polskiego, Research Division
Pawel Puchalski – Santander Brokerage Poland, Research Division
Ali Naqvi

Presentation

Leszek Iwaszko
Director of Investor Relations Department

Good morning. Thank you for standing by, and let me welcome you to Orange Polska conference call in which we will summarize our results in the first quarter of 2026. My name is Leszek Iwaszko, and I’m in charge of Investor Relations.

The format of the call will be a presentation by the management team followed by a Q&A session. Speakers for today will be our CEO, Liudmila Climoc; and CFO, Jacek Kunicki.

Let me now pass the floor to Liudmila to begin the presentation.

Liudmila Climoc
CEO & President of Management Board

Thank you, Leszek. Good morning, and welcome to our conference summarizing first quarter of 2026.

I will start with Slide 4. I’m very happy to report that we have started the year very well, both commercially and financially. Our commercial performance was solid as we achieved healthy growth of customer bases and ARPO across all subscription services. I’m particularly pleased that in the third quarter, Orange was a leader in mobile number portability. This is a big advantage [ to ] our competitors.

Moreover, in line with our balanced volume value approach, we uplifted prices for all our services in first quarter, which will fuel our growth for future.

It was also another good quarter for our wholesale operations. We generated a very solid 6% revenue growth despite the multiyear national roaming

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