Croatian Telecom (Reuters: HT.ZA; Bloomberg: HT CZ), Croatia’s leading telecommunications provider, in accordance with the Rules of the Zagreb Stock Exchange announces its audited integrated Annual Report and the proposal for the utilization of profit for the year 2025.
At its session held yesterday, the Supervisory Board of Croatian Telecom Inc. gave its approval to the audited integrated Annual Report for the business year 2025, consisting of audited annual financial statements of the Company and consolidated financial statements of the HT Group, audited Sustainability Report and the Management Report, and informed the Management Board about its approval. In accordance with Article 300d of the Companies Act and Article 31 of the Articles of Association of Croatian Telecom Inc., the financial statements are deemed adopted by the Management Board and the Supervisory Board and they will be referred to the General Assembly.
The Management Board and the Supervisory Board of Croatian Telecom Inc. propose to the General Assembly of the Company the distribution of the net profit from 2025 in such a manner that a part of net profit in the amount of EUR 129,122,971.25 shall be paid out as dividend to shareholders, in the amount of EUR 1.69 per share, and the remainder of net profit in the amount of EUR 9,985,953.08 shall be allocated to retained earnings.
The amount of EUR 1.69 per share represents a ratio of the dividend payment in relation to the realized profit of the Company of 92.8% and growth of 3.0% compared to the previous year. With respect to the last share price achieved yesterday amounting to EUR 39.90, this represents a dividend yield of 4.2%.
In line with the published financial calendar, the General Assembly is planned to be convoked for 7 May 2026. In line with the proposal, aforementioned dividend is planned to be paid out on 3 July 2026 to all shareholders who are entered in the depository of the Central Depositary & Clearing Company (SKDD) on 5 June 2026 (record date). The date on which the securities of Croatian Telecom Inc. would be traded without the dividend payment right is 3 June 2026 (ex-date).
Management Board currently expects a minimum dividend of EUR 1.00 per share for the year 2026. The Management Board will monitor the movements of parameters that could influence the dividend amount and propose accordingly.