Mobilezone (MOZN) investor relations material

Executive summary

• Net sales reached CHF 127.2 million in H1 2026, up 4.2% year-over-year, driven by organic growth and the acquisition of AK Group (Apfelkiste and MAREIN), strengthening e-commerce and recurring revenue streams.

• EBITDA increased to CHF 19.6 million from CHF 19.1 million, with margin improvement to 48.1%; adjusted EBITDA reached a record CHF 19.6 million.

• Acquisition of AK Group closed on 1 June 2026, contributing CHF 8.8 million in revenue for June and strengthening e-commerce and retail branding.

• MVNO postpaid subscriptions grew 10.6% to 243,100 as of June 2026; refurbished device sales (jusit) increased 19.8% to 12,700 units.

• Sale of the German business completed at end of 2025; all figures now reflect Swiss operations only.

Financial highlights

• Gross profit rose to CHF 61.2 million from CHF 56.2 million year-over-year, with margin up to 48.1%.

• Adjusted EBIT remained stable at CHF 15.7 million (margin 12.3%).

• Adjusted net income was CHF 12.8 million, down from CHF 13.8 million due to special effects.

• Net cash flow from operating activities increased to CHF 12.6 million.

• Net debt position of CHF 148.0 million as of 30 June 2026, up from net cash of CHF 66.5 million at end-2025; net debt/annualised pro forma EBITDA at 2.3x.

Outlook and guidance

• EBITDA guidance for 2026 is CHF 50.0–57.0 million, targeting CHF 70 million by 2028.

• MVNO postpaid subscriptions target raised to 260,000 for 2026.

• Dividend of at least CHF 0.90 per share planned annually through 2028.

• Net debt/EBITDA expected to remain below 2x by year-end 2026.