Business description: Proximus SA

Proximus SA is the leading telecommunications operator in Belgium. Net sales (including intragroup) break down by activity as follows:

- telecommunication services to individuals (39.6%): fixed telephony (773,000 installed lines at the end of 2025), mobile telephony (3.5 million prepaid and postpaid cards distributed), Internet access services (1.8 million subscribers), convergent services (1.2 million subscribers), etc. At the end of 2025, the Group had more than 2.8 million individual customers in Belgium;

- telecommunication services to enterprises (34.8%): fixed telephony (458,000 lines at the end of 2025), mobile telephony (1.8 million post-paid cards distributed), Internet access services and data transmission (445,000 subscribers). At the end of 2025, the Group had around 450,000 business customers in Belgium. Proximus SA also sells wholesale communication minutes to other operators located in Belgium;

- international services (24.9%; Proximus Global): telecommunications, authentication and digital identity services, and omni-channel services for businesses and international operators;

- other (1%).

Belgium accounts for 75.4% of net sales.

Number of employees: 12,790

Sales by Activity: Proximus SA

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Domestic (Group Excl. Communications & Data & P2P Voice & Messaging) - Residential

2.69B 2.24B 2.38B 2.48B 2.49B

P2p Voice & Messaging

- - - 598M 494M

Domestic (Group Excl. Communications & Data & P2P Voice & Messaging) - Wholesale

284M 280M 258M 253M 242M

Domestic (Group Excl. Communications & Data & P2P Voice & Messaging) - Other

4M 9M 32M 49M 61M

Belgacom International Carrier Services (BICS)

997M 1.13B 1.05B - -

Domestic (Group Excl. Communications & Data & P2P Voice & Messaging) - Business

1.35B 1.89B 1.94B 1.99B 1.95B

Communications & Data

- - - 1.15B 1.05B

Eliminations

-120M -166M -163M -134M -48M

Telesign

326M 473M 496M - -

Geographical breakdown of sales: Proximus SA

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Belgium

3.86B 3.91B 4.08B 4.22B 4.18B

Other Countries

1.68B 1.94B 1.91B 2.16B 2.07B

Executive Committee: Proximus SA

Manager TitleAgeSince
Chief Executive Officer 57 2025-08-31
Director of Finance/CFO - 2026-08-31
Chief Tech/Sci/R&D Officer 52 2021-03-31
Investor Relations Contact - 2007-12-31
Corporate Officer/Principal - 2023-07-31

Composition of the Board of Directors: Proximus SA

Director TitleAgeSince
Director/Board Member 55 2013-12-31
Director/Board Member 71 2014-12-31
Director/Board Member 66 2016-04-19
Director/Board Member 57 2019-04-16
Director/Board Member 51 2019-07-28
Director/Board Member 53 2021-12-31
Chairman 63 2026-04-14
Director/Board Member 65 2024-04-16
Director/Board Member 59 -
Director/Board Member 57 2026-04-14

Shareholders: Proximus SA

NameStocks%Valuation
Government of Belgium
53.51 %
180,887,569 53.51 % 1 334 M €
4.425 %
14,957,564 4.425 % 110 M €
Bankinter Gestión de Activos SA SGIIC
0.6021 %
2,035,085 0.6021 % 15 M €
Goldman Sachs Asset Management BV
0.5883 %
1,988,474 0.5883 % 15 M €
Zenito Oy
0.241 %
814,571 0.241 % 6 M €

Holdings: Proximus SA

NameStocks%Valuation
47,158,71374.85% 248 M $
14,957,5644.42% 110 M $

Company details: Proximus SA

Proximus SA

Boulevard du Roi Albert II, 27 B

1030, Brussels

+32 2 202 41 11

http://www.proximus.com
address Proximus SA(PROX)

Group companies: Proximus SA

NameCategory and Sector
Property/Casualty Insurance
Major Telecommunications
Packaged Software
Information Technology Services
2-Store Europe

Other Integrated Telecommunications Services

Change 5-day change 1-year change 3-year change Capi.($)
-2.24%-3.12%-20.70%-23.36% 2.21B
+0.13%+0.82%-5.98%+20.93% 223B
+0.24%-1.16%+4.62%+41.87% 191B
-0.15%-2.83%-10.13%+31.22% 142B
-0.76%-3.95%+10.08%-3.57% 88.91B
-.--%+2.04%-15.35%+14.67% 80.63B
-1.20%-1.81%-0.99%+25.78% 63.98B
0.00%-2.11%-3.04%+13.67% 56.83B
+0.70%-0.23%+4.13%+76.54% 54.33B
-2.12%-3.64%+12.53%+3.72% 51.28B
Average -0.56%-1.25%-2.48%+20.15% 95.43B
Weighted average by Cap. -0.22%-1.05%-1.73%+25.86%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
5.900EUR
Average target price
8.069EUR
Spread / Average Target
+36.77%

Quarterly revenue - Rate of surprise