Belgian telecommunications company providing mobile, internet, television, and ICT services to residential and enterprise customers.
Profile & Fundamentals
Proximus: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Proximus Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Proximus PLC provides connectivity, IT, and digital services and communication services in Belgium and internationally. The company offers telecom products and services; mobile and internet-at-home fixed and mobile telephony, internet, and television services to residential customers and small businesses. It also provides live TV, streaming, and on-demand video services; video consultation services for patients and healthcare professionals; artificial intelligence (AI), mixed reality, and cloudification; ICT infrastructure, cloud, fintech solutions, cybersecurity, enterprise applications, managed services, and telecom services; networking, cloud, cybersecurity, and data and AI services; and cybersecurity and intelligence solutions to protect enterprises against cyberattacks. In addition, the company designs, builds, and manages data-driven cloud solutions; offers Infrastructure as a Service, cybersecurity, and digital workplace solutions; and wholesale connectivity, interoperability, fraud prevention, managed services, and global IoT connectivity solutions. Further, it provides digital identity services, international delivery authentication, and programmable communication solutions; Communications Platform as a Service solutions; messaging apps, email, and voice solutions, and chatbots and AI-driven interaction; consultancy, implementation, and managed services; and content creation, editing, broadcasting, and live production. It offers its products and services under Proximus, Scarlet, Mobile Vikings, Proximus+, Proximus NXT, Pickx, Doktr, Proximus NXT IT, Codit, ClearMedia, Davinsi Labs, Proximus Global, Telesign, Route Mobile, Proximus Ada, Clarence, Fiberklaar, Unifiber, GoFiber, MWingz, Proximus Real Estate, Proximus Media House, and Tango brands. The company was formerly known as Belgacom SA and changed its name to Proximus PLC in June 2015. The company was founded in 1930 and is headquartered in Brussels, Belgium.
Company profile record
Proximus NV
Common Stock · Communication Services · Integrated Telecommunication Services
Company
- Company / asset
- Proximus NV
- Security type
- Common Stock
- Sector
- Communication Services
- Industry
- Integrated Telecommunication Services
- HQ
- 🇧🇪 Belgium
- Head office
- Boulevard du Roi Albert II, Brussels, Belgium, 1030
Leadership & scale
- Chief executive
- Mr. Stijn Bijnens
- CEO year born
- 1969
- Full-time employees
- 12.8K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- EUR 1.9B
- P/E
- 5.2x
- Revenue (Q2 26)
- EUR 1.5B
- Profit (Q2 26)
- EUR 154.0M
- Dividend Yield
- 7.1%
- Revenue (FY 25)
- EUR 6.2B
- Shares in public float
- 142M
- Insider ownership
- 58.63%
Reporting & identifiers
- Symbol
- PROX.BRU
- Listing
- 🇧🇪 Belgium | Dividend Tax: 30%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- BE0003810273
- Asset ID
- equity_824befe3-bb5e-5471-bf51-57eae9d98338
Ownership
Shares Outstanding
Latest: 322.8M | Max: 323.1M | Min: 322.4M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
44.01%
142.0M latest reported shares
Insider Ownership
58.63%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 322,702,800 |
| 2018-01-01 | 322,737,500 |
| 2019-01-01 | 323,055,300 |
| 2020-01-01 | 322,657,800 |
| 2021-01-01 | 322,731,600 |
| 2022-01-01 | 322,392,300 |
| 2023-01-01 | 322,548,700 |
| 2024-01-01 | 322,728,700 |
| 2025-01-01 | 323,078,000 |
| 2026-01-01 | 322,755,100 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Proximus's financial results show a clear split between its resilient domestic telecom business and its struggling international digital segment. For fiscal 2025, group revenue contracted 2.0% to 6.25 billion euros, while net income declined to 398 million euros under heavy depreciation charges of 1.32 billion euros. However, domestic Belgian operations stabilized in early 2026, delivering 1.1% quarterly revenue growth as inflation-linked price increases and fiber customer additions absorbed legacy voice declines. In contrast, the international Proximus Global division suffered a 34.9% EBITDA drop in the second quarter of 2026, driven by a structural decline in SMS authentication traffic. Reported net income obscures this reality because non-cash depreciation reflects past investments rather than current operational cash burn. The domestic core generates strong, predictable cash flows that will anchor future financial recovery once international messaging stabilizes.
Proximus's financial results show a clear split between its resilient domestic telecom business and its struggling international digital segment. For fiscal 2025, group revenue contracted 2.0% to 6.25 billion euros, while net income declined to 398 million euros under heavy depreciation charges of 1.32 billion euros. However, domestic Belgian operations stabilized in early 2026, delivering 1.1% quarterly revenue growth as inflation-linked price increases and fiber customer additions absorbed legacy voice declines. In contrast, the international Proximus Global division suffered a 34.9% EBITDA drop in the second quarter of 2026, driven by a structural decline in SMS authentication traffic. Reported net income obscures this reality because non-cash depreciation reflects past investments rather than current operational cash burn. The domestic core generates strong, predictable cash flows that will anchor future financial recovery once international messaging stabilizes.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 6.2B | Max: EUR 6.4B | Min: EUR 128.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 6x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profit margins narrowed from nearly 15% in 2020 to 8.87% in 2025. This margin squeeze stems from mandatory Belgian wage indexation, dual-running costs of maintaining legacy copper alongside new fiber lines, and the rapid revenue growth of lower-margin international messaging traffic. Net margins settled near 6.37% as rising interest expenses and heavy depreciation charges weighed on bottom-line results. Importantly, this margin compression represents an operational transition rather than terminal decay. Core domestic operations maintain healthy gross margins above 60% and stable EBITDA margins near 38%, supported by automatic consumer price indexation. As customers migrate to energy-efficient fiber and obsolete copper networks are decommissioned, operating cost reductions will expand domestic margins, counteracting promotional discounting from incoming low-cost competitors.
Operating profit margins narrowed from nearly 15% in 2020 to 8.87% in 2025. This margin squeeze stems from mandatory Belgian wage indexation, dual-running costs of maintaining legacy copper alongside new fiber lines, and the rapid revenue growth of lower-margin international messaging traffic. Net margins settled near 6.37% as rising interest expenses and heavy depreciation charges weighed on bottom-line results. Importantly, this margin compression represents an operational transition rather than terminal decay. Core domestic operations maintain healthy gross margins above 60% and stable EBITDA margins near 38%, supported by automatic consumer price indexation. As customers migrate to energy-efficient fiber and obsolete copper networks are decommissioned, operating cost reductions will expand domestic margins, counteracting promotional discounting from incoming low-cost competitors.
Profitability Margins
Latest: 20.5% | Max: 65.1% | Min: 6.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
20.5%
Gross profit / revenue
Operating Margin
8.9%
Operating income / revenue
Net Margin
6.4%
Net income / revenue
FCF Margin
4.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 6,178,740,000 | 554,380,000 | 592,540,000 |
| 2017-12-31 | 6,829,410,000 | 621,180,000 | 572,390,000 |
| 2018-12-31 | 6,570,960,000 | 579,120,000 | 523,260,000 |
| 2019-12-31 | 6,314,560,000 | 417,760,000 | 631,680,000 |
| 2020-12-31 | 6,640,460,000 | 688,080,000 | 519,720,000 |
| 2021-12-31 | 6,312,180,000 | 505,020,000 | 551,760,000 |
| 2022-12-31 | 6,262,710,000 | 481,500,000 | 295,320,000 |
| 2023-12-31 | 6,592,300,000 | 392,700,000 | 183,700,000 |
| 2024-12-31 | 6,631,040,000 | 464,880,000 | 133,120,000 |
| 2025-12-31 | 7,310,160,000 | 465,660,000 | 311,220,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 5.75 | Trailing four quarters |
| 2024-12-31 | 3.63 | Trailing four quarters |
| 2023-12-31 | 7.67 | Trailing four quarters |
| 2022-12-31 | 6.45 | Annual net income |
| 2021-12-31 | 12.49 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 61.54 | 14 | 8.97 | 9.59 |
| 2017-12-31 | 62.26 | 14.1 | 9.1 | 8.38 |
| 2018-12-31 | 63.12 | 13.5 | 8.81 | 7.96 |
| 2019-12-31 | 64.21 | 9.86 | 6.62 | 10 |
| 2020-12-31 | 65.07 | 14.79 | 10.36 | 7.83 |
| 2021-12-31 | 63.93 | 11.65 | 8 | 8.74 |
| 2022-12-31 | 62.65 | 11.05 | 7.69 | 4.72 |
| 2023-12-31 | 21.14 | 10.03 | 5.96 | 2.79 |
| 2024-12-31 | 62.92 | 10.84 | 7.01 | 2.01 |
| 2025-12-31 | 20.53 | 8.87 | 6.37 | 4.26 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-15.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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