Magyar Telekom stock reports Q2 revenue growth amid profit decline

Published on 10/07/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Magyar Telekom stock closed at HUF 2,572 on October 6, 2026, after a 0.23 percent decline. Q2 revenue rose 0.8 percent, while adjusted profit fell 1.5 percent.

Magyar Telekom, HU0000073507, Illustration mit AI erstellt.

Magyar Telekom stock (ISIN HU0000073507) closed at HUF 2,572 on the Budapest Stock Exchange on October 6, 2026, down 0.23 percent from the previous close. The latest company figures show revenue growth alongside lower profitability in the second quarter.

Q2 revenue edges higher

Magyar Telekom reported its consolidated second-quarter 2026 results on August 5, 2026. Revenue increased 0.8 percent year over year to HUF 243.3 billion, while EBITDA declined 0.8 percent to HUF 108.4 billion.

The profit line was weaker than sales. Adjusted net income attributable to the group shareholders fell 1.5 percent year over year to HUF 55.0 billion in Q2 2026, according to Világgazdaság.

Guidance keeps cash flow central

Management maintained its 2026 financial targets after the Q2 release. The company expects low single-digit revenue growth, medium single-digit EBITDA AL growth and adjusted net income 10 percent above the prior-year level.

Free cash flow is targeted at least at the 2025 level of HUF 200.0 billion. That combination makes cash generation and shareholder distributions important reference points after the HUF 154 per share dividend paid for business year 2025.

HSBC lifts its price target

HSBC raised its Magyar Telekom target from HUF 2,250 to HUF 3,140 and changed its rating from Hold to Buy in the September 2026 analyst update reported by Világgazdaság. The new target lies 22.1 percent above the October 6 closing price.

The same report put the analyst median target at HUF 2,923, based on seven brokers, with four Buy ratings and three Hold ratings. The median target lies 13.6 percent above the latest close, leaving the market focused on whether earnings growth can convert into the cash flow expected for 2026.

Stock closes at HUF 2,572

Magyar Telekom stock closed at HUF 2,572 on the Budapest Stock Exchange on October 6, 2026, with a daily loss of 0.23 percent. The quote remains the clearest near-term market signal while the Q3 reporting date approaches.