The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, and Interim Report for 6 months’ period ended 30 June 2022.

Second quarter of 2022 (compared with the same period a year ago):
- Revenue increased by 8.9 per cent and amounted to EUR 110.7 million (EUR 101.6 million).
- EBITDA (excl. non-recurring items) went up by 10 per cent to EUR 37.5 million (EUR 34.1 million).
- EBITDA increased by 10.3 per cent and amounted to EUR 37.5 million (EUR 34 million).
- Profit for the period grew by 14.5 per cent to EUR 14.1 million (EUR 12.3 million).

First half of 2022 (compared with the same period a year ago):
- Revenue was up 6.8 per cent and amounted to EUR 214.9 million (EUR 201.3 million).
- EBITDA (excl. non-recurring items) went up by 7.4 per cent to EUR 73.1 million (EUR 68 million).
- EBITDA increased by 6.4 per cent and amounted to EUR 73.2 million (EUR 68.8 million).
- Profit for the period went up by 3.5 per cent to EUR 26.3 million (EUR 25.4 million).
- Free cash flow increased by 11.2 per cent and amounted to EUR 36.3 million (EUR 34.8 million).

Management comment:
Before entering into a new era of 5G network rollout, the Company continued the largest investment project in its history. By the end of June, more than half of Telia Lietuva’s mobile network – 925 base stations had already been upgraded with Ericsson equipment, that support all mobile technologies, including 5G. During the six months of 2022 investments into mobile infrastructure amounted to EUR 10.6 million and were one fifth higher than a year ago. According to the latest data of the Communications Regulatory Authority, the average data download speed in Telia Lietuva’s 4G mobile network is 143.1 Mbps, the fastest in Lithuania.

Telia Lietuva was the first to offer to business customers fiber-optic Internet of up to 2 Gbps speed. Higher speed Internet initially is available to business customers in Vilnius, Kaunas, Panevėžys, Alytus and Palanga.

We continued to ensure reliable and cheap communication with Ukraine. In April, all communication services to Ukraine were provided with 80 per cent discount, while from May thanks to joint efforts of European operators mobile calls to Ukraine are provided 4 times cheaper than standard rates, while mobile data even below EU pricing. The war in Ukraine also revealed an importance of cyber security. An impact of the war in Ukraine and imposed by EU and U.S.A. sanctions so far is not significant to the financials of the Company.