Proximus Group reported total revenue of EUR 1,550 million for the third quarter of 2025, a decline of 5.4 percent year-on-year, mainly due to weaker performance in the Proximus Global unit. The Group’s EBITDA stood at EUR 475 million, down 1.0 percent compared to the same period last year.
The company’s domestic operations remained broadly stable, generating EUR 1,191 million in revenue for the quarter. In contrast, Proximus Wholesale saw an 11.8 percent revenue drop, largely attributed to a EUR 6 million reduction in interconnect revenue. Proximus Global recorded a 19.4 percent decline, with quarterly revenue at EUR 377 million.
Strong Customer Growth in Belgium
Proximus delivered solid customer additions in its domestic market. During Q3 2025, the operator added 41,000 residential mobile postpaid customers and 1,000 business postpaid cards. Broadband subscriptions increased by 12,000, and convergent bundles rose by the same amount.
Fiber continued to be a key growth driver, with 39,000 new active fiber lines added, bringing the total to 684,000. Fiber is now available to about 47 percent of Belgian streets, covering roughly 2.49 million homes.
ARPU and ARPC Show Continued Improvement
Proximus’ strategy of focusing on value over volume continued to deliver benefits. Group ARPC reached approximately EUR 58.5 in Q3 2025, up 1.2 percent year-on-year, supported by customer migration to convergent offers and inflation-linked price adjustments.
Convergent ARPC reached around EUR 90.5, reflecting 0.5 percent annual growth. Mobile postpaid ARPC from earlier 2025 data remained around EUR 59, up 2.2 percent year-on-year, signaling stable to slightly growing ARPU trends.
Capex and Fiber Rollout Progress
Proximus invested EUR 284 million in capital expenditure during the quarter, EUR 5 million less than Q3 2024. Year-to-date Capex stood at EUR 826 million, EUR 48 million lower than last year. The company attributed the reduction to improved efficiency in customer-related investments, increased self-installation rates, and the completion of major IT projects.
Fiber deployment remains a strategic focus, representing 29 percent of total Capex, up from 26 percent in 2024. Fiber rollout activities are ongoing in 175 Belgian cities and municipalities, reaching 2.49 million fiber-to-the-home (FttH) premises, equivalent to 41 percent population coverage. Including “fiber in the street,” coverage now approaches 47 percent. Proximus now expects full-year Capex of around EUR 1.25 billion, lower than earlier forecasts.
Strategic and Innovation Priorities
Proximus continues to evolve its commercial and operational model around premium, fiber-based convergent households. The operator is focusing on monetizing digital channels, enhancing AI-supported customer care, and simplifying its network to drive efficiency.
In its Global division, Proximus is rebalancing its product portfolio toward enterprise-grade digital platforms rather than legacy CPaaS SMS services. The group is also aligning its cross-market go-to-market approach and channeling capital toward scalable digital growth initiatives that deliver sustainable returns.
Overall, while revenue declined due to global headwinds, Proximus demonstrated resilience in domestic performance, steady ARPU growth, and strong fiber expansion—supporting its long-term digital transformation strategy.
Fasna Shabeer
