** Shares of Polish telecom operator Orange Polska OPL.WA rise 3.8% after posting a better-than-expected fourth quarter core profit, a dividend hike, and issued 2026 guidance
** The company reported a fourth quarter core profit of 861 million zlotys on Wednesday, above the 843 million estimated by analysts in a Reuters poll, and proposed a dividend of 0.61 zloty per share
** Erste Group analyst Nora Varga-Nagy cites "outstanding performance in the wholesale segment" as a key factor in the company's strong results
** On the payout, Nagy said the proposal represents a dividend yield of 5% based on the previous closing price, topping Erste Group's estimate of 0.58 zloty per share
** "From the guidance for 2026, we see the expected mid-single-digit growth of EBITDAaL and improving OCF y/y to the positive side," she added
** As of 08:40 GMT shares of the company were rising 3.8% to their highest price since January 2013, making them the top gainer in Poland's blue-chip WIG20 .WIG20 index
($1 = 3.5639 zlotys)
(Reporting by Rafal Nowak)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))