Spain's Telefonica core profit growth accelerates in Q4

Telefonica SA

24/02/2026 06:41

MADRID, Feb 24 (Reuters) - Spanish telecoms giant Telefonica TEF.MC said on Tuesday its core profit growth picked up pace in the fourth quarter, allowing the company to meet its annual targets thanks to strong performances in the core markets of Brazil and Spain.

Adjusted earnings before interest, taxes, depreciation and amortisation from continuing operations rose 2.8% in the quarter to 3.2 billion euros ($3.77 billion) from the same period a year earlier.

However, the company posted a net loss of 4.15 billion euros for the full year due to one-offs including the disposal of units in Latin America, a voluntary redundancy programme in Spain and an impairment in Britain.

 ($1 = 0.8490 euros)

 (Reporting by David Latona; Editing by Himani Sarkar)

 ((david.latona@thomsonreuters.com; +34 918 35 68 13;))