Digi H1 2026 presentation: EBITDA surges 19%, Spain IPO complete

Digi Communications reported strong first half of 2026 financial results on August 14, showcasing a 10% revenue increase to €1.2 billion and a notable 19% surge in EBITDA. The Spanish subsidiary, Digi Spain, successfully raised approximately €287 million through an IPO on July 16, 2026, with the company retaining 80% ownership post-transaction.

Total revenue-generating units (RGUs) rose to 34 million, a 14% year-over-year increase of 4.1 million units. In the second quarter of 2026, revenues and other income reached €612.8 million, while adjusted EBITDA excluding operating leases grew by 23% to €169.2 million, marking a significant improvement from previous quarters. The company's SMART fiber footprint in Spain expanded to cover 14.8 million buildings by June 30, 2026, with a substantial average deployment cost of €50.8 per building.

Digi Spain's strategic investments, particularly in SMART fiber and mobile network infrastructure, have positioned the company as the leading mobile operator in Romania. Revenue growth accelerated from 15% in full-year 2025 to 11% in Q2 2026, with capital expenditures reduced to 31% of revenues, indicating effective capital allocation towards growth initiatives.

The company remains focused on expanding its mobile and converged services, which led the RGU growth at 19% year-over-year to 17.3 million units, underpinned by robust customer acquisition across all markets.