Cellnex, Europe's largest mobile tower operator headquartered in Spain, reported on Friday a 7.1% increase in its adjusted EBITDA for 2025, as revenues climbed 5.8% to reach 4 billion euros (€4,720 million), fueled by strong market demand.

Analysts polled by LSEG had expected slightly higher revenues of 4.2 billion euros. Cellnex's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 3.3 billion euros were in line with expectations.

However, Cellnex posted a net loss twelve times greater, at 361 million euros, compared to 28 million euros in 2024, attributing this to the one-off impact of its reorganization plan in Spain, which included layoffs and impairments.

This figure exceeded analysts' expectations, who had forecast losses of 156 million euros.

(1 dollar = 0.8476 euros)

(Reporting by Joan Faus; editing by Emma Pinedo; Spanish edition by María Bayarri Cárdenas)