Cellnex stock: Q3 cash flow doubles as EIB backs 5G rollout

Published on 11/07/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cellnex stock heads into the weekend after stronger nine-month cash generation and new 5G financing. The company also maintained its 2026 outlook.

Results and financing shape week

Cellnex reported higher revenue and adjusted EBITDA for the first nine months of 2026.
Free cash flow more than doubled, while an EIB loan supports mobile infrastructure investment across four European markets.

Cellnex, ES0105066007, Illustration mit AI erstellt.

Cellnex reported stronger operating performance in the first nine months of 2026, while securing fresh financing for mobile infrastructure. The results were released after the market close on Thursday, November 5, and were covered by El Confidencial.

Operating progress gains attention

Revenue excluding pass-through costs rose 2.4 percent year on year to 3.008 billion euros in the nine months through September. Adjusted EBITDA increased 4.6 percent to 2.549 billion euros, while Cellnex reduced its net loss by 16 percent to 219 million euros.

Free cash flow reached 474 million euros, more than double the 186 million euros recorded in the comparable period of 2025. Comparable operating expenses fell 4.4 percent despite the addition of about 2,900 towers, supporting the company’s efficiency drive.

Financing supports network expansion

On November 3, the European Investment Bank and Cellnex signed a 375 million euro loan for 5G infrastructure in Spain, France, Italy and Portugal. The financing is intended to help mobilize total investment of 770 million euros for new sites, upgrades and shared network capacity, according to Cellnex.

Cellnex maintained its 2026 outlook, including revenue excluding pass-through costs of 4.075 billion to 4.175 billion euros, adjusted EBITDA of 3.425 billion to 3.525 billion euros and reported free cash flow of 600 million to 700 million euros. Net debt stood at 21.044 billion euros at September 30, while the net debt-to-adjusted EBITDA ratio was 6.13 times.

Cellnex stock traded at 26.56 euros on Lang & Schwarz at 11:14 CET on Saturday, November 7, 2026.

Investors can follow the real-time quote of Cellnex stock for the latest trading indication.