NOS refinanced EUR 380 million and NOS stock sits 9.46 percent below its high

Published on 10/12/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOS reported EUR 458.30 million revenue in the second quarter. NOS stock costs EUR 5.17 on October 12, 2026, 9.46 percent below EUR 5.71.

Key points in brief

NOS completed EUR 380 million of refinancing on September 30, 2026, with maturities of four, five and six years.
Second-quarter 2026 revenue was EUR 458.30 million, while net income rose 34.10 percent to EUR 77.50 million.
The Lang & Schwarz price was EUR 5.17 on October 12, 2026, placing NOS stock 9.46 percent below its EUR 5.71 52-week high.
NOS is scheduled to report third-quarter 2026 results on November 3, 2026.

Bauhaus-Poster mit geometrischen Formen, Sendemast und Schriftzug Telecom in Rot-Blau — Bauhaus-Poster mit Sendemast symbolisiert Sektor von NOS SGPS SA, ISIN PTZON0AM0006, künstlerisch reduziert dargestellt, Illustration mit AI erstellt.

NOS (ISIN PTZON0AM0006) was trading at EUR 5.17 at Lang & Schwarz on October 12, 2026 at 10:03 a.m. CEST, placing the stock 9.46 percent below its EUR 5.71 52-week high. The company had refinanced EUR 380 million on September 30, 2026, through new debt instruments with maturities of four, five and six years, according to Jornal Economico.

Refinancing extends debt maturities

The refinancing replaced existing credit lines arranged with Banco BPI, Caixa Geral de Depositos and Millennium bcp. The new facilities extended across four, five and six years, while more than 90.00 percent of NOS contracted debt became linked to sustainability objectives, Jornal de Negocios reported.

The same report placed net financial debt after leases at 1.60 times EBITDA on June 30, 2026, below the company policy reference of 2.00 times. For investors, the refinancing matters because its stated purpose is to lengthen average debt maturity and support liquidity.

What do the results mean for margins?

NOS generated EUR 458.30 million of revenue in the second quarter of 2026, while EBITDA reached EUR 206.00 million and net income rose 34.10 percent to EUR 77.50 million, according to XTB on September 24, 2026. Revenue was stable while net income grew, making cost control and cash generation central to the next results cycle.

Three dated milestones for NOS

On September 24, 2026, XTB highlighted second-quarter revenue of EUR 458.30 million and net income growth of 34.10 percent. On September 30, 2026, NOS completed EUR 380 million of refinancing with four, five and six-year maturities, according to Jornal Economico. On October 12, 2026, the Lang & Schwarz price stood at EUR 5.17, versus the EUR 5.71 52-week high.

Next reporting date is November 3

NOS is scheduled to publish third-quarter 2026 results on November 3, 2026, according to DECO PROteste. That report will test whether the second-quarter pattern of stable revenue and faster net income growth continued.

Stock remains below its yearly high

The latest Lang & Schwarz quote was EUR 5.17 on October 12, 2026 at 10:03 a.m. CEST. The price was 9.46 percent below the EUR 5.71 52-week high, while market capitalization stood at EUR 2.6 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of NOS stock.