NOS refinanced EUR 380 million. NOS stock had EUR 2.7 billion value proving financial scale.

Published on 10/19/2026 at 09:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 458.30 million and net income EUR 77.50 million. NOS stock had a EUR 2.7 billion market value on October 16, 2026.

Financing and operating milestones

NOS refinanced EUR 380 million on September 30, 2026.
Second-quarter 2026 revenue reached EUR 458.30 million and net income rose 34.10 percent.
NOS is expected to publish third-quarter 2026 results in November 2026.
NOS had a EUR 2.7 billion market value as of October 16, 2026.

Aquarellmalerei der Skyline von Lissabon mit Tejo-Fluss und Brücke bei Sonnenuntergang — Aquarellansicht von Lissabon illustriert Heimatmarkt von NOS SGPS SA, ISIN PTZON0AM0006, im portugiesischen Telekommunikationssektor, Illustration mit AI erstellt.

NOS (ISIN PTZON0AM0006) had refinanced EUR 380 million by September 30, 2026, while second-quarter net income reached EUR 77.50 million, up 34.10 percent. The refinancing and improving profitability give investors two concrete measures of the Portuguese telecommunications group's financial position.

Debt maturity moves further out

According to Jornal Economico on September 30, 2026, NOS concluded EUR 380 million of refinancing with Banco BPI, Caixa Geral de Depositos and Banco Comercial Portugues. The new debt instruments have maturities of four, five and six years, replacing existing financing.

The same report said that more than 90 percent of NOS debt would be linked to sustainability objectives after the transactions. Net debt stood at 1.60 times EBITDA on June 30, 2026, below the company's reference level of about two times, according to the report.

What did the second quarter deliver?

XTB reported on September 24, 2026 that second-quarter revenue was EUR 458.30 million, stable year over year, while EBITDA reached EUR 206.00 million, up 1.50 percent. Net income rose 34.10 percent to EUR 77.50 million, creating a wider gap between top-line growth and earnings growth.

The operating detail was similarly focused on efficiency. XTB said free cash flow increased 120.00 percent to EUR 83.30 million in the second quarter, while capital expenditure fell 8.20 percent. The company also had 5.70 million homes covered by its fiber network and added more than 72,000 contracted mobile customers during the quarter.

Next reporting date approaches

The next substantiated reporting window is November 2026, when NOS is expected to publish third-quarter results, according to XTB. That release should show whether lower investment and operating costs continue to support cash generation while revenue remains stable.

Market value and trading context

NOS had a market capitalization of EUR 2.7 billion as of October 16, 2026. Its 52-week range was EUR 3.60 to EUR 5.71, placing the company in a market context where earnings quality and debt costs matter alongside subscriber growth.

The further course of trading is shown by the continuously updated real-time quote of NOS stock.