NOS refinances EUR 380 million as NOS stock trades at EUR 5.20

Published on 10/20/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income rose 34.10 percent to EUR 77.50 million. NOS stock costs EUR 5.20 on October 20, 2026 within EUR 3.60 to EUR 5.71.

Refinancing and earnings dates

NOS announced EUR 380 million of refinancing on September 30, 2026.
Second-quarter net income rose 34.10 percent to EUR 77.50 million in 2026.
NOS stock trades at EUR 5.20 at 10:36 a.m. CEST at Lang & Schwarz on October 20, 2026.

Makroaufnahme leuchtender Glasfaserkabel-Stränge mit blauem Lichtschein im Dunkeln — Makroaufnahme leuchtender Glasfaserstränge veranschaulicht Netztechnik von NOS SGPS SA, ISIN PTZON0AM0006, Kabelnetzmarkt Portugal, Illustration mit AI erstellt.

NOS (PTZON0AM0006) is trading at EUR 5.20 at Lang & Schwarz on October 20, 2026, at 10:36 a.m. CEST. The latest company catalyst is a EUR 380 million refinancing announced on September 30, 2026, while second-quarter net income had risen 34.10 percent to EUR 77.50 million.

Liquidity gets a longer runway

According to Jornal de Negocios on September 30, 2026, NOS arranged EUR 380 million through Banco BPI, Caixa Geral de Depositos and Millennium bcp. The new debt instruments have maturities of four, five and six years, replacing existing credit lines.

The refinancing gives the telecom and media group a longer debt profile. The same report said net financial debt after leases stood at 1.60 times EBITDA on June 30, 2026, below the company's reference level of approximately 2.00 times.

What do the results mean for margins?

XTB reported on September 24, 2026, that second-quarter revenue was EUR 458.30 million, stable from the prior period, while EBITDA reached EUR 206.00 million, up 1.50 percent. Net income increased 34.10 percent to EUR 77.50 million.

The contrast between stable revenue and faster profit growth makes cost control the central operating question. XTB also reported that free cash flow rose 120.00 percent to EUR 83.30 million in the second quarter, while capital expenditure fell 8.20 percent. The next test is whether those efficiency gains persist when revenue growth remains limited.

Three dated stock events

On September 24, 2026, XTB highlighted the EUR 458.30 million second-quarter revenue figure and EUR 77.50 million net income. On September 30, 2026, NOS announced EUR 380 million of refinancing through three banks. On October 20, 2026, the Lang & Schwarz quote stood at EUR 5.20.

Next reporting date

DECO PROteste lists November 3, 2026 as the date for NOS third-quarter results. That release should provide the next quantified test of revenue, margins and cash generation.

Stock price and market value

NOS shares are admitted to trading on Euronext Lisbon, according to the company's investor-relations page. The company's market capitalization was EUR 2.7 billion as of October 20, 2026, while its quoted 52-week range was EUR 3.60 to EUR 5.71. At Lang & Schwarz, NOS stock was trading at EUR 5.20 on October 20, 2026 at 10:36 a.m. CEST.

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