NOS refinances EUR 380 million while NOS stock trades at EUR 5.21

Published on 10/21/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The refinancing covers four-, five- and six-year debt maturities. NOS stock costs EUR 5.21 on October 21, 2026 at Lang & Schwarz.

Debt structure and earnings dates

On September 30, 2026, NOS arranged EUR 380 million in refinancing.
Second-quarter 2026 revenue reached EUR 458.30 million and net income EUR 77.30 million.
NOS stock trades at EUR 5.21 at 11:22 a.m. CEST at Lang & Schwarz on October 21, 2026.

Schwarzweiß-Fotoreportage von Glasfaserverlegung in einer europäischen Stadtstraße — Schwarzweiß-Reportage zeigt Glasfaser-Verlegung als Sinnbild für NOS SGPS SA (PTZON0AM0006), portugiesischer Telekommunikationsausbau landesweit, Illustration mit AI erstellt.

NOS (PTZON0AM0006) stock was trading at EUR 5.21 at Lang & Schwarz on October 21, 2026 at 11:22 a.m. CEST. The Portuguese telecom group had arranged EUR 380 million in refinancing on September 30, 2026, extending debt maturities and linking the facilities to sustainability targets.

EUR 380 million extends maturities

According to Telecompaper on October 1, 2026, NOS concluded refinancing operations totaling EUR 380 million with Banco BPI, Caixa Geral de Depositos and Millennium bcp. The new debt instruments carry maturities of four, five and six years and replace existing credit lines.

Jornal de Negocios reported on September 30, 2026, that more than 90 percent of NOS debt would be linked to sustainability objectives. The same report cited a net debt-to-EBITDA ratio of 1.6 times as of June 30, 2026, below the company's reference level of about 2 times.

What does the refinancing change?

The transaction shifts the investor question from near-term funding access to the cost and duration of debt. Four-, five- and six-year maturities give NOS a longer repayment profile, while the sustainability-linked structure ties financing terms to performance indicators.

Profit growth precedes November results

NOS's second-quarter 2026 revenue was EUR 458.30 million, compared with EUR 460.20 million in the first quarter. Net income rose to EUR 77.30 million from EUR 61.80 million, an increase of 25.08 percent quarter over quarter. Simply Wall St reported on July 26, 2026, that second-quarter earnings per share reached EUR 0.15 versus EUR 0.11 in the second quarter of 2025, while revenue was flat year over year and net income increased 34 percent.

DECO Proteste lists November 3, 2026, as the date for NOS's third-quarter results. That release should provide the next quantified test of revenue stability, profitability and the effect of the updated financing structure.

Stock trades during the session

NOS shares are admitted to trading on Euronext Lisbon, according to the NOS investor page. The stock's market capitalization was EUR 2.7 billion on October 21, 2026, while the latest quarterly figures show a sharp profit comparison against the first quarter despite broadly stable revenue.

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