KPN continuously invests in its network, products and customers, resulting in high quality fixed and mobile networks and improved customer experience across all segments. KPN continues to focus on improving the customer experience further by investing in capacity, reliability and stability of its networks. KPN’s execution of its strategy and multi-year cash generation perspective enables the company to structurally return all additional capital to its shareholders.
For 2025, KPN intends to pay a full year regular dividend of € 0.182 cents per share (+7% y-on-y). The final regular dividend of € 0.109 per share is subject to shareholder approval at the Annual General Meeting of Shareholders on 15 April 2026. The provisional ex-dividend date is 17 April 2026, with payment expected on 27 April 2026.
Starting in 2026, approximately 80% of Free Cash Flow will be distributed as dividends. For 2026, KPN intends to pay a regular dividend of € 0.20 per share (+10% y-on-y) and execute a € 250m share buyback. For 2027, dividend per share is expected to further grow by approximately 25% y-on-y to € 0.25. This implies that for the years 2025-2027, Dividend Per Share is now expected to grow at a CAGR of ~14% vs. ~7% previously. The remaining Free Cash Flow will be returned via share buybacks, with a cumulative target of up to € 1bn over 2024-2027.
KPN remains committed to an investment grade credit profile and targets a leverage ratio of less than 2.5x.