NOS Portugal reported a net profit of €62 million for the first quarter of 2026, a 4.7% increase from the previous year. This growth was achieved despite severe storms that damaged infrastructure across central Portugal, proving the company's resilience.
Cinema and IT Lead the Growth
The company's success was driven by two key sectors. First, NOS cinema revenue growth 2026 reached €24.7 million, a 7% increase. Blockbusters like Avatar: Fire and Ashes and Zootopia 2 drove ticket sales up by 12.1%, totaling 1.8 million admissions.
Second, the IT division saw a massive 16% jump in revenue to €54.4 million. Portuguese telecom financial results March 2026 highlight that businesses are rapidly adopting cloud services and cybersecurity. NOS CEO Miguel Almeida stated that internal AI integration is already creating "measurable operational efficiencies."
Infrastructure and Market Shifts
While telecom revenues remained flat at €389.8 million due to storm repairs, the company added over 223,000 new mobile services. According to the list of tech companies in Portugal, NOS is increasingly viewed as a diversified tech giant rather than a traditional carrier.
Furthermore, as the 5G network now covers 99.6% of the population, it is transforming how people work. In the search for top coworking spaces, professionals now prioritize the ultra-fast connectivity provided by NOS's latest generation fiber and 5G infrastructure. With debt decreasing by 2.5%, the company is well-positioned for continued digital expansion.
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