La compañía remite presentación sobre sus resultados del primer semestre del 2026

Investor Presentation

Preliminary financial results for the period ended June 30, 2026 August 13th, 2026

Disclaimer

2Byattending themeeting where thispresentation ismade, orbyreading thepresentation slides, youagree tobebound bythefollowing limitations :

Theinformation inthisdocument hasbeen prepared byDigi Spain Telecom SA,(the"Company“ or“DIGI Spain ”)andsolely foruseduring thepresentation oftheresults forthefirsthalfof2026 .

This presentation hasbeen made toyousolely foryour information andbackground .Theinformation andanyopinions andstatements contained inthisdocument have notbeen verified byindependent third parties and, therefore, norepresentation orwarranty, whether implied orexpress, isgiven astotheimpartiality, accuracy, completeness orcorrectness oftheinformation oroftheopinions andstatements expressed herein andissubject toupdate, completion, revision andamendment andmay change materially ;consequently, itscontent should notberelied upon under anycircumstances .Noperson isunder any obligation toupdate orkeep current theinformation contained inthepresentation andthese materials, andanyopinions expressed inrelation thereto, aresubject tochange without notice .

Theindustry, market andcompetitive position data contained inthispresentation come from third party industry publications, studies andsurveys believed tobereliable .However, there isnoguarantee ofthe accuracy orcompleteness ofsuch data.

This presentation does notpurport tobecomprehensive ortocontain alloftheinformation thataninvestor may require forafullanalysis ofthematters referred toherein .Norepresentation orwarranty (whether express orimplied) isgiven inrespect ofanyinformation inthispresentation orthatthispresentation issuitable fortherecipient’s purposes .Anyrecipient hereof should seek itsown legal, accounting andother relevant professional advice .Anyliability, including inrespect ofdirect, indirect orconsequential lossordamage, oftheCompany (oranyofitsaffiliates orcontrolling persons) relating totheinformation contained within thispresentation isexpressly excluded .

This presentation includes statements, estimates, opinions andprojections with respect toanticipated future performance oftheCompany .Such forward -looking statements reflect current expectations based on thecurrent business plan andvarious other assumptions andinvolve significant risks anduncertainties including, butnotlimited to,those discussed intheprospectus registered with, andapproved by,theSpanish National Securities Market Commission (Comisión Nacional delMercado deValores or“CNMV”) onJuly 9,2026 inrelation totheCompany’s initial public offering (the“IPO Prospectus”), andshould notberead asguarantees offuture performance orresults andwillnotnecessarily beaccurate indications ofwhether ornotsuch results willbeachieved .Such forward -looking statements only speak asatthedate ofthis presentation andtheCompany isnotunder anyobligation toupdate orrevise such forward -looking statements toreflect new events orcircumstances .

This presentation contains certain non-IFRS financial measures oftheCompany constituting alternative performance measures (APMs) asdefined intheEuropean Securities andMarkets Authority Guidelines on Alternative Performance Measures dated October 5,2015 .These supplemental measures should notbeviewed inisolation orasalternatives tomeasures oftheCompany’s financial condition, results of operations orcash flows aspresented inaccordance withIFRS initsconsolidated financial statements .Please refer totheIPOProspectus andtheunaudited consolidated interim financial report asofandforthe three -month period ended 30June 2026 published concurrently withthispresentation foradefinition ofthese APMs andareconciliation thereof withtheinformation derived from such financial information .Finally, youshould bear inmind thatthemeasures used inthispresentation have notbeen audited .

Thedelivery ofthispresentation does notimply thattheinformation herein iscorrect asatanytime subsequent tothedate hereof andtheCompany hasnoobligation whatsoever toupdate anyoftheinformation ortheconclusions contained herein ortocorrect anyinaccuracies which may become apparent subsequent tothedate hereof .

This presentation does notconstitute orform partof,andshould notbeconstrued as,anoffer tosellorissue, orthesolicitation ofanoffer topurchase, subscribe tooracquire, securities, oraninducement to enter intoinvestment activity intheUnited States orinanyother jurisdiction inwhich such offer, solicitation, inducement orsale would beunlawful .Nopartofthispresentation, northefactofitsdistribution, should form thebasis of,orberelied oninconnection with, anycontract orcommitment orinvestment decision whatsoever .

This presentation may notbedisclosed, made public orused, inwhole orinpart, byanyother individual orlegal entity foranypurpose other than thatstated above without theexpress written consent ofthe Company .This disclaimer andtherequirement forstrict confidentiality shall apply without prejudice toanyother confidentiality obligations towhich youaresubject .

3 3 Note: 1) The amount excludes the non -recurring gain arising from the sale of FTTH networks to SOTA (H1 2026: EUR 14.9 million; H1 2025: EUR 31.2 million).H1 2026 Preliminary Results overview DIGI Spain continues its strong growth in H126 and confirms its 2026 guidance € 515 m (€ 445 m in H1 2025) € 104.1 m (€ 70.4 m in H1 2025)16% 23%

48%Revenue1

Adj EBITDA

ex-operating leasesRGU YoY increase up to 11.9 m (+ 2.2 m RGUs H1 2026 / H1 2025) RGU Mobile : 7.83m RGU (+ 19% YoY) Broadband : 2.90m RGU (+ 28% YoY), out of which on SMART footprint : 2.48m (+ 35% YoY)+23% SMART footprint BUPs : 14.84m BUPs (+ 2.44m YoY) Penetration rate : 16.67 % (+ 1.90p YoY)+20%

4 4 2026 H12026 Ontrack ?

Revenue €1,040 –1,085m €515m (263m in Q2 2026)  Adj EBITDA excl.

operating leases

marginLow 20s% 20.2% (20.4% in Q2 2026) 

Total Capex

additions ~€400m €205m (84 in Q22026) 2026 forward -looking guidance reiterated All guidance components on track

5 5Key developments 2026 Successful IPO on the Spanish stock exchanges On16July 2026 DIGI Spain became acompany listed onthe Spanish stock exchanges with an initial valuation of1.6bnat€5.60per share Deal size represented between 17.6%and 20.2%ofDIGI Spain share capital depending on green shoe utilization Primary component net proceeds of€134mwhich will finance inpart DIGI Spain business plan while maintaining aconservative net leverage level Multiple times oversubscribed ,demonstrating strong support from both highly reputed domestic andinternational institutional investors IPO ofDigi Spain hasincreased ourbrand recognition and visibility ,offering thepossibility for current andnew stakeholders toparticipate inDigi Spain’s growth andvalue creation story

6 6H1 2026 Financial highlights Source: Company informationRevenue (€m) Adjusted EBITDA ex -Operating Leases (€m) CAPEX additions ( €m)Key considerations

152175

365470104

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 202615.5%

48.6%47.7%Quarterly revenue increased to €263m in Q2 2026 , reflecting continued customer growth and convergent traction Growth driven by SMART footprint expansion and commercial offer improvements performed during 2025Revenue

287468

85 85150205

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 202662.8%

(0.6)%36.3%482533

134 145262 284288367

891071732101129

6111022782929

228263445515

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 2026

Mobile Fixed Broadband OtherAdjEBITDA margin increased to 20.4% in Q2 2026, reflecting scale benefits of the owner economics model H1 2026 margin uplift driven by higher SMART footprint penetration with operating leverage as rollout advances and transition to MNO economicsAdjEBITDA ex operating leases Continued investment in the SMART footprint andmobile network roll -out Disciplined CAPEX reflecting the competitive advantage of vertical integrated model of operations with unitary costs less than half of peer’s historical costCapex additions15.1%15.7%18.8%19.4% 18.9% 15.8% 20.4% 15.8% 20.2%EBITDA Margin (%)

Growth (%)

7 7 Historical deployment cohorts Identified target deployment, with part of the preparatory work already executed

1,23,05,28,011,013,714,8~21

2020 2021 2022 2023 2024 2025 Q2 2026 Mid-term target

Deployment

predominantly in urban and semi -urban areas1 Source: Company information Notes: 1) Municipalities with more than 25,000 inhabitants (urban areas) and with more than 5,000 and less than 25,000 inhabitants ( semi-urban areas), 2) Accumulated BUPs represent all BUPs accumulated at any given period. 3) Annual BUPs added to accumulated tot al, 4) Includes DIGI Andalucía and SOTA, 5) Total BUPs of addressable market of DIGI Spain in SpainAccumulated BUPs2(m) New cohorts3BUPs (m) 1.0 1.8 2.2 2.8 3.0 2.7

28.65Other

Networks

~48%DIGI Spain

own deployed

network4

~52%28.65DIGI Spain

own deployed

network4

~75%Other

Networks

~25%SMART footprint deployment for mid-term target of 21m BUPs Robust 2026 deployment in line with plan 1.2

2026

progress

8 8DIGI Spain SMART footprint shows rising penetration across all cohorts and sets the ground for structural growth already reaching >25% for early cohorts Source: Company information Notes: 1) SMART BUPs: refers to all building units passed by the SMART Footprint which are available for commercialisation . SMART BUCs: building units passed by the SMART Footprint where DIGI Spain already provides its fixed broadband services;

2) BUCs / total BUPs on SMART Footprint; 3) 2026 data points (indicated with dotted lines) include Q2 2026 actuals and extrapolated Q3 –Q4 performance based on L12M grow th by cohortPenetration rate of SMART footprint by cohort (as of Q2 2026)3

SMART BUPs / BUCs (%)1

0,0%5,0%10,0%15,0%20,0%25,0%30,0%

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 82019A-0.2m BUPs

2020A-1.0m BUPs

2021A-1.8m BUPs

2022A-2.2m BUPs

2023A-2.8m BUPs

2024A-3.0m BUPs

2025A-2.7m BUPs

From 3-4% ininitial cohorts to 6-7% innewer cohorts

SMART footprint

average penetration

rate24,0% 6,2% 8,6%11,4% 13,5% 15,8% 16,7% 2020 - Year 2 2021 - Year 3 2022 - Year 4 2023 - Year 5 2024 - Year 6 2025 - Year 7 2026 Q2- Year 8>25% penetration rate for initial cohorts Increasing day -1 penetration growing over time driven by the competitive offer, door -to-door sales team focus and increased brand

awareness

Penetration rate in

year 12020

3.3%2021

4.2%2022

4.9%2023

5.9%2024

6.1%2025

6.9%~5 years to reach penetration rates of 25% Dashed lines indicate 2026E projections for each cohort based on Q2 -2026 actuals3Key considerations 14.8m BUPs , out of which 621k deployed in Q2 2026, 570k in Q1 2026 and 2.7m BUPs in 2025 52% of addressable Spanish market (28.6m BUPs) within SMART footprint Objective to reach a ~21m BUPs SMART footprint by 2030 Average SMART penetration reached 16.7% in Q2 2026 , increasing by c.0.9p.p. since year -end 2025 Initial cohorts 2019 and 2020 reached levels of penetration of 28% and 26% Penetration continues to grow in all cohorts , including the initial ones Newer cohorts start with higher take -up and ramp -up faster ( 2025 at 6.9% average penetration rate in first year), with all cohorts converging to similar penetration levels over time SOTA roll-outahead of initial plan with 5.7m BUPs already delivered , remaining BUPs will be delivered until

Dec 26

9 9 p.p. market share gained in the period in terms of total connections1Sustained fixed broadband momentum drove further market share gains in H1 2026 … Source: Company Information, market share as per CNMC Notes: 1) Calculated based on CNMC published market data as of May 2026 and extrapolated to June 2026 based on DIGI Spain reported d atato CNMC; 2) Represents difference between market share at the respective end of period and market share for the reference per iod530578632

151141315 317

2023A 2024A 2025A Q2 2025 Q2 2026 H1 2025 H1 20262.8 2.6 2.7Constant increase of market share in fixed broadband, with accelerated momentum due to expanding SMART footprint 100% net growth in SMART footprint1.3 1.41 Record first -half FBB net adds ~14.5%1market share for fixed broadband ~2.7% market share gained in 2025 and ~1.4%1

YTD (Jun -26A)

22% of new FBB customers in the quarter were not previously a FBB customer, meaning DIGI Spain is also creating new demand and expanding the FBB market H1 2026 best historical first half of net growth for fixed broadband even in the context of more intensive competition compared to H1 2025 100% of the net growth since 2022 on SMART footprint (mainly located in urban areas) Net adds growth driven by presence of SMART footprint and is continuous expansion Market share growthNet adds growth

0.7 0.71

Fastest fixed broadband operator in Spain for six years in a row (Ookla recognition awarded once more for H1 2026) Superior quality FTTH network inSpain (95%

XGS -PON )

Constantly valued by our customers with the highest NPS in the market (61 points) since 2022Best in class quality of service

market share

7.8%

10.4%

13.1%

11.7%

14.5%1

11.7%

14.5%1

Fixed broadband net adds (k)

10 10

1,11,21,41,51,71,82,02,22,32,50,40,40,40,40,40,40,40,40,40,4

1,51,71,81.92,12,32,42,62.72,9

Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

SMART FBB Non-SMART FBB Total n et adds per quarter (k) Smart n et adds per quarter (k) … with consistent fixed broadband net customer growth in every quarter c.86% of FBB clients serviced on SMART footprintOutstanding and sustainted customer growth QoQ Source: Company information Notes : 1) VFM segment includes standalone and simple connectivity offers and bundles, high speed fixed broadband, 5G allowance, and cer tain additions such as TV content and selected OTT platforms; Quarterly FBB RGUs evolution (m) and net growth (k)Strong fixed broadband customer momentum continued in Q2 2026, with accelerated growth for SMART

customers

Within the year, slower Q2 compared to Q1, related to

seasonality

DIGI Spain has sustained best -in-class churn, tracking below the market range and reflecting the stickiness of its owned -

network base

Churn trend : FBB Churn at 17.0% with lower intensity during Q2 2026 (annualized 3M Q2 2026 FBB Churn of 16.7%) to be reflected in the next quarters LTM Churn rateStrong and consistent SMART customer base growth … backed by best -in-class churn Quarterly FBB churn evolution

9,6%15,4%14,4%17,0%

Q4 2021 Q4 2022 Q4 2023 Q4 2024 Q2 2026

SMART FBB churn FBB blended churn

Spain~22%

~16%

… Market

RangeValue -for-money1

brands

+154

+174

+161

+160

+160

+165

+148

+132

+150

+140

+133

+143

+163

+151

+165

+152

+176

+141

11 11… while also having increased market share in mobile with a focus on post -paid and convergent

offering …

8671.2001.406

350

246724

5589761.0791.287

326282656634

(109)121 118

24

(36)69

(76)

-2000200400600800100012001400

2023A 2024A 2025A Q2 2025 Q2 2026 H1 2025 H1 2026

Total Post-paid Pre-paidMobile net adds (k)1.2 1.7 0.61Increased market share in mobile, stimulated by competitive unlimited data focus commercial offer and convergence Source: Company Information, market share as per CNMC Notes: 1) Calculated based on CNMC published market data as of May 2026 and extrapolated to June 2026 based on DIGI Spain reported d atato CNMC 2) Represents difference between market share at the respective end of period and market share for the reference peri od 3)Represents post -paid convergent net adds / total mobile net adds0.5 1.8 ~12.7%1market share for mobile telephony ~1.8% market share gained in 2025 and ~1.1%1 YTD (Jun -26A)Convergent post -paid driven growth: ~90%3of mobile net adds growth comes from convergent offers in H1 2026 Convergence rate stable at an average of 1.6x mobile lines net gain growth fora FBB new

customer

Market leader on mobile portability net gains since

Q3 2020

Q2 2026 mobile prepaid revenues up 4.0% compared to Q1 2026 Market share growthNet adds growth

1.111.0

Mobile network roll-out accelerated during Q2 2026 (mainly through RAN Sharing) Objective to reach 5.000 macro -sites by end of 2028 and 10.000 macro -sites by end of 2030 1.363 DIGI Spain macro -sites in total active by June 26, with 477macro -sites deployed during Q2 2026Mobile network roll-out p.p. market share gained in the period1 market share

8.1%

9.7%

11.6%

10.7%

12.7%1

10.7%

12.7%1

12 12

… supported by sustained RGU growth and increasing share of convergent offering Outstanding customer growth QoQ Quarterly mobile RGUs evolution (m )and net growth (k )

2,52,72,93,13,43,73,94,24,54,70,80,80,90,91,01,01,11,21,21,3

1,71,81,81,81,81,91,91,91,91,8

5,05,35,65,86,26,66,97,37,67,8

Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

Pre-paid Post-paid only mobile Post-paid convergentPost-paid convergent (% oftotal) Source: Company information50% 51% 52% 53% 55% 56% 57% 58% 59% 60% Mobile RGUs reached 7.8m in Q2 2026, up

c.19% YoY

Sustained growth of 1,266k LTM mobile post -

paid net growthSustained RGU growth Convergent customers increased to c.60% of the mobile base, supporting customer engagement and greater cross -selling across

services

Overall mobile convergence rate stable at an average of 1.6x mobile lines perFBB new

customerIncreasing convergence

Mobile unlimited data driven offer –better prices as the client increases number of mobile

lines subscribed

Full open bundle offer –allows customers to choose the number of mobile lines and the tariffs applicable for each of them Post-paid net adds per quarter (k)

+282

+352

+321

+311

+326

+330

+295

+242

+292

+264

+252

+313

+374

+350

+343

+338

+312

+246

Total net adds per quarter (k) Customer centric offer rewarding convergence

13 13Solid grounds delivering market -leading1, fully organic top -line growth Source: Company information Note: 1) Fastest growing in Spain amonst peers ( MasOrange , Telefonica, Vodafone) Revenue evolution (€m) YoY Growth (%)

430482533205288367

8111469

642782929

2023 2024 2025

MobileFixed

TelephonyOtherTotal RGUs (000) Blended ARPU (€)

6.4818.44410.838

9.66611.881

2023 2024 2025 Q2 2025 Q2 20261.6 2.0 2.4

33.0% 30.3% 28.4%

FBBPay TV

Services228263

Q2 2025 Q2 2026Key considerations

8,78,5

8,28,1

7,87,77,5 7,4Net Adds (m) YoY Growth (%)0.6 0.5

22.9% 28.6%

445515

0,0%10,0%20,0%30,0%40,0%50,0%60,0%70,0%80,0%90,0%100,0%

H1 2025 H1 202621.8% 28.4% 18.8%Robust revenue growth in a competitive environment , reflecting DIGI Spain’s ability to combine market -leading quality at sustainably lower ARPUs vs the marketCompetitive revenue growth Mobile telephony is thelargest revenue contributor , with fixed broadband as the service with strongest growth in revenues in the portfolio and fixed telephony contributing to customer stickinessDiversified revenue mix Blended ARPU dilution as a result of the change in product mix for new FBB SMART customers , penetration of SMART offering and transition from MVNO -liketo MNO -like commercial offer from Q3 2024 to

Q1 2026ARPU

14 14Fixed broadband remains the main growth engine … Source: Company information Fixed revenue evolution (€m) FBB Fixed Telephony Pay TV 445 626 815 723 9051.3731.9512.5832.2662.900417290249

1.8182.5813.5703.0794.054

2023 2024 2025 Q2 2025 Q2 2026Fixed RGUs (000)

14,2214,06

13,7413,5313,39 13,31

12,8212,6078% 75% 81% 83% 78% 85% 82% 86%FBB ARPU (€)FBB Fixed Telephony0.7 0.8 1.0 62.0% 41.7% 38.3% Pay TVRevenue mix shift reflects DIGI Spain’s ability to monetise quality network access , with SMART increasing its percentage share of broadband revenues from the low forties to the mid -sixtiesSMART -driven revenue mix shiftKey considerations Net Adds (m) YoY Growth (%) 100% of FBB subscribers growth (in terms of net adds) from 2023 to 2026 has come from SMART footprint ARPU evolution reflecting change of mixandrapid SMART adoptionSMART -led FBB growth Launch of more competitive SMART plans (€15 for 750Mbps in Mar-23 and €10 for 500Mbps in Oct-24) compensated by higher demand and better unit economics through SMART networkCompetitive pricing0.2 0.2

44.9% 31.7%

SMART FBB % of total 41.0% 56.2% 29.4%YoY Growth (%)

93115

0100200300400500600700

Q2 2025 Q2 2026205288367811146

212299387

2023A 2024A 2025A181225

00000111111

H1 2025 H1 2026

15 15Mobile delivering sustained double -digit growth at increased scale 12.2% 10.4%Mobile revenue evolution (€m) Source: Company information19.7%

4.6635.8637.2696.5877.827

2023 2024 2025 Q2 2025 Q2 20260.9 1.2 1.4Mobile RGUs (000) 22.8% 25.7% 24.0% Mobile ARPU (€)YoY Growth (%) Expansion supported by focusing on value -for-money positioning and flexible offering driving consistently high -quality NPS scoresValue -for-money offering Mobile ARPU already stabilised , following the change in pricing and offering adapted to the own -network strategyTransition to MNO -like offer Growth driven primarily by rapid expansion in postpaid , while prepaid revenues remained broadly stablePostpaid expansionKey considerations

7,717,45

7,066,94

6,636,416,23 6,26Net Adds (m) YoY Growth (%)0.3 0.3

18.8% 24.3%

430482533

2023 2024 2025262284

H1 2025 H1 2026134145

Q2 2025 Q2 2026

16 16Margin expansion driven by owner -economics network model andMNO transition Source: Company information Note :1) Included detailed calculation in the H1 2026 Financial report, the direct costs deducted from revenue to determine Gross Profit comprise expenses related to access, interconnection, maintenanc e, and applicable fees. Other costs that are typically included in “Cost of Goods Sold” for the calculation of Gross Profit have been excluded. Only includes mobile and FBB gross profitQuarterly gross margin1evolution per product (% of revenue)

27%28%31%32%

27%29%37%

34%

31%33%62%64%

61% 50%52% 52%54% 54%55% 55%

Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

Mobile FBB

MNO economic model starts to apply Starting to pay bitstream fees to SOTAGross profit1evolution per product 140 132 148 165 160 160 161 174Net Adds on SMART Network (k)

131142171

39487491108170195

465990115239312366

85107164206

2023 2024 2025 Q2

2025Q2

2026H1

2025H1

2026

Effect of Sep -25

improvement in

commercial offer

Step up of MNO fixed costs from 1st of January154Key considerations Mobile marginFBB margin FBB margin uplift driven by new SMART customers (100% of total net adds since 2023) supported by network owner economics , especially in own FTTH network and strong operating leverage potentialFBB margin uplift Mobile margin stepping up structurally to ~33% as transition to MNO economics more than compensates the slight decline on mobile margins due to APRU reduction following transition from MVNO -

like to MNO -like commercial offer (Q224 to Q126 )MNO transition FTTH and mobile margins rising together , lifting H1 gross profit to €115m

and €91m

Margin improving as clients shift to own network infrastructure (SMART footprint)Dual -engine expansion30.6% 29.4% 32.0%29.1% 33.4%28.1%32.1%53.1%52.1% 52.5% 58.9% 55.0%52.2% 54.9% Transition to MNO like

commercial offer

17 17Continued AdjEBITDA growth andAdjEBITDA margin expansion Adj. EBITDA excl. operating leases (€m) and margin evolution (%) Q3 2024 to Q4 2024 SOTA bitstream agreement Q42024 to Q3 2025 Transition from MVNO to MNO model

commercial offer

Q32025 to Q 2 2026 MNO economics 44,6

35,8 34,436,054,5

50,4 50,653,522,0%

17,0% 15,9%15,8%23,1%

20,3% 20,1% 20,4%

0,0%10,0%20,0%30,0%

Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

Adj. EBITDA excl. operating leases Adj. EBITDA excl. operating leases margin Starting to pay

bitstream fees

to SOTA

MNO economics

model starts to

apply1

Source: Company information Note: 1) Starting 01 -Jul-25 Q1 2026 margin evolution reflects the step up of fixed costs of €4m per quarter related to mobile network expansion Effect of Sep -25

improvement in

commercial offer

18 18Well invested network to ensure the best quality and lowest maintenance charges Source: Company information Note: 1) Equivalent item of Net cash flow from/(used in) investing activities of the cash flow statement, excluding the item Dispos al of financial investment in 2025 2) Does not consider SOTA proceeds for 2024;

3) represents the Q2 2026 rate of New FTTH deployment additions divided by Total Capex Additions 4) As of Q2 2026Total Capex evolution (€m) Operating Free Cash Flow (€m) Recurring Free Operating Cash Flow ( €m)Key considerations

(149)2

(166)(49)(30)

(93)(51)

(200)(150)(100)(50)050

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 2026(11.4 )% 39.2% 44.6%

10599

16283757

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 2026(5.7)%

76.0%55.4%

Growth (%) 4776 20 25 34 47133109

29 33586198184

36 2759971099

287468

85 85150205

2024 2025 Q2 2025 Q2 2026 H1 2025 H1 202662.8%

(0.6%)36.3%

New FTTH deployment additionsAdditions to Spectrum Licenses Growth CapexRecurring Capex8.2% 6.0%

30123419.5% 8.7%

84 839.1% 7.6% 163 155Recurring Capex as % of Revenues Total Net Cash Capex1~40%³ of total capex goes into FTTH deployment , building out the SMART footprint and cutting reliance on wholesale with an average historical cost of deployment of ~€50.8 per BUPCapital -efficient FTTH rollout SOTA final delivery for the 6m BUPs objective by Dec 26 Our new FTTH deployment additions evolution is affected by SOTA new network deliveries being accounted as Inventories not as PPE-

Network fixed assets. Once SOTA deliveries are finalized (Dec 26) all FTTH additions will be reflected as Capex additionsSOTA agreement €110m of intangible additions in 2025 (booked at NPV), with €80m deferred in installments until 2028 still to be paid in the short term/long termSpectrum capex largely deferred Growth capex comprises Commercial Growth Capex above churn and RAN IRU investment which involves a significant non -cash part settled in monthly installments, represented by €94m of commercial long -term debt⁴Growth capex, part non-cash

19 19Netprincipal debt evolution Source: Company information Note: 1) Leverage defined as Total Net Principal debt ex -operating leases and Spectrum long -term debt / LTM Q2 2026 Adj. EBITDA excl. Operating Leases, calculated as FY2025 –H1 2025 + H1 2026 . 2) Net IPO proceeds of €134m. 3) Does not reflect €120m of SOTA proceeds still to be received by DIGI Spain in 2026. 4) includes €94m of payables to non -current asset suppliers related to the RAN -IRU, which is a commercial long te rm debt. 5) Includes Long term and current Loans and borrowings and Unamortized borrowing costs and effective interest rate a djustments Total Net Principal Debt Ex -Operating Leases and Spectrum long -term debt (€m)

Leverage (x)1

2.8x 2.4x2, 33.1x 2.9x Non-current Trade Payables (TEF RAN IRU) Net principal debt excl. Trade PayablesKey considerations

Amount (€m)

Long term and current Loans and borrowings 535.5 Non-current and current financial lease liabilities 69.6 Non-current Trade Payables 145.24 Cash and cash equivalents (28.1) Unamortized borrowing costs and effective interest rate adjustments 4.0 Total Net principal debt 726.2 Financial Lease liabilities resulting from the application of IFRS 16 to operating leases(28.7) Long -term commercial payments related to spectrum (51.0) Total Net Principal Debt Ex -Operating Leases and Spectrum long -term debt646.6Maturity profile 539

881089099

7381

-100200300400500600

2026E 2027E 2028E 2029E 2030E 2031E 2032ECurrent Debt Breakdown55897 94 94440467552

418498564647

513 2025 Q1 2026 Q2 2026 Q2 2026 PF Net Primary Proceedsc. €134m net IPO

proceeds

2,3Non-current Trade Payables excluding Spectrum (including TEF RAN IRU)Net principal debt excl. Non -current Trade Payables Net IPO proceeds of €134m which will help achieve mid -term target leverage of ~1.5xAttractive financing package from a pool of banks with whom the company has a long -term relationshipProceeds from SOTA disposal enabled deleveraging in 2024 aswellasfinancing of an important part of 2024 and2025 capex Remaining cash of 120m to be received from SOTA until final delivery in Dec 26Efficient capital structure withhigh deleveraging profile andself-sustaining balance sheet following five years of accelerated FTTH rollout funded through OpFCF , local SFAs and group support, together with Digi Andalucia and SOTA transactions Ability for DIGI Spain and its subsidiaries to have their own financing instruments , providing flexibility to optimise its capital structure and access funding independently Non-current trade payables includes €94m of commercial debt above 1 year maturity for capex investmentsCapital structure

SOTA disposal

Bank financing

IPO proceeds

Financing flexibility

20 Q&A

21

Appendix

22

22KPIs

KPIs 2023A 2024A 2025A Q2 2025 Q2 2026

RGUs (k)

Mobile 4,663 5,863 7,269 6,587 7,827

FTTH 1,373 1,951 2,583 2,266 2,900

Fixed Telephony 445 626 815 723 905 Pay TV - 4 172 90 249 Attachment rate (x) Mobile attachment rate11.6 1.6 1.6 1.6 1.6 Fixed telephony attachment rate 0.3 0.3 0.3 0.3 0.3 Pay TV attachment rate - - - - 0.1

Footprint (m)

SMART BUPs Active 8.0 11.0 13.7 12.4 14.8

ARPU (€/Units)

Mobile 8.5 7.6 6.8 6.9 6.3

FTTH 15.4 14.5 13.5 13.5 12.6

Fixed Telephony 1.8 1.7 1.6 1.6 1.6 Pay TV - 0.5 5.8 5.7 5.8 Blended 9.4 8.7 8.0 8.1 7.4

Churn (%)

FTTH 12.6% 13.4% 15.8% 14.1% 17.0%

FTTH SMART 10.0% 11.9% 14.3% 12.6% 15.4%

Workforce

Employees 7,700 9,384 11,380 10,619 11,927

FTEs 7,215 8,413 10,091 9,550 10,476

FTTH additions cost Total Accumulated Additions to FTTH Networks (EUR m) 344.7 500.0 667.5 584.1 754.3 Average FTTH Deployment Cost ( €/BUP) 42.9 45.4 48.9 47.1 50.8 Source: Company information Note: 1) Calculated using total convergent post -paid mobile lines divided by total number of FBB customers

23

23Income statement

Source: Company information€k, unless otherwise stated 2023 2024 2025 H1’25A H1’26A Mobile Revenues 429,669 482,337 532,595 262,033 283,498 FTTH Revenues 204,657 288,240 367,121 172,691 209,716 Fixed Telephony Revenues 7,645 11,021 13,918 6,597 8,026 Pay TV Revenues - 10 6,120 1,537 7,472 Other 32 366 9,436 2,124 6,300 Revenues 642,003 781,974 929,190 444,983 515,012 Other Income - 399,301 53,329 31,172 14,913 Other Expense (242) Operating Expenses (416,010) (488,831) (572,409) (288,232) (306,728) Employee Expenses (93,638) (119,499) (155,763) (74,075) (88,733) Depreciation and Amortisation of non -current Assets (116,893) (149,790) (195,064) (88,589) (118,157) Impairment and write -off of non -current assets (6,245) (4,454) (11,120) (1,698) (9,954) Operating Profit 9,217 418,701 48,163 23,561 6,353 Finance Income 528 14,681 8,196 2,938 3,456 Finance Costs (27,817) (29,085) (40,110) (22,712) (22,878) Net Finance Costs (27,289) (14,404) (31,914) (19,774) (19,422) Profit / (loss) before Taxation (18,072) 404,297 16,249 3,787 (13,069) Income Tax Income / (expense) Benefit 3,356 (99,443) (2,245) (12) 4,013 Profit / (loss) for the Period (14,716) 304,854 14,004 3,775 (9,056) Derivative Financial Assets 3,366 - 802 802 -

Other Comprehensive Income / (expense) for the Year, Net of Income Tax- - - - -

Total Comprehensive Income for the Year (11,350) 304,854 14,806 4,577 (9,056) Earnings/(loss) per Share (amounts in EUR) (0.16) 2.96 0.04 (0.01) (0.07)

24

24Balance Sheet

Assets Equity & Liabilities €k, unless otherwise stated 2023 2024 2025 Q2 2026 €k, unless otherwise stated 2023 2024 2025 Q2 2026 Non-Current assets Equity Property, plant and equipment 546,945 540,281 681,187 753,095 Share capital 1,000 1,000 1,000 27,000 Right of use assets 95,775 109,321 105,693 98,548 Other Reserves 411 411 812 1,152 Intangible assets 12,726 40,615 202,940 239,876 Retained earnings 20,960 297,634 261,408 221,965 Subscriber acquisition costs 29,065 30,492 33,135 30,231 Equity attributable to owners of the Company 22,371 299,045 263,220 250,117 Financial investments 9,250 9,250 250 250 Non-controlling interest 82,617 113,045 119,676 116,129 Long term receivables 1,214 58,648 2,537 2,736 Total equity 104,988 412,090 382,896 366,246 Derivative financial assets 3,366 14,030 6,354 4,586 Deferred taxassets 6,580 - - 4,669 Non-current liabilities Total non -current assets 704,921 802,637 1,032,096 1,133,991 Loans and borrowings 268,837 126,988 354,485 385,468 Lease liabilities 43,447 45,002 32,211 36,878 Current assets Deferred tax liabilities - 7,571 3,404 -

Inventories 97 27,111 23,360 31,177 Trade and other payables - - 107,640 145,211 Trade and other receivables 8,573 10,448 85,503 103,236 Total non -current liabilities 312,284 179,561 497,740 567,557 Receivables from related parties 4,746 10,453 2,172 6,693 Income taxreceivable - - 497 - Current liabilities Contract assets 26,175 32,217 44,057 45,868 Trade andother payables 152,639 159,026 200,089 221,088 Other assets 5,023 7,215 5,647 21,872 Payables torelated parties 104,479 22,909 1,464 1,717 Cash andcash equivalents 65,486 58,581 33,141 28,120 Employee benefits 12,159 14,886 17,680 16,476 Total current assets 110,100 146,025 194,377 236,966 Loans andborrowings 81,438 101,155 72,467 150,065 Lease liabilities 34,970 40,260 42,867 32,749 Income taxpayable 1,052 7,030 35 1,848 Provisions 535 1,030 875 895 Contract liabilities 10,477 10,715 10,360 12,316 Total current liabilities 397,749 357,011 345,837 437,154 Total liabilities 710,033 536,572 843,577 1,004,711 Total assets 815,021 948,662 1,226,473 1,370,957 Total equity and liabilities 815,021 948,662 1,226,473 1,370,957 Source: Company information

25 25

2026 Mid-term Ontrack ?

Revenue €1,040 –1,085m Low-teens revenue CAGR  Adj EBITDA excl.

operating leases

marginLow 20s%Targeting >30% of revenue ;

margin improvement front -loaded

Recurring Capex

~€400m1<10%

of revenue  Growth Capex +

New FTTH

deployment

Additions<€900m

in aggregate projected for the period 2027 -29 (~50% related to FTTH

deployment)

Front -loaded , gradually trending towards

€250m

Total net principal debt excl. operating leases / Adj.

EBITDA excl.

operating leases~1.5x,

subject to new growth opportunities 2026 forward -looking guidance Expectation of further improvement beyond mid -term as newer cohorts penetration rate will grow towards more mature

levels

Once deployment targets achieved, capex intensity to normalize, subject to new growth

opportunities

Source: Company information Note: 1) Total Capex

26 26Overview of Alternative Performance Measures and Key Performance Indicators for

DIGI Spain

APMs Calculation

FTTH Gross Profit1FTTH Revenues –FTTH Direct Costs (Direct costs related to access, interconnection, maintenance, and fees) Mobile Gross Profit1Mobile Revenues –Mobile Network Access, Interconnection, and Maintenance Costs –Other Direct General Mobile Expenses FTTH Gross Margin1 Percentage of FTTH gross profit over FTTH revenue, showing profitability Calculation = FTTH Gross Profit/ FTTH Revenues Mobile Gross Margin1 Percentage of Mobile gross profit over Mobile revenue, showing profitability Calculation = Mobile Gross Profit/ Mobile Revenues Adjusted EBITDA excluding operating leasesConsolidated operating profit/(loss) plus charges for depreciation, amortization and impairment of assets, adjusted for the e ffect of gains that are not generated as part of the Group’s core operations and excluding the effect of application of IFRS 16 to operating leases and r eplacing it with accounting for such leases under the previously applicable IAS 17 (in effect for periods not starting on or after January 1, 2019) Adjusted EBITDA excluding operating leases marginPercentage of Adjusted EBITDA ex -Operating Leases over revenue, showing profitability after leases Calculation = Adjusted EBITDA ex -Operating Leases / Revenues Recurring capexIs the sum of recurring CPEs2, plus SAC and drop cable installation additions, plus software development additions, plus mobile telephony core and mobile network VAS additions, plus IT hardware and software related additions, plus refurbishment of warehouses, offices, stands and shops additions Total Net Principal DebtLong term and current loans and borrowings, plus long term and current loans and borrowings with related parties, plus long t ermand current lease liabilities, plus non -current trade payables, plus unamortized borrowing costs and effective interest rate adjustments, less cas h and cash equivalents Notes: 1) The direct costs deducted from revenue to determine Gross Profit comprise expenses related to access, interconnection, mainte nance, and applicable fees. Other costs that are typically included in “Cost of Goods Sold” for the calculation of Gross Profit have been excluded. 2) Customer Premise

Equipment

27 27Overview of Alternative Performance Measures and Key Performance Indicators for

DIGI Spain

APMs Calculation

OpFCF Adjusted EBITDA ex -operating leasesAPM, less net cash flows from/(used in) investing activities Recurring FCF Adjusted EBITDA ex -operating leasesAPM, less Recurring CapexAPM Total Capex Is the sum of additions to PPE, plus additions to intangible assets (non -current), plus additions to SAC Growth Capex Total CapexAPM, less Recurring CapexAPM, less New FTTH Deployment AdditionsAPM, less additions to spectrum licenses Total Net Principal Debt ex -Operating Leases and spectrum long term debtIs Total Net Principal DebtAPMexcluding the effect of application of IFRS 16 to operating leases and spectrum long -term debt Total Net Principal Debt ex -operating leases and spectrum long -term debt to Adjusted EBITDA ex -operating leases ratioRepresents the ratio of Total Net Principal Debt ex -operating leases and spectrum long -term debtAPMto Adjusted EBITDA ex -operating leasesAPM

28 28Glossary of key terms

Term Definition

ARPU Average Revenue per Unit BUPs Building Unit Passed BUCs Building Unit Connected CAGR Compound Annual Growth Rate CNMV Comisión Nacional del Mercado de Valores CNMC Comisión Nacional de los Mercados y la Competencia D2D Door -to-door FBB Fixed Broadband FTEs Full Time Employees FTTH Fibre to the Home

GB Gigabyte

Gbps Gigabits per second GDP Gross Domestic Product JV Joint Venture Mbps Megabits per secondTerm Definition

MHz Megahertz

MNO Mobile Network Operator MVNO Mobile Virtual Network Operator NEBARegulated wholesale access to TEF’s FTTH, enabling nationwide coverage beyond own footprint Net adds Net change in clients or connections Net portabilityNet change in clients or connections from one operator to

another

NPS Net Promoter Score1 NRA National Roaming Agreement O&M Operations & Maintenance POS Point of Sale RAN Radio Access Network RGU Revenue Generating Unit SMART footprintFTTH network historically deployed by DIGI Spain (incl. SOTA2Network and DIGI Andalucia Network) TEF Telefónica Móviles España, S.A.U.

XGS -PON 10-Gigabit Symmetrical Passive Optical Network Notes: 1) NPS is a key performance indicator used to assess overall customer satisfaction and loyalty. Customers are asked to rate h owlikely they are to recommend a service provider on a scale of 0 -10 (where 0 is not at all likely, and 10 is extremely likely). The NPS is calculated by taking the percentage of respondents that are promoters (9 -10), subtracting the percentage of respondents that are detractors (6 or less) and multiplying the result by 100, 2) SOTA Investments Spain OpCo , strategic partnership between Macquarie, Aberdeen, Arjun

29 Investor Relations Department

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