Telefónica S.A. 2025-12-31 Telefónica S.A. 2025-01-012025-12-31 Telefónica S.A. 2025-01-012025-12-31 The Federal Republic of Germany Telefónica S.A. 2025-12-31 The Federal Republic of Germany Telefónica S.A. 2025-01-012025-12-31 The Republic of Austria Telefónica S.A. 2025-12-31 The Republic of Austria Telefónica S.A. 2025-01-012025-12-31 The Kingdom of Belgium Telefónica S.A. 2025-12-31 The Kingdom of Belgium Telefónica S.A. 2025-01-012025-12-31 The Republic of Bulgaria Telefónica S.A. 2025-12-31 The Republic of Bulgaria Telefónica S.A. 2025-01-012025-12-31 The Republic of Croatia Telefónica S.A. 2025-12-31 The Republic of Croatia Telefónica S.A. 2025-01-012025-12-31 The Kingdom of Denmark Telefónica S.A. 2025-12-31 The Kingdom of Denmark Telefónica S.A. 2025-01-012025-12-31 The Republic of Slovenia Telefónica S.A. 2025-12-31 The Republic of Slovenia Telefónica S.A. 2025-01-012025-12-31 The Kingdom of Spain Telefónica S.A. 2025-12-31 The Kingdom of Spain Telefónica S.A. 2025-01-012025-12-31 The French Republic Telefónica S.A. 2025-12-31 The French Republic Telefónica S.A. 2025-01-012025-12-31 The Hellenic Republic Telefónica S.A. 2025-12-31 The Hellenic Republic Telefónica S.A. 2025-01-012025-12-31 Ireland Telefónica S.A. 2025-12-31 Ireland Telefónica S.A. 2025-01-012025-12-31 The Italian Republic Telefónica S.A. 2025-12-31 The Italian Republic Telefónica S.A. 2025-01-012025-12-31 The Grand Duchy of Luxembourg Telefónica S.A. 2025-12-31 The Grand Duchy of Luxembourg Telefónica S.A. 2025-01-012025-12-31 The Kingdom of the Netherlands Telefónica S.A. 2025-12-31 The Kingdom of the Netherlands Telefónica S.A. 2025-01-012025-12-31 The Republic of Panama Telefónica S.A. 2025-12-31 The Republic of Panama Telefónica S.A. 2025-01-012025-12-31 The Republic of Poland Telefónica S.A. 2025-12-31 The Republic of Poland Telefónica S.A. 2025-01-012025-12-31 The Portuguese Republic Telefónica S.A. 2025-12-31 The Portuguese Republic Telefónica S.A. 2025-01-012025-12-31 The Kingdom of Sweden Telefónica S.A. 2025-12-31 The Kingdom of Sweden iso4217:EUR xbrli:pure

Public Country by Country Report (on income tax information)

Section 1. General information

Name of ultimate parent of group / of standalone companyTelefónica S.A.
Country of registered office of ultimate parent undertakingThe Kingdom of Spain
Date of start of financial year2025-01-01
Date of end of financial year2025-12-31
Reporting currencyEUR
Application of option to report in accordance with taxation reporting instructionsYes
Name and registered office of a single subsidiary undertaking which has published the report on income tax information of an undertaking that is not governed by the law of a Member State-
Name and address of a single branch which has published the report on income tax information of an undertaking that is not governed by the law of a Member State-
Language of reportenglish - en

Section 2. Overview of information on a country-by-country basis

Name of Member State or tax jurisdiction Country code of Member State or tax jurisdiction Revenues Profit (loss) before tax Income tax paid (on cash basis) Income tax accrued – current year Accumulated earnings Number of employees
The Federal Republic of Germany DE 10511257918 1124025624 82381683 59157350 1164665251 8325
The Republic of Austria AT 33827027 -77123 0 1443110 272000 206
The Kingdom of Belgium BE 1353000 86359 0 26000 1720359 8
The Republic of Bulgaria BG 1975662 475426 0 52153 1360742 26
The Republic of Croatia HR 10369812 -311799 0 -6731 0 88
The Kingdom of Denmark DK 13304999 -597913 0 -62308 1030899 29
The Republic of Slovenia SI 19851302 851882 0 214105 0 150
The Kingdom of Spain ES 23502505991 -2461654090 108863961 114005589 4260505017 25359
The French Republic FR 8496000 411000 77000 103000 5061000 14
The Hellenic Republic GR 530000 13000 0 3000 -159000 1
Ireland IE 25654308 1507324 220000 -11931 2748255 14
The Italian Republic IT 1892262 170642 0 52638 30000 5
The Grand Duchy of Luxembourg LU 67637400 29755400 0 168000 371313330 8
The Kingdom of the Netherlands NL 760159477 15062814 4768939 3816726 99554410 13
The Republic of Panama PA 3272107 293770 42558 145408 -31426140 3
The Republic of Poland PL 1651851 223816 0 16745 139119 1
The Portuguese Republic PT 955000 48000 0 17000 366000 3
The Kingdom of Sweden SE 7793595 490913 0 45436 2541726 26
All other tax jurisdictions (aggregated basis)
17541874172 710212039 326549915 251111562 -5447726021 53328

Section 3. List of subsidiaries and activities

Name of Member State or tax jurisdictionCountry code of Member State or tax jurisdictionName of subsidiary undertakings consolidated in financial statements of ultimate parent undertakingBrief description per country of nature of activities in Member State or tax jurisdiction
The Federal Republic of Germany DE AY YILDIZ Communications Provision of services to unrelated parties
The Federal Republic of Germany DE Be-Terna Business Solutions GmBH Provision of services to unrelated parties
The Federal Republic of Germany DE Be-Terna Enhancement GmBH Provision of services to unrelated parties
The Federal Republic of Germany DE Be-Terna Germany GmBH Provision of services to unrelated parties
The Federal Republic of Germany DE Be-Terna GmBH Provision of services to unrelated parties
The Federal Republic of Germany DE Be-Terna Industry Solutions GmBH Provision of services to unrelated parties
The Federal Republic of Germany DE BE-terna GmbH (Leipzig) Provision of services to unrelated parties
The Federal Republic of Germany DE E-Plus Service GmbH Provision of services to unrelated parties
The Federal Republic of Germany DE Group 3G UMTS Holding Gmbh Holding shares or other equity instruments
The Federal Republic of Germany DE Ortel Mobile GmbH Provision of services to unrelated parties
The Federal Republic of Germany DE QUAM Dormant
The Federal Republic of Germany DE T. Finanzierungs Dormant
The Federal Republic of Germany DE T. Germany 1. Bet. GmbH Holding shares or other equity instruments
The Federal Republic of Germany DE T. Germany Business Sales GmbH Provision of services to unrelated parties
The Federal Republic of Germany DE T. Germany GmbH & Co OHG Provision of services to unrelated parties
The Federal Republic of Germany DE T. Germany Management GmbH Holding shares or other equity instruments
The Federal Republic of Germany DE T. Global Roaming Purchasing or procurement
The Federal Republic of Germany DE T. Global Services GmbH Purchasing or procurement
The Federal Republic of Germany DE T. Insurance (Branch) Insurance
The Federal Republic of Germany DE TCFS Potsdam GmbH Provision of services to unrelated parties
The Federal Republic of Germany DE TCHIBO MOBILFUNK BETEILIGUNGS-GMBH Provision of services to unrelated parties
The Federal Republic of Germany DE TCHIBO MOBILFUNK GMBH & CO. KG Provision of services to unrelated parties
The Federal Republic of Germany DE Telefónica Cybersecurity & Cloud Tech Deutschland Provision of services to unrelated parties
The Federal Republic of Germany DE Telefonica Deutschland HoldingA.G Holding shares or other equity instruments
The Federal Republic of Germany DE Telefonica Germany Retail GmbH Provision of services to unrelated parties
The Federal Republic of Germany DE Telefónica Global Solutions Germany Provision of services to unrelated parties
The Federal Republic of Germany DE Telefónica Infra Germany GmbH Holding shares or other equity instruments
The Federal Republic of Germany DE Telefónica Local Services GmbH Holding shares or other equity instruments
The Federal Republic of Germany DE TGCS Bremen Provision of services to unrelated parties
The Federal Republic of Germany DE TGCS Hamburg Provision of services to unrelated parties
The Federal Republic of Germany DE TGCS Nürnberg Provision of services to unrelated parties
The Federal Republic of Germany DE TGCS Rostock Gmbh Provision of services to unrelated parties
The Federal Republic of Germany DE Wayra Deutschland GmbH Other
The Republic of Austria AT Be-Terna Austria GmBH Sales, marketing or distribution Provision of services to unrelated parties
The Republic of Austria AT Be-Terna GmBH (Innsbruck) Sales, marketing or distribution Provision of services to unrelated parties
The Republic of Austria AT TGS Austrian Branch Sales, marketing or distribution Provision of services to unrelated parties
The Kingdom of Belgium BE Telefonica Global Solutions BELGICA Provision of services to unrelated parties
The Republic of Bulgaria BG Adatis BG LTD Other
The Republic of Croatia HR Be-Terna d.o.o (Zagreb) Provision of services to unrelated parties
The Kingdom of Denmark DK Be-Terna ApS Provision of services to unrelated parties
The Kingdom of Denmark DK Pipol AS Holding shares or other equity instruments
The Kingdom of Denmark DK Telefonica Global Solutions DINAMARCA Provision of services to unrelated parties
The Republic of Slovenia SI Be-Terna Adriatic d.o.o Provision of services to unrelated parties
The Republic of Slovenia SI Be-Terna d.o.o (Ljubijana) Provision of services to unrelated parties
The Kingdom of Spain ES Acens Technologies Provision of services to unrelated parties
The Kingdom of Spain ES Altostratus Solutions Provision of services to unrelated parties
The Kingdom of Spain ES Audertis Audit Services S.L. Provision of services to unrelated parties
The Kingdom of Spain ES Bluevia Fibra SL Provision of services to unrelated parties Other
The Kingdom of Spain ES Compañía Mayorista de Fibra S.L. Provision of services to unrelated parties
The Kingdom of Spain ES Cryptography & Security Systems S.L. Provision of services to unrelated parties
The Kingdom of Spain ES Fonditel Gestión Other
The Kingdom of Spain ES Fonditel Pensiones Other
The Kingdom of Spain ES Geprom Software Engineering SL Provision of services to unrelated parties
The Kingdom of Spain ES Govertis Advisory Services S.L. Provision of services to unrelated parties
The Kingdom of Spain ES Lotca Servicios Integrales S.L Other
The Kingdom of Spain ES SOLAR360 SOLUCIONES DE INSTALACION Y MANTENIMIENTO Sales, marketing or distribution
The Kingdom of Spain ES T. Broadcast Services Provision of services to unrelated parties
The Kingdom of Spain ES T. Capital Holding shares or other equity instruments
The Kingdom of Spain ES T. Centroamérica Inversiones Holding shares or other equity instruments
The Kingdom of Spain ES T. Compras Electrónica S.L. Purchasing or procurement
The Kingdom of Spain ES T. Correduría de Seguros y Reaseguros Compañía de Mediación Insurance
The Kingdom of Spain ES T. Educación Digital Provision of services to unrelated parties
The Kingdom of Spain ES T. Emisiones Internal group finance
The Kingdom of Spain ES T. España Provision of services to unrelated parties
The Kingdom of Spain ES T. Global Technology Other
The Kingdom of Spain ES T. Ingeniería de Seguridad Provision of services to unrelated parties
The Kingdom of Spain ES T. Latam. Holding Holding shares or other equity instruments
The Kingdom of Spain ES T. Móviles España Provision of services to unrelated parties
The Kingdom of Spain ES T. Participaciones Internal group finance
The Kingdom of Spain ES T. Servicios audiovisuales Provision of services to unrelated parties
The Kingdom of Spain ES T. Servicios Integrales de distribución Administrative, management or support services
The Kingdom of Spain ES T. Sol. de Informática y Com Provision of services to unrelated parties
The Kingdom of Spain ES T. Soluciones de Outsourcing Provision of services to unrelated parties
The Kingdom of Spain ES T.G.I. Edificios y Servicios Administrative, management or support services
The Kingdom of Spain ES T.Serv. Globales Holding shares or other equity instruments
The Kingdom of Spain ES Telefónica Chile Holdings S.L. Holding shares or other equity instruments
The Kingdom of Spain ES Telefónica Cybersecurity & Cloud Tech España Provision of services to unrelated parties Other
The Kingdom of Spain ES Telefónica España Filiales Holding shares or other equity instruments
The Kingdom of Spain ES Telefónica Global Solutions Provision of services to unrelated parties
The Kingdom of Spain ES Telefónica Hispanoamérica Administrative, management or support services Holding shares or other equity instruments
The Kingdom of Spain ES Telefonica Infra Holding shares or other equity instruments
The Kingdom of Spain ES Telefónica Innovación Digital Other
The Kingdom of Spain ES Telefonica Iot & Big Data Tech Provision of services to unrelated parties
The Kingdom of Spain ES Telefonica Open Innovation Other
The Kingdom of Spain ES Telefónica S.A. Administrative, management or support services Holding shares or other equity instruments
The Kingdom of Spain ES Telefónica Seguros y Reaseguros Insurance
The Kingdom of Spain ES Telefónica Soluciones de Criptografía Provision of services to unrelated parties
The Kingdom of Spain ES TELEFONICA TECH Holding shares or other equity instruments
The Kingdom of Spain ES Telefonica  Audiovisual Digital Provision of services to unrelated parties
The Kingdom of Spain ES Telfisa Internal group finance
The Kingdom of Spain ES Telxius Cable España Provision of services to unrelated parties Other
The Kingdom of Spain ES Telxius Telecom SAU Administrative, management or support services Holding shares or other equity instruments
The Kingdom of Spain ES TELYCO Sales, marketing or distribution
The Kingdom of Spain ES TIS Hispanoamérica, S.L Holding shares or other equity instruments
The Kingdom of Spain ES TLH HOLDCO SLU Holding shares or other equity instruments
The Kingdom of Spain ES Toxa Telco Holding S.L. Dormant
The French Republic FR Telefónica Global Solutions France II Provision of services to unrelated parties
The Hellenic Republic GR TGS Greece LLC Provision of services to unrelated parties
Ireland IE Telefónica Tech Ireland Limited Provision of services to unrelated parties
The Italian Republic IT Be-Terna SRL Provision of services to unrelated parties
The Italian Republic IT Telefónica Global Solutions Italia Provision of services to unrelated parties
The Grand Duchy of Luxembourg LU Nova Casiopea Insurance
The Grand Duchy of Luxembourg LU T. Luxembourg H. Holding shares or other equity instruments
The Kingdom of the Netherlands NL Aliança Atlántica. Holding Holding shares or other equity instruments
The Kingdom of the Netherlands NL Be-Terna BV Provision of services to unrelated parties
The Kingdom of the Netherlands NL T. Europe Internal group finance
The Kingdom of the Netherlands NL T. Global Activ. H. B.V Holding shares or other equity instruments
The Kingdom of the Netherlands NL T. Hold Atticus Holding shares or other equity instruments
The Kingdom of the Netherlands NL T. Internacional Hold. BV Holding shares or other equity instruments
The Kingdom of the Netherlands NL Telefónica Global Solutions Netherlands Provision of services to unrelated parties
The Kingdom of the Netherlands NL Telfisa Global BV Internal group finance
The Republic of Panama PA T. Centroamérica Administrative, management or support services
The Republic of Panama PA Telxius Cable PANAMA Provision of services to unrelated parties Other
The Republic of Poland PL Telefonica Global Solutions POLONIA Provision of services to unrelated parties
The Portuguese Republic PT Telefonica Global Solutions PORTUGAL Provision of services to unrelated parties
The Kingdom of Sweden SE Be-Terna AB Provision of services to unrelated parties
The Kingdom of Sweden SE Telefónica Global Solutions Sweden SEK Provision of services to unrelated parties

Section 4. Omitted information

Information omitted (if any) for this financial year
Information omittedInformation omitted, other tax jurisdictionsExplanation of reason for omission of information
Disclosure of information omitted for previous financial years

Section 5. Explanations for material discrepancies between income tax paid and accrued

Explanation of any material discrepancies between income tax paid and accrued

Conclusion