Hi! Warm welcome to the Samsung Members community!
You're not alone in this.
https://eu.community.samsung.com/t5/galaxy-s25-series/sim/td-p/11744586?src=ShareByUserCMWhich makes me think it's down to Three having some delays.
Account Verification: Sometimes, the activation delay is due to pending account verification processes with Three.
Phone Restart: A simple restart can often resolve activation issues. Turn your phone off completely, wait for a few seconds, and then turn it back on. This can sometimes trigger the activation process.
SIM Card Insertion: Ensure the SIM card is correctly inserted into your Samsung S25 Ultra. Sometimes, a slightly misaligned SIM can prevent activation. Try taking the SIM out and reinserting it firmly.