Telecom Egypt's Net Profit Rises 44% to EGP 24.4 Billion

Telecom Egypt recorded a 44% year-on-year increase in net profit after tax during the first nine months of 2026, reaching EGP 24.4 billion. Consolidated revenue rose 19% to EGP 93.6 billion, supported by growing demand for data services and international calls.

Data services revenue increased 30% compared to the same period in 2025, driven by an expanding customer base, additional fibre-optic connections and tariff adjustments approved by the National Telecom Regulatory Authority earlier this year. Revenue from incoming international calls grew 25%, supported by a 16% increase in call traffic.

The company's customer base also expanded across its main services, with fixed broadband subscribers increasing 8%, fixed voice subscribers rising 6% and mobile subscribers growing 3% year-on-year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 24% to EGP 43.1 billion, with the EBITDA margin increasing from 44% to 46%. Telecom Egypt's net profit margin also improved to 26%, compared to 22% during the first nine months of 2025.

Free cash flow reached approximately EGP 28 billion, equivalent to 65% of EBITDA, while the company's net debt-to-EBITDA ratio declined from 1.5 to 0.8. Capital expenditure on assets placed into service totalled EGP 8.6 billion, while cash capital expenditure reached EGP 26.3 billion.