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 Telecom Egypt (TE) disclosed its consolidated balance sheet metrics for the first quarter ending March 31, 2026, revealing a 4% expansion in total assets. The state-aligned operator’s asset sheet expanded to EGP 240.9 billion, up from the EGP 231.1 billion registered at the close of the 2025 fiscal year.

The financial statement indicated a broad acceleration across key investment and liquidity vectors. Current assets advanced by 12%, closing the quarter at EGP 52.4 billion compared to EGP 46.8 billion at year-end 2025. Concurrently, long-term investments logged an identical 12% growth rate, scaling to EGP 34.6 billion by the end of March 2026, up from EGP 30.9 billion. Other long-term assets remained relatively flat, tracking at EGP 33.6 billion against EGP 33.7 billion at the prior fiscal close.

Liability Structuring and Debt Profiles

On the obligations side, Telecom Egypt’s total liabilities increased by 6% to reach EGP 178.2 billion in Q1 2026, up from EGP 167.4 billion at year-end 2025. This uptick was primarily driven by a 15% expansion in current liabilities, which climbed to EGP 61.9 billion from EGP 53.7 billion. Short-term loans and credit facility installments also rose by 7% to settle at EGP 41.1 billion, compared to EGP 38.4 billion in the prior period.

In contrast, the operator successfully minimized its long-term debt exposure. Long-term loans and financial facilities fell by 1%, contracting to EGP 35.0 billion down from EGP 35.3 billion at the end of fiscal year 2025.

Equity Position and Capital Summary

Total shareholder equity recorded a minor 1% contraction, closing at EGP 62.8 billion at the end of the first quarter of 2026, compared to EGP 63.7 billion at year-end 2025. Consequently, the combined aggregate of total liabilities and equity closed at EGP 240.9 billion, balancing the 4% structural growth of the company’s capital book.