Telecom Egypt Reports Strong Financial and Operational Performance in the First Half of 2025 EGP 50.6 Billion Total Revenue
Telecom Egypt today announced its financial results for the financial period ending June 30, 2025, according to the consolidated financial statements prepared in accordance with Egyptian Accounting Standards.
Key Highlights of the First Half of 2025 Results
• Total consolidated revenues grew by 33% compared to the same period last year, reaching EGP 50.6 billion, driven by a 47% growth in data services revenue and a significant increase in incoming international call revenues, which grew by 50% compared to the same period last year.
• The company demonstrated growth in its customer base across all services provided, with mobile, fixed internet, and fixed voice subscribers increasing by 12%, 8%, and 6%, respectively, compared to the same period last year. • EBITDA grew by 43% year-on-year to EGP 22.1 billion, with a profit margin of 44%.
• Net profit after tax (after neutralizing the impact of foreign exchange gains and losses) grew to EGP 10.3 billion, a 50% increase compared to the same period last year, with a profit margin of 20%, compared to an 18% profit margin in the first half of 2024.
• Capital expenditures for in-service assets reached EGP 4.8 billion (10% of total revenue), while cash capital expenditures reached EGP 14.4 billion, a 47% decrease compared to the same period last year. • Net debt to EBITDA ratio improved year-on-year to 1.6x, compared to 2.4x in the first half of 2024.
• Free cash flow reached EGP 8.1 billion, achieving a free cash flow to EBITDA ratio of 36%.
Eng. Mohamed Nasr, Managing Director and Chief Executive Officer of Telecom Egypt, commented on the results for the first half of 2025, saying:
"I am proud to announce Telecom Egypt's results for a new period during which we achieved exceptional growth and progress in operational performance. Total revenues increased by 33% compared to the same period last year, reaching EGP 50.6 billion, supported by a significant 47% increase in data revenue compared to the same period last year and strong revenues from incoming international calls. Our customer base continued to expand and grow across all services offered, reflecting the strength and success of our services and the strong customer confidence in them. The launch of 5G services this quarter enhances the customer experience and opens new horizons for digital innovation, driving growth and creating sustainable value for our shareholders.
Our commitment to focusing on operational efficiency resulted in a strong 43% growth in EBITDA compared to the same period last year, reaching EGP 22.1 billion." With an outstanding profit margin of 44%. After adjusting for currency gains and losses, adjusted net profit increased to EGP 10.3 billion, a 50% growth compared to the same period last year, reflecting our resilience and ability to achieve profitability despite regional challenges. This financial period also demonstrated an improvement in cash flow indicators and debt structure, with the company's free cash flow reaching EGP 8.1 billion, representing 36% of EBITDA during the first half of 2025. The net debt-to-EBITDA ratio declined to 1.6x, compared to 2.4x last year.
Looking ahead, we will continue to invest in our robust telecom infrastructure while maintaining our focus on financial and operational excellence. Our priorities remain strengthening our core businesses, achieving sustainable profitability, and creating long-term value for our shareholders. I am confident that our talented team and resilient business model will enable us to meet the challenges of the future. And seize new opportunities in the rapidly evolving digital environment.”