Telecom Egypt Revenue Rises 19% to EGP 93.6 Billion in 9M 2026
The company said its priorities remain focused on disciplined investment and capital allocation, stronger cash flows and delivering long-term value to shareholders.
Egypt’s Telecom Egypt reported a 19% year-on-year increase in total revenue to EGP 93.6 billion in the first nine months of 2026, driven primarily by growth in data services and international incoming calls revenue.
Data revenue increased by 30% year-on-year, while international incoming calls revenue grew by 25%. The company also recorded customer growth across its fixed broadband, fixed voice and mobile segments, which expanded by 8%, 6% and 3%, respectively.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 24% to EGP 43.1 billion, with the EBITDA margin improving to 46%, compared with 44% in the corresponding period of 2025. Net profit increased by 44% to EGP 24.4 billion, while the net profit margin expanded to 26% from 22% a year earlier.
Telecom Egypt’s in-service capital expenditure (Capex) amounted to EGP 8.6 billion, representing 9% of revenue, while cash Capex reached EGP 26.3 billion, equivalent to 28% of revenue. The company’s net debt to annualised EBITDA ratio improved to 0.8 times from 1.5 times in the first nine months of 2025. Free cash flow to the firm (FCFF) reached EGP 28 billion, representing 65% of EBITDA.
Commenting on the performance, Tamer El Mahdi, Managing Director and Chief Executive Officer of Telecom Egypt, said:
“We made good progress in the first nine months of 2026 on the strategy we set out at the end of last year: unlocking the full revenue potential of our established businesses while cultivating new sources of growth. Despite a challenging macroeconomic and regional environment, we sustained our momentum, with higher revenue and improved profitability. Our top line expanded 19% year-over-year to EGP 93.6bn, with Data and International Incoming Calls leading the way, up 30% and 25% respectively. Data growth was driven by an expanding retail customer base, more fiber connections, enhanced customer experience, and the NTRA-approved tariff adjustments introduced earlier in the year. International Incoming Calls gained from a 16% rise in traffic, robust demand for voice connectivity and favorable FX. Our growth carried through to earnings. EBITDA increased 24% to EGP 43.1bn, with the margin expanding to 46% from 44%. Reported net profit climbed 44% to EGP 24.4bn, lifting our net margin to 26% from 22% a year earlier. FCFF reached EGP 28.0bn, or 65% of EBITDA, while net debt to annualized EBITDA improved to 0.8x down from 1.5x. Our progress is also being recognized beyond our financial results, with our inclusion in the FTSE Russell Emerging Index following our upgrade to the Mid Cap segment, and international awards for the speed and quality of our network. We are Egypt’s ‘network of networks’: through our domestic backbone, subsea cables and landing stations, Egypt connects to the world, and the world connects through Egypt. By leveraging our network and expertise, we are diversifying our revenue and expanding our role in Egypt’s digital economy. Our investment in fiber, data centers, and international capacity is shaping its future, while giving our customers faster, more reliable services. Our priorities remain clear: prudent investment and capital allocation, stronger cash flows and lasting value for our shareholders.”
– Tamer El Mahdi, Managing Director and Chief Executive Officer, Telecom Egypt
El Mahdi attributed the company’s revenue growth to increased data consumption, expanding fibre connections, improved customer experience and tariff adjustments approved by Egypt’s National Telecommunications Regulatory Authority (NTRA). He also highlighted a 16% increase in international incoming calls traffic, alongside demand for voice connectivity and favourable foreign exchange movements.
Beyond its financial performance, Telecom Egypt reported its inclusion in the FTSE Russell Emerging Index following its upgrade to the Mid Cap segment. The company also received international recognition for the speed and quality of its network.
El Mahdi highlighted Telecom Egypt’s role in Egypt’s international connectivity through its domestic backbone infrastructure, subsea cables and cable landing stations. He added that investments in fibre, data centres and international capacity are supporting the company’s efforts to diversify revenue and expand its contribution to Egypt’s digital economy.
The company said its priorities remain focused on disciplined investment and capital allocation, stronger cash flows and delivering long-term value to shareholders.
