Telecom Egypt reported a 19% year-on-year increase in total revenue to EGP 93.6 billion in the first nine months of 2026, supported by growth in data services and international incoming calls revenue.
Data revenue rose by 30% compared with the same period in 2025, while international incoming calls revenue increased 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.
The growth in revenue was accompanied by improved profitability. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24% to EGP 43.1 billion, while the EBITDA margin improved to 46%, up from 44% in the corresponding period last year. Net profit rose by 44% to EGP 24.4 billion, with the net profit margin expanding to 26% from 22%.
Telecom Egypt recorded in-service capital expenditure (Capex) of EGP 8.6 billion, equivalent to 9% of revenue. Cash Capex reached EGP 26.3 billion, representing 28% of revenue. The company’s net debt to annualised EBITDA ratio improved to 0.8 times, compared with 1.5 times in the first nine months of 2025. Free cash flow to the firm (FCFF) reached EGP 28 billion, equivalent to 65% of EBITDA.
Commenting on the results, Tamer El Mahdi, Managing Director and Chief Executive Officer of Telecom Egypt, said the company had made progress in executing its strategy of maximising revenue from established businesses while developing new sources of growth.
He attributed the increase in data revenue to a growing retail customer base, additional fibre connections, improved customer experience and tariff adjustments approved by Egypt’s National Telecommunications Regulatory Authority (NTRA) earlier in the year.
International incoming calls revenue benefited from a 16% increase in traffic, continued demand for voice connectivity and favourable foreign exchange movements.
El Mahdi also highlighted the company’s inclusion in the FTSE Russell Emerging Index following its upgrade to the Mid Cap segment. Telecom Egypt received additional international recognition for the speed and quality of its network.
The CEO pointed to the company’s domestic backbone infrastructure, subsea cables and cable landing stations as key components of Egypt’s international connectivity. He added that investments in fibre, data centres and international capacity are supporting revenue diversification and expanding Telecom Egypt’s role in the country’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.
