9M 2026 Key Highlights

• Total revenue increased 19% YoY to EGP 93.6bn, driven mainly by a 30% YoY increase in Data revenue, followed by a 25% YoY increase in International Incoming Calls revenue.
• Customer base grew YoY across Fixed Broadband, Fixed Voice and Mobile by 8%, 6% and 3%, respectively.
• EBITDA increased 24% YoY to EGP 43.1bn, with the margin improving to 46% from 44% in 9M 2025.
• Net profit increased 44% YoY to EGP 24.4bn, with the net margin expanding to 26% from 22% in 9M 2025.
• In-service Capex amounted to EGP 8.6bn (9% of revenue), while Cash Capex reached EGP 26.3bn (28% of revenue).
• Net debt/EBITDA (annualized) improved to 0.8x from 1.5x in 9M 2025.
• FCFF reached EGP 28.0bn, implying an FCFF/EBITDA ratio of 65%.

Tamer El Mahdi, Managing Director and Chief Executive Officer, commented:

“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.”