Q2 2025 Results: Telecom Egypt Posts Solid Growth and Enhanced Earnings in First Half of 2025
14 August 2025
H1 2025 Key Highlights
“I am proud to report that Telecom Egypt has delivered another period of exceptional growth and operational progress. Total revenue rose 33% YoY to EGP 50.6 billion, driven by a remarkable 47% surge in Data revenue and robust gains in International Incoming Calls revenue. Our customer base continued to expand across all key segments, reflecting the strength of our market proposition and the trust we have built with our customers. The launch of our 5G services this quarter is further enhancing the customer experience and enabling a new era of digital innovation, fostering growth, and delivering long term value for our shareholders.
Our disciplined focus on operational efficiency delivered a 43% YoY increase in EBITDA to EGP?22.1?billion, achieving a healthy margin of 44%. Normalized net profit rose to EGP 10.3 billion (adjusted for FX gains and losses), up 50% YoY, reflecting our agility and ability to enhance our profitability amid a challenging regional environment. This period also showed improved cash flow and debt structure KPIs. FCFF reached EGP 8.1 billion, representing 36% of EBITDA in H1 2025. Additionally, net debt/annualized EBITDA reached 1.6x from 2.4x last year.
Looking ahead, we will continue investing in our robust network infrastructure while maintaining a focus on financial and operational excellence. Our priorities remain to strengthen our core business, drive sustainable profitability, and create long-term value for our shareholders. I am confident that our talented team and resilient business model will enable us to navigate future challenges and seize new opportunities in the rapidly evolving digital ecosystem.”
- Total revenue increased by 33% YoY, reaching EGP 50.6bn, driven by a 47% surge in Data revenue, as well as significant gains in International Incoming Calls up 50% YoY.
- Customer base increased YoY across Mobile, Fixed Broadband, and Fixed Voice by 12%, 8%, and 6%, respectively.
- EBITDA increased by 43% YoY, reaching EGP 22.1bn, with a margin of 44%.
- Normalized net profit rose to EGP 10.3bn, (adjusted for FX gain/loss), marking a 50% YoY increment and a 20% net profit margin vs 18% in H1 2024.
- In-service CapEx reported EGP 4.8bn (10% of sales), while Cash CapEx reported EGP 14.4bn (declining 47% YoY).
- Net debt/EBITDA (annualized) improved to1.6x compared to 2.4x in H1 2024.
- FCFF amounted to EGP 8.1bn, implying a FCFF/EBITDA ratio of 36%.
“I am proud to report that Telecom Egypt has delivered another period of exceptional growth and operational progress. Total revenue rose 33% YoY to EGP 50.6 billion, driven by a remarkable 47% surge in Data revenue and robust gains in International Incoming Calls revenue. Our customer base continued to expand across all key segments, reflecting the strength of our market proposition and the trust we have built with our customers. The launch of our 5G services this quarter is further enhancing the customer experience and enabling a new era of digital innovation, fostering growth, and delivering long term value for our shareholders.
Our disciplined focus on operational efficiency delivered a 43% YoY increase in EBITDA to EGP?22.1?billion, achieving a healthy margin of 44%. Normalized net profit rose to EGP 10.3 billion (adjusted for FX gains and losses), up 50% YoY, reflecting our agility and ability to enhance our profitability amid a challenging regional environment. This period also showed improved cash flow and debt structure KPIs. FCFF reached EGP 8.1 billion, representing 36% of EBITDA in H1 2025. Additionally, net debt/annualized EBITDA reached 1.6x from 2.4x last year.
Looking ahead, we will continue investing in our robust network infrastructure while maintaining a focus on financial and operational excellence. Our priorities remain to strengthen our core business, drive sustainable profitability, and create long-term value for our shareholders. I am confident that our talented team and resilient business model will enable us to navigate future challenges and seize new opportunities in the rapidly evolving digital ecosystem.”