Telecom Egypt has released its Q1 2025 results, showing sustained revenue growth, improved operational efficiency, and healthy cash flow, reinforcing the company’s strong financial trajectory.
Key highlights from the report include:
- Total revenue surged by 42% YoY, reaching EGP 24.8 billion, driven by a strong performance in the Retail segment, which contributed 57% to total revenue and accounted for 56% of the YoY revenue growth.
- Customer base growth across Mobile, Fixed Broadband, and Fixed Voice increased by 10%, 8%, and 4%, respectively, YoY.
- EBITDA rose by 49% YoY, totaling EGP 10.9 billion, with a robust margin of 44%, up from 42% in the prior year.
- Income from VFE increased by 3.6x YoY, reaching EGP 3.2 billion.
- Normalized net profit climbed 39% YoY to EGP 5.2 billion, reflecting a 21% net profit margin.
- In-service CapEx was EGP 2.3 billion (9% of sales), while Cash CapEx stood at EGP 6.8 billion (27% of sales).
- Net debt/EBITDA (annualized) improved to 1.6x from 2.2x in Q4 2024.
- FCFF (excluding EGP 0.2 billion for licenses) amounted to EGP 3.8 billion, translating to a 35% FCFF/EBITDA ratio.
Mohamed Nasr, Managing Director and CEO of Telecom Egypt, commented:
“We are pleased to report strong Q1 results that confirm our growth trajectory. With total revenue rising by 42% YoY, supported by strong Retail and Wholesale performances, and EBITDA increasing by 49%, our operational efficiency has enabled us to offset inflationary cost pressures. This growth momentum reflects our decade of strategic investments and positions us well to meet the accelerating demand for connectivity.”
Nasr further highlighted the company’s performance in the Retail segment, which saw a 40% YoY revenue increase, driven by a 45% growth in the Home & Consumer business following a 30% price adjustment in December 2024. The Wholesale segment also performed well, with revenue up by 44% YoY, driven by robust growth in the Domestic and ICA business units.
“Our disciplined financial approach and optimized capital structure have contributed to strong cash flow generation, with FCFF reaching EGP 3.8 billion, ensuring we remain on track to meet our full-year targets. We are focused on long-term, sustainable growth, operational excellence, and financial resilience, supported by strong strategic partnerships and a committed team,” Nasr added.
Telecom Egypt’s results reflect the company’s ability to leverage its extensive assets to capitalize on the demand for both local and global connectivity, positioning itself for continued success in the dynamic telecom industry.
