Telecom Egypt’s board has approved the company’s 2026 budget, outlining performance guidance that reflects confidence in sustained growth and improved financial strength. The approved key performance indicators include high single-digit revenue growth and an EBITDA margin in the low forties, according to an official statement.
The budget also targets an in-service capital expenditure-to-sales ratio in the low twenties and a positive free cash flow to firm (FCFF)-to-EBITDA ratio in the mid-thirties. These metrics highlight the company’s focus on disciplined investment and strong cash generation.
Commenting on the outlook, Managing Director and CEO Tamer El-Mahdi said Telecom Egypt is entering 2026 with renewed confidence, building on the resilience and progress achieved over the past year. He emphasized that the company’s strategic priority is converting growth into stronger financial results while refining its capital allocation approach.
El-Mahdi added that Telecom Egypt will prioritize investments that deliver higher returns, strengthen network infrastructure, and enhance service quality, while maintaining healthy cash flows. He also highlighted the company’s intention to leverage its asset base, digital capabilities, and diversified service portfolio to create long-term shareholder value and support Egypt’s broader development objectives.
Telecom Egypt’s strong performance in 2025 underpins this confidence. In the first nine months of the year, consolidated net profit after tax nearly doubled to EGP 16.98 billion, up from EGP 8.64 billion in the same period a year earlier
