Telecom Egypt has announced a 37% year-on-year increase in its net profit for the first quarter of 2025, reaching 1.1 billion Egyptian pounds (EGP), up from 806 million EGP in Q1 2024. This growth reflects the company’s successful expansion in broadband and mobile services, fueled by ongoing digital transformation trends.
Key Financial Highlights:
- Revenues: Telecom Egypt saw an 18% increase in total revenues, which totaled 8.5 billion EGP for Q1 2025, driven by strong demand for broadband and mobile services.
- EBITDA: The company’s EBITDA grew by 15%, reaching 2.4 billion EGP, contributing to a strong operating margin.
- Broadband & Mobile Growth: The broadband segment continued to lead revenue growth, while Telecom Egypt’s mobile subscriber base increased in both data and voice services.
- Capital Investments: Telecom Egypt made substantial investments in expanding its network infrastructure, including fiber-optic cables and enhancing 5G network capabilities.
CEO Statement:
Ahmed El Beheiry, CEO of Telecom Egypt, stated: “We are thrilled with the continued growth in both revenues and profitability. This success underscores the effectiveness of our digital strategy and commitment to delivering state-of-the-art services. Our strong market position and innovative offerings in broadband and mobile will solidify our leadership in Egypt’s telecom sector.”
Market Outlook:
Telecom Egypt is focused on expanding its customer base and diversifying its offerings to include more value-added services. With increasing demand for digital services, particularly mobile data and internet, the company is well-positioned to meet the evolving needs of both consumers and businesses in Egypt.
In conclusion, Telecom Egypt’s robust financial performance highlights its resilience and adaptability in a rapidly changing market, driven by growing demand for digital connectivity in Egypt.
