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Telecom Egypt nets 24bn

Telecom Egypt nets 24bn

Telecom Egypt posted net profit after tax of EGP 24.4 billion in the first nine months of 2026, up 44% year on year, while revenue rose 19% to EGP 93.6 billion. EBITDA increased 24% to EGP 43.1 billion, and its margin improved to 46% from 44%. The net debt-to-EBITDA ratio fell to 0.8x from 1.5x. The company was also upgraded from the small-cap to the mid-cap category in FTSE Russell’s emerging-market indices.

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