Telecom Egypt · EGX:ETEL
Telecom Egypt — Q3 2025 Earnings Presentation
20 slides from Telecom Egypt's earnings presentation, 2025
Slide 1: Results Presentation Q3 2025
Results Presentation telecomegypt Q3 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by Telecom Egypt (hereinafter referred to as the “Company” or “TE”) exclusively for informational purposes. The content of this document has not been independently verified. It contains forward-looking statements concerning the Company’s future business, fi
Slide 3: 9M 2025 Results Highlights
9M 2025 Results Highlights Momentum Driving Profitable Expansion Revenue (EGP bn) EBITDA (EGP bn) Net Profit Customers (mn) (EGP bn) Fixed Voice: 13.8 (7% YoY) 78.1bn 34.5bn 17.0bn Fixed Data: 10.9 (8% YoY) +34% YoY +48% YoY 96% YoY Mobile: 14.8 (9% YoY) Total revenue grew 34% YoY, EBITDA increased
Slide 4: Main Events Year to Date
Main Events Year to Date Main Events 30 Sep 2025: Telecom Egypt Announces 22 Sep 2025: Telecom Egypt Expands into a Board and Executive Leadership Changes New Point of Presence at Aqaba Digital Hub in Jordan Telecom Egypt announced the appointment of Tamer Telecom Egypt, the total telecom operator i
Slide 5: Main Events Year to Date
Main Events Year to Date Main Events 02 Jul 2025: SEA-ME-WE-6 Subsea Cable 11 Jun 2025: PCCW Global, Sparkle, Telecom Completes its Two Landings and Crossing Egypt and ZOI to Construct AAE-2 Subsea Activities in Egypt Cable Linking Asia, Africa, and Europe Telecom Egypt, the total telecom operator i
Slide 6: Main Events Year to Date
Main Events Year to Date Main Events 23 Jan 2025: Telecom Egypt Activates 18 Jan 2025: Telecom Egypt Awarded ‘Best Mediterranean Subsea Link on 2Africa Investor Relations – Telecom Company’ at Using Cisco Technology the International Finance Awards 2024 Telecom Egypt announced the activation of a Te
Slide 7: Financial Highlights
Financial Highlights Revenue EBITDA (In EGP mn) +35.4% +34.2% (In EGP mn) +56.9% +48.3% +7.5% +11.9% 78,063 34,463 58,156 23,231 27,634 12,499 25,710 11,165 20,406 7,967 Q3 2024 Q2 2025 Q3 2025 9M 2024 9M 2025 Q3 2024 Q2 2025 Q3 2025 9M 2024 9M 2025 Operating Profit Net Profit (In EGP mn) (In EGP mn
Slide 8: Customer Base and ARPU
Customer Base and ARPU Fixed Line Fixed Broadband (In 000s) (In 000s) +6.8% +8.3% +1.9% +2.8% 10,861 13,826 10,560 13,575 10,376 13,339 10,255 13,217 10,032 12,941 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Mobile ARPU (In 000s) (In EGP) +8.8% Fixed Line ARPU +1.
Slide 9: Total Revenues 9M 2025 YoY
Total Revenues 9M 2025 YoY (EGP mn) +34% 1,418 1,547 4,312 927 11,702 Cable Projects +811 Transit Cables O&M Voice 78,063 Voice Infrastructure & +1,139 +355 + 1,483 +169 Transmission +1,532 Incoming Int’l Capacity Sales 58,156 Data Data +3,063 -573 + 10,219 + 498 Int’l Voice Services Outgoing Int’l
Slide 10: Total Revenues Q3 2025 YoY
Total Revenues Q3 2025 YoY (EGP mn) +35% 641 1,332 326 872 4,057 Cable Projects +457 Cables O&M 27,634 Voice Voice +95 Infrastructure & Transit + 523 +54 Transmission +472 +870 Capacity Sales 20,406 Data Data Incoming Int’l +862 -156 + 3,534 + 167 Int’l Voice Services Outgoing Int’l Calls Data Cente
Slide 11: Revenue by Business Unit
Revenue by Business Unit Retail Segment Drives Sustained Growth International Customers & Home & Consumer Enterprise Domestic International Carriers Networks +44.1% +44.6% +14.6% +14.6% +44.3% +24.4% +35.9% +43.0% +19.5% +15.4% +3.3% +8.8% +21.1% +3.8% +18.5% 37,965 10,597 7,882 14,339 7,280 9,179 6
Slide 12: Income Statement (9M 2025)
Income Statement (9M 2025) In EGP mn 9M 2025 9M 2024 YoY Q3 2025 Q2 2025 Q3 2024 QoQ YoY • Top-line revenue witnessed a significant 34% YoY increase, driven by a 39% YoY increase in Retail revenue and a 28% YoY increase in Wholesale revenue. Revenue Revenue 78,063 58,156 34% 27,634 25,710 20,406 7%
Slide 13: Income Statement (Q3 2025)
Income Statement (Q3 2025) In EGP mn 9M 2025 9M 2024 YoY Q3 2025 Q2 2025 Q3 2024 QoQ YoY • Top-line revenue increased by 35% YoY to EGP 27.6bn. This performance was primarily driven by Revenue 78,063 58,156 34% 27,634 25,710 20,406 7% 35% a 38% increase in Retail revenue and a 32% increase in Wholes
Slide 14: Operating Profit 9M 2025 YoY
Operating Profit 9M 2025 YoY (EGP mn) +64% -2,966 -3,811 -1,388 -510 -1,715 19,907 -382 -1,028 20,708 12,601 9M 2024 Operating Profit Revenue Call Costs Other COGS Employee costs SG&A D&A Provisions Other Income/Expense 9M 2025 Operating Profit /ECL reversal 14 Total COGS
Slide 15: Operating Profit Q3 2025 YoY
Operating Profit Q3 2025 YoY (EGP mn) +60% -899 -1,242 -347 -210 -490 7,228 -210 -1,215 6,974 4,358 Q3 2024 Operating profit Revenue Call Costs Other COGS Employee costs SG&A D&A Provisions Other Income/Expense Q3 2025 Operating profit /ECL reversal 15 Total COGS
Slide 16: Balance Sheet Highlights
Balance Sheet Highlights Total Debt Net Debt (EGP mn) (EGP mn) Short Term Cash Long Term Total Debt 80,726 76,421 Net Debt 2,983 6,811 10,978 8,279 7,383 48% 51% 49,342 -16,321 -30,826 40% -49,342 30,826 16,321 66% 52% -76,421 49% -80,726 60% %67 33% 34% 13,338 24,015 38,364 72,447 69,038 FY 2021 FY
Slide 17: CapEx Analysis
CapEx Analysis In-Service CapEx Breakdown of In-Service CapEx (EGP mn) Access Network 3% 9% Capex Capex/sales 14,0 00 200 % Transmission 12,770 12,162 12,0 00 11,721 180 % 8% 160 % International cable 10,0 00 140 % 9M 2025 120 % 13% 8,00 0 100 % Customer care 6,00 0 5,249 80% 67% 4,150 60% 4,00 0 28
Slide 18: Cash Flow Analysis
Cash Flow Analysis Net Cash from Operating Activities FCFF (EGP mn) (EGP mn) Operating cash flow FCFF Operating cash flow (excl.interest & tax )/ EBITDA FCFF Excluding Mobile Licenses 157% 175 % 12,111 12,333 20,0 01 22,668 155 % 122% 8,451 116% 115% 135 % 102% 15,0 01 115 % 6,029 * 15,019 95% 349 4
Slide 19: Our Performance in Context
Our Performance in Context 9M 2025 FY 2025 actual budget Revenue growth YoY 34% Low 20s EBITDA margin (%) 44% High 30s In-service: 16% In-service: CapEx/Sales (%) Cash: 27% Low 20s FCFF/EBITDA (%) 35% Early 40s 19
Slide 20: Thank You
Thank You Investor relations team investor.relations@te.eg Check our website: ir.te.eg