Telecom Egypt, the country’s primary telecoms provider, posted a 61.36% year-on-year (y/y) jump in H1 of the current year to EGP 10.52bn ($217.8mn), the company said in a disclosure to the stock exchange on August 14.
Telecom Egypt posted EGP 6.515bn in the six months of 2024.
Basic and diluted earnings per share climbed to EGP 6.16 by the end of June 2025, up from EGP 3.81 in H1 2024. Operating revenues also saw a significant rise, reaching EGP 50.6bn versus EGP 37.952bn a year earlier, according to the statement.
On a standalone basis, net profit after tax amounted to EGP 5.728bn, up from EGP 4.416bn in the previous year, while standalone revenues grew to EGP 35.749bn from EGP 27.727bn. The positive performance was driven by the company’s robust growth in data services, wholesale agreements, and infrastructure projects.
Telecom Egypt has been actively expanding its fibre-optic network and enhancing 5G readiness to support the country’s Vision 2030 digital economy goals. The company also announced new international connectivity agreements aimed at positioning Egypt as a regional data hub
The EGX-listed Telecom Egypt is majority-owned by the Egyptian government and offers fixed-line, mobile, and broadband services to millions of customers nationwide.
In early July 2025, Telecom Egypt and subsea supplier SubCom completed two landings for the Southeast Asia-Middle East-Western Europe 6 (SEA-ME-WE-6) subsea cable system in Port Said on the Mediterranean coast and in Ras Ghareb on the Red Sea, according to Developing Telecoms.
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