Telecom Egypt Company (EGX:ETEL)

Telecom Egypt Company Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	94,681	82,037	56,679	44,273	37,088	31,912
Revenue Growth (YoY)	42.38%	44.74%	28.02%	19.37%	16.22%	23.67%
Cost of Revenue	57,671	51,242	34,290	26,485	22,095	19,448
Gross Profit	37,010	30,795	22,389	17,788	14,993	12,465
Selling, General & Admin	13,051	12,287	9,467	7,814	7,479	6,081
Other Operating Expenses	476.6	565.57	519.32	30.55	-218.73	373.85
Operating Expenses	14,058	13,296	10,259	8,324	7,305	6,455
Operating Income	22,952	17,498	12,130	9,464	7,688	6,010
Interest Expense	-12,601	-10,882	-4,354	-1,286	-963.18	-1,086
Interest & Investment Income	989.42	729.23	798.89	340.74	77.23	50.13
Earnings From Equity Investments	12,409	8,663	5,280	2,695	3,150	2,206
Currency Exchange Gain (Loss)	-4,859	-4,859	-	-168.31	380.5	37.86
Other Non Operating Income (Expenses)	-566.85	-566.85	-217.15	-349.91	-81.09	-477.91
EBT Excluding Unusual Items	18,324	10,583	13,638	10,695	10,251	6,740
Merger & Restructuring Charges	-	-	-	-	-	-101.67
Gain (Loss) on Sale of Investments	-	-	-	-	-	-3.71
Gain (Loss) on Sale of Assets	-20.39	-20.39	-	-40.34	-78.5	-10.47
Pretax Income	18,304	10,562	13,638	10,655	10,173	6,624
Income Tax Expense	4,187	451.13	1,917	1,467	2,705	1,767
Earnings From Continuing Operations	14,117	10,111	11,721	9,187	7,467	4,857
Minority Interest in Earnings	-22.45	-13.19	-7.45	-5.27	-2.78	-6.65
Net Income	14,094	10,098	11,713	9,182	7,465	4,850
Preferred Dividends & Other Adjustments	1,929	1,929	1,732	1,305	-	900.98
Net Income to Common	12,166	8,170	9,981	7,877	7,465	3,949
Net Income Growth	22.25%	-13.79%	27.56%	23.01%	53.91%	10.25%
Shares Outstanding (Basic)	1,707	1,707	1,707	1,707	1,707	1,707
Shares Outstanding (Diluted)	1,707	1,707	1,707	1,707	1,707	1,707
EPS (Basic)	7.13	4.79	5.85	4.61	4.37	2.31
EPS (Diluted)	7.13	4.79	5.85	4.61	4.37	2.31
EPS Growth	24.18%	-18.15%	26.71%	5.59%	88.90%	10.30%
Free Cash Flow	4,159	-7,426	-6,652	845.62	4,818	-2,740
Free Cash Flow Per Share	2.44	-4.35	-3.90	0.49	2.82	-1.60
Dividend Per Share	1.500	1.500	1.500	1.250	1.000	0.750
Dividend Growth	-	-	20.00%	25.00%	33.33%	200.00%
Gross Margin	39.09%	37.54%	39.50%	40.18%	40.43%	39.06%
Operating Margin	24.24%	21.33%	21.40%	21.38%	20.73%	18.83%
Profit Margin	12.85%	9.96%	17.61%	17.79%	20.13%	12.38%
Free Cash Flow Margin	4.39%	-9.05%	-11.74%	1.91%	12.99%	-8.59%
EBITDA	38,469	32,008	21,919	16,855	12,811	11,174
EBITDA Margin	40.63%	39.02%	38.67%	38.07%	34.54%	35.02%
D&A For EBITDA	15,517	14,510	9,789	7,391	5,123	5,165
EBIT	22,952	17,498	12,130	9,464	7,688	6,010
EBIT Margin	24.24%	21.33%	21.40%	21.38%	20.73%	18.83%
Effective Tax Rate	22.88%	4.27%	14.06%	13.77%	26.59%	26.68%
Advertising Expenses	-	-	-	-	796.76	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.