Corporate news
Telecom Egypt [ETEL]
Strong Operational Performance with Lower Interest Burden and Proposed dividend of EGP 1.5 per share
Buy Recommendation with a target Price: EGP 109
• The company recorded a 31% year-on-year revenue growth by the end of FY2025, reaching EGP 106 billion, compared to EGP 81 billion in FY2024.
• Gross profit margin increased to 42%, up from 37% in the comparable period
• Operating profit increased by 62% YoY, reaching EGP 28 billion at the end of 2025, compared to EGP 17 billion in 2024
• Net profit recorded EGP 22.5 billion, compared to EGP 10 billion in the previous year, with a net profit margin of 21%, up from 12% in 2024
• Interest expenses declined significantly in 2025, representing 49%, compared to 94% at the end of 2024
The Board of Directors proposed a cash dividend of EGP 1.5 per share, equivalent to 11% of annual EPS
Walaa Mosalam – Prime Research
WMosalam@egy.primegroup.org