Cash flow Telecom Egypt Company

Equities

ETEL

EGS48031C016

Integrated Telecommunications Services

End-of-day quote Egyptian Exchange Other stock markets 2026-04-20			5-day change	1st Jan Change
94.00 ^EGP	-2.34%		+0.11%	+42.92%

Mar. 30	Telecom Egypt Company announces Annual dividend, payable on April 30, 2026	CI
Feb. 26	Mideast stocks-major Gulf markets ease as investors await US-Iran developments	RE

8908a775f53855713c3e5.1A1Z7sIt7j-_sEMkpiF4QziB1JyNpgO53v95slY3HzU.tjQar4t03FiOxCtX6BQyd1e4mdHry2z2sL1PiwxkLWWxfymsuACjT4_pcw

Published financial data: TELECOM EGYPT COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	37.09B	44.27B	56.68B	82.04B	107B
Total Revenues	37.09B	44.27B	56.68B	82.04B	107B
Cost of Goods Sold, Total	21.95B	26.04B	34.29B	51.24B	61.83B
Gross Profit	15.14B	18.24B	22.39B	30.79B	44.84B
Selling General & Admin Expenses, Total	6.71B	7.81B	9.47B	12.29B	14.32B
Provision for Bad Debts	-	479M	273M	444M	726M
Other Operating Expenses	-31.63M	-136M	519M	386M	235M
Other Operating Expenses, Total	6.68B	8.16B	10.26B	13.12B	15.29B
Operating Income	8.46B	10.08B	12.13B	17.68B	29.55B
Interest Expense, Total	-963M	-1.29B	-4.35B	-10.88B	-12.83B
Interest And Investment Income	72.19M	174M	799M	550M	721M
Net Interest Expenses	-891M	-1.11B	-3.56B	-10.33B	-12.11B
Income (Loss) On Equity Invest.	3.34B	2.7B	5.03B	8.66B	14.83B
Currency Exchange Gains (Loss)	579M	-168M	-	-4.86B	1.01B
Other Non Operating Income (Expenses)	-292M	-797M	-217M	-567M	-867M
EBT, Excl. Unusual Items	11.2B	10.7B	13.39B	10.58B	32.42B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-78.5M	-40.34M	-	-20.39M	-1.31B
Asset Writedown	-	-	-	-	-198M
EBT, Incl. Unusual Items	11.13B	10.65B	13.39B	10.56B	30.91B
Income Tax Expense	2.71B	1.47B	1.92B	451M	8.57B
Earnings From Continuing Operations	8.42B	9.19B	11.47B	10.11B	22.34B
Earnings Of Discontinued Operations	-	-	-	-	237M
Net Income to Company	8.42B	9.19B	11.47B	10.11B	22.58B
Minority Interest	-3.53M	-5.27M	-7.45M	-13.19M	-23.43M
Net Income - (IS)	8.42B	9.18B	11.47B	10.1B	22.55B
Preferred Dividend and Other Adjustments	1B	1.31B	1.73B	1.93B	2.18B
Net Income to Common Incl Extra Items	7.41B	7.88B	9.73B	8.17B	20.37B
Net Income to Common Excl. Extra Items	7.41B	7.88B	9.73B	8.17B	20.13B
Per Share Items
Net EPS - Basic	4.34	4.61	5.7	4.79	11.93
Basic EPS - Continuing Operations	4.34	4.61	5.7	4.79	11.79
Basic Weighted Average Shares Outstanding	1.71B	1.71B	1.71B	1.71B	1.71B
Net EPS - Diluted	4.34	4.61	5.7	4.79	11.93
Diluted EPS - Continuing Operations	4.34	4.61	5.7	4.79	11.79
Diluted Weighted Average Shares Outstanding	1.71B	1.71B	1.71B	1.71B	1.71B
Normalized Basic EPS	4.1	3.91	4.9	3.87	11.86
Normalized Diluted EPS	4.1	3.91	4.9	3.87	11.86
Dividend Per Share	1	1.25	1.5	1.5	-
Payout Ratio	15.28	18.62	18.61	25.41	11.35
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	14.41B	17.09B	21.92B	32.19B	46.42B
EBITA	9.22B	11.37B	13.79B	19.81B	31.65B
EBIT	8.46B	10.08B	12.13B	17.68B	29.55B
EBITDAR	14.59B	17.48B	22.4B	33.07B	-
Effective Tax Rate - (Ratio)	24.31	13.77	14.32	4.27	27.72
Total Current Taxes	1.97B	1.6B	1.36B	2.68B	5.16B
Total Deferred Taxes	733M	-136M	556M	-2.23B	3.48B
Normalized Net Income	7B	6.68B	8.36B	6.6B	20.24B
Interest on Long-Term Debt	87.12M	385M	122M	180M	220M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	797M	937M	1.21B	1.36B	1.34B
Selling and Marketing Expenses	3.13B	3.67B	4.36B	5.39B	6.05B
General and Administrative Expenses	3.58B	4.14B	5.11B	6.9B	8.27B
Net Rental Expense, Total	178M	389M	483M	886M	-
Imputed Operating Lease Interest Expense	72.94M	162M	409M	1.16B	-
Imputed Operating Lease Depreciation	105M	226M	74.35M	-276M	-
Maintenance & Repair Expenses, Total	408M	540M	967M	1.33B	1.5B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.98B	6.81B	10.98B	8.28B	8.31B
Short Term Investments	-	-	-	-	2.58B
Total Cash And Short Term Investments	2.98B	6.81B	10.98B	8.28B	10.9B
Accounts Receivable, Total	6.13B	8.08B	10.41B	18.11B	18.12B
Other Receivables	2.11B	4.08B	4.25B	3.36B	3.58B
Notes Receivable	1.12M	246M	-	-	322M
Total Receivables	8.25B	12.4B	14.66B	21.46B	22.02B
Inventory	2.34B	4.28B	5.08B	8.11B	7.39B
Prepaid Expenses	-	-	-	-	103M
Other Current Assets, Total	3.72B	3.38B	3.64B	5.9B	6.35B
Total Current Assets	17.29B	26.87B	34.36B	43.75B	46.76B
Gross Property Plant And Equipment	91.2B	107B	129B	166B	194B
Accumulated Depreciation	-40.18B	-42.31B	-49.53B	-62.33B	-72.61B
Net Property Plant And Equipment	51.02B	64.75B	79.22B	104B	121B
Long-term Investments	11.01B	12.26B	14.97B	18.85B	30.85B
Goodwill	15.84M	15.84M	15.84M	15.84M	-
Other Intangibles, Total	11.13B	14.58B	21.15B	27.14B	26.87B
Accounts Receivable Long-Term	-	-	858M	964M	-
Deferred Tax Assets Long-Term	168M	-	-	2.98B	-
Other Long-Term Assets, Total	48.2M	1.42B	74.87M	107M	85.27M
Total Assets	90.68B	120B	151B	198B	226B
Liabilities
Accounts Payable, Total	2.14B	6.05B	8.2B	8.88B	11.48B
Accrued Expenses, Total	4.9B	7.64B	8.58B	11.53B	13.53B
Current Portion of Long-Term Debt	5.33B	10.41B	29.62B	42.31B	38.43B
Current Portion of Leases	146M	292M	253M	503M	616M
Current Income Taxes Payable	1.51B	663M	-	-	1.15B
Unearned Revenue Current, Total	1.1B	1.39B	1.73B	4.88B	6.46B
Other Current Liabilities	11.86B	17.9B	19.03B	21.38B	20.47B
Total Current Liabilities	26.98B	44.35B	67.42B	89.49B	92.15B
Long-Term Debt	10.99B	20.41B	19.73B	38.41B	35.33B
Long-Term Leases	839M	821M	809M	1.09B	732M
Unearned Revenue Non Current	244M	325M	380M	6.85B	9.35B
Deferred Tax Liability Non Current	3.16B	1.48B	1.45B	-	1.87B
Other Non Current Liabilities	4.14B	6.24B	9.98B	16.18B	22.77B
Total Liabilities	46.35B	73.63B	99.76B	152B	162B
Common Stock, Total	17.07B	17.07B	17.07B	17.07B	17.07B
Retained Earnings	27.26B	28.75B	30.29B	24.28B	44.79B
Comprehensive Income and Other	-15.64M	427M	3.5B	4.56B	1.79B
Total Common Equity	44.32B	46.25B	50.87B	45.91B	63.65B
Minority Interest	13.24M	15.16M	17.97M	23.68M	40.78M
Total Equity	44.33B	46.27B	50.88B	45.94B	63.69B
Total Liabilities And Equity	90.68B	120B	151B	198B	226B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.71B	1.71B	1.71B	1.71B	1.71B
ECS Total Common Shares Outstanding	1.71B	1.71B	1.71B	1.71B	1.71B
Book Value / Share	25.96	27.09	29.8	26.9	37.28
Tangible Book Value	33.17B	31.66B	29.7B	18.76B	36.78B
Tangible Book Value Per Share	19.43	18.54	17.4	10.99	21.54
Total Debt	17.31B	31.94B	50.4B	82.32B	75.11B
Net Debt	14.32B	25.13B	39.43B	74.04B	64.21B
Debt Equivalent Oper. Leases	1.42B	3.11B	3.86B	7.09B	-
Minority Interest, Total (Incl. Fin. Div)	13.24M	15.16M	17.97M	23.68M	40.78M
Equity Method Investments, Total	10.94B	12.18B	14.88B	18.73B	30.74B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	3.48B	4.03B	6.6B	5.54B
Inventories - Finished Goods, Total	442M	-	-	-	-
Inventories - Others	1.9B	801M	1.05B	1.51B	1.85B
Land - (BS)	2.39B	2.39B	2.4B	2.41B	2.41B
Buildings, Total	41.15B	46.33B	52.99B	65.11B	78.31B
Machinery, Total	38.98B	42.37B	53.37B	71.08B	84.02B
Accumulated Allowance for Doubtful Accounts (Supple)	2.24B	2.66B	-	-	4.39B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	8.42B	9.18B	11.47B	10.1B	22.55B
Depreciation & Amortization - CF	5.38B	5.98B	8.51B	12.86B	15.28B
Amortization of Goodwill and Intangible Assets - (CF)	751M	1.3B	1.66B	2.13B	2.1B
Depreciation & Amortization, Total	6.13B	7.27B	10.16B	14.99B	17.38B
Amortization of Deferred Charges, Total - (CF)	147K	188K	259K	382K	264K
Other Operating Activities, Total	1.46B	-1.87B	-4.69B	-3.57B	-2.31B
Cash from Operations	16.02B	14.59B	16.94B	21.52B	37.62B
Capital Expenditure	-11.16B	-13.74B	-23.59B	-28.95B	-27.78B
Sale of Property, Plant, and Equipment	7.56M	317K	57.41M	1.5M	203M
Sale (Purchase) of Intangible assets	-	-5.14B	-2.81B	-6.19B	-1.84B
Investment in Marketable and Equity Securities, Total	14.05M	29.18M	96.62M	66.93M	-2.42B
Other Investing Activities, Total	1.31B	1.22B	2.34B	3.52B	2.61B
Cash from Investing	-9.83B	-17.63B	-23.91B	-31.55B	-29.22B
Long-Term Debt Issued, Total	6.41B	10.96B	18.11B	16.37B	19.53B
Total Debt Issued	6.41B	10.96B	18.11B	16.37B	19.53B
Long-Term Debt Repaid, Total	-10.31B	-2.48B	-5.41B	-6.88B	-25.28B
Total Debt Repaid	-10.31B	-2.48B	-5.41B	-6.88B	-25.28B
Common Dividends Paid	-1.29B	-1.71B	-2.13B	-2.57B	-2.56B
Common & Preferred Stock Dividends Paid	-1.29B	-1.71B	-2.13B	-2.57B	-2.56B
Other Financing Activities, Total	-	-	-3.79M	-	-5.61M
Cash from Financing	-5.19B	6.77B	10.56B	6.92B	-8.31B
Foreign Exchange Rate Adjustments	-6.74M	100M	103M	227M	25.22M
Net Change in Cash	986M	3.83B	3.69B	-2.88B	119M
Supplemental Items
Cash Interest Paid	1.01B	1.08B	4.26B	10.57B	13.03B
Cash Income Tax Paid (Refund)	603M	1.06B	651M	828M	1.18B
Levered Free Cash Flow	4.9B	274M	-10.8B	-14.93B	4.2B
Unlevered Free Cash Flow	5.5B	1.08B	-8.08B	-8.13B	12.21B
Change In Net Working Capital	-5.24B	-6.39B	-585M	-956M	-5.98B
Net Debt Issued / Repaid	-3.9B	8.48B	12.7B	9.49B	-5.74B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.04	6	5.62	6.35	8.72
Return on Total Capital	8.77	9.01	8.45	9.63	13.79
Return On Equity %	20.27	20.28	23.62	20.89	40.76
Return on Common Equity	17.85	17.39	20.04	16.88	36.75
Margin Analysis
Gross Profit Margin %	40.82	41.19	39.5	37.54	42.03
SG&A Margin	18.08	17.65	16.7	14.98	13.43
EBITDA Margin %	38.85	38.61	38.67	39.24	43.51
EBITA Margin %	24.85	25.69	24.32	24.15	29.67
EBIT Margin %	22.82	22.76	21.4	21.55	27.7
Income From Continuing Operations Margin %	22.7	20.75	20.24	12.33	20.94
Net Income Margin %	22.69	20.74	20.23	12.31	21.14
Net Avail. For Common Margin %	19.99	17.79	17.17	9.96	18.87
Normalized Net Income Margin	18.87	15.09	14.75	8.05	18.97
Levered Free Cash Flow Margin	13.21	0.62	-19.06	-18.2	3.93
Unlevered Free Cash Flow Margin	14.83	2.43	-14.25	-9.91	11.45
Asset Turnover
Asset Turnover	0.42	0.42	0.42	0.47	0.5
Fixed Assets Turnover	0.77	0.78	0.81	0.89	0.94
Receivables Turnover (Average Receivables)	5.49	6.3	6.13	5.75	6.09
Inventory Turnover (Average Inventory)	9.9	7.86	7.33	7.77	7.98
Short Term Liquidity
Current Ratio	0.64	0.61	0.51	0.49	0.51
Quick Ratio	0.42	0.43	0.38	0.33	0.35
Operating Cash Flow to Current Liabilities	0.59	0.33	0.25	0.24	0.41
Days Sales Outstanding (Average Receivables)	66.43	57.92	59.5	63.6	59.92
Days Outstanding Inventory (Average Inventory)	36.87	46.42	49.82	47.1	45.73
Average Days Payable Outstanding	35.3	55.37	74.09	57.6	60.81
Cash Conversion Cycle (Average Days)	68	48.97	35.23	53.09	44.84
Long Term Solvency
Total Debt/Equity	39.04	69.03	99.06	179.19	117.93
Total Debt / Total Capital	28.08	40.84	49.76	64.18	54.11
LT Debt/Equity	26.68	45.89	40.36	85.98	56.62
Long-Term Debt / Total Capital	19.19	27.15	20.27	30.8	25.98
Total Liabilities / Total Assets	51.12	61.41	66.22	76.79	71.8
EBIT / Interest Expense	8.79	7.83	2.79	1.62	2.3
EBITDA / Interest Expense	15.16	13.49	5.12	3	3.66
(EBITDA - Capex) / Interest Expense	3.57	2.81	-0.3	0.34	1.49
Total Debt / EBITDA	1.19	1.84	2.26	2.52	1.6
Net Debt / EBITDA	0.98	1.45	1.77	2.27	1.37
Total Debt / (EBITDA - Capex)	5.04	8.85	-38.72	22.09	3.92
Net Debt / (EBITDA - Capex)	4.17	6.96	-30.28	19.87	3.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.22	19.37	28.02	44.74	30.6
Gross Profit, 1 Yr. Growth %	21.46	18.02	25.87	37.54	47.05
EBITDA, 1 Yr. Growth %	28.95	18.98	30.04	45.94	45.7
EBITA, 1 Yr. Growth %	37.27	19.93	28.97	42.28	62.25
EBIT, 1 Yr. Growth %	40.85	15.41	28.17	44.12	70.07
Earnings From Cont. Operations, 1 Yr. Growth %	73.38	9.11	24.88	-13.73	126.18
Net Income, 1 Yr. Growth %	73.54	9.09	24.87	-13.79	123.35
Normalized Net Income, 1 Yr. Growth %	66.42	-4.57	25.18	-22.49	215.63
Diluted EPS Before Extra, 1 Yr. Growth %	87.72	6.26	23.57	-18.15	153.7
Accounts Receivable, 1 Yr. Growth %	-16.72	35.11	28.86	74.02	7.2
Inventory, 1 Yr. Growth %	11.94	82.77	18.7	59.55	-8.85
Net Property, Plant and Equip., 1 Yr. Growth %	12.65	31.72	29.45	31.23	14.53
Total Assets, 1 Yr. Growth %	7.42	33.38	26.33	31.74	14.11
Tangible Book Value, 1 Yr. Growth %	11.05	-3.14	11.01	-37.16	96
Common Equity, 1 Yr. Growth %	14.38	4.37	9.98	-9.74	38.62
Cash From Operations, 1 Yr. Growth %	93.02	-8.91	16.14	27.02	74.83
Capital Expenditures, 1 Yr. Growth %	1.13	23.12	71.69	22.68	-4.03
Levered Free Cash Flow, 1 Yr. Growth %	-298	-86.84	2.01K	2.03	-127.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-406.4	-62.56	-2.87K	-31.75	-247.13
Dividend Per Share, 1 Yr. Growth %	33.33	25	20	0	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.88	17.79	23.62	36.12	37.19
Gross Profit, 2 Yr. CAGR %	26.62	20.95	22.2	31.58	41.52
EBITDA, 2 Yr. CAGR %	39.11	23.68	30.8	38.19	45.07
EBITA, 2 Yr. CAGR %	42.5	30.16	29.83	36.13	50.77
EBIT, 2 Yr. CAGR %	48.45	29.5	25.61	36.67	55.22
Earnings From Cont. Operations, 2 Yr. CAGR %	38.25	37.54	23.95	4.91	38.06
Net Income, 2 Yr. CAGR %	38.32	37.59	23.94	4.87	38.77
Normalized Net Income, 2 Yr. CAGR %	28.54	26.02	14.26	-0.59	54.17
Diluted EPS Before Extra, 2 Yr. CAGR %	43.9	41.23	14.23	1.84	42.03
Accounts Receivable, 2 Yr. CAGR %	7.32	4.7	31.3	49.74	31.97
Inventory, 2 Yr. CAGR %	-0.25	43.03	47.29	37.62	20.59
Net Property, Plant and Equip., 2 Yr. CAGR %	18.14	19.56	24	30.46	23.63
Total Assets, 2 Yr. CAGR %	11.26	19.17	29.85	28.85	22.61
Tangible Book Value, 2 Yr. CAGR %	14.99	2.95	-4.81	-16.26	10.98
Common Equity, 2 Yr. CAGR %	12.2	9.26	8.4	-0.37	11.86
Cash From Operations, 2 Yr. CAGR %	131.38	32.6	2.97	21.46	49.02
Capital Expenditures, 2 Yr. CAGR %	7.47	11.58	45.39	45.13	8.51
Levered Free Cash Flow, 2 Yr. CAGR %	-2.39	-66.73	107.49	440.16	-46.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.92	-22.51	61.16	427.61	1.24
Dividend Per Share, 2 Yr. CAGR %	100	29.1	22.47	9.54	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.66	19.71	21.1	30.29	34.06
Gross Profit, 3 Yr. CAGR %	22.61	24.53	21.56	27.12	36.1
EBITDA, 3 Yr. CAGR %	33.13	31.91	25.18	35.95	40.17
EBITA, 3 Yr. CAGR %	33.31	35.83	27.11	34.29	43.6
EBIT, 3 Yr. CAGR %	35.67	37.92	26.38	31.99	46.17
Earnings From Cont. Operations, 3 Yr. CAGR %	36.6	27.76	33.18	10.63	34.47
Net Income, 3 Yr. CAGR %	36.68	27.8	33.21	10.6	34.93
Normalized Net Income, 3 Yr. CAGR %	37.94	16.39	25.74	1.02	44.71
Diluted EPS Before Extra, 3 Yr. CAGR %	42.46	30.06	35.08	3.08	36.73
Accounts Receivable, 3 Yr. CAGR %	11.67	14.88	12.2	44.22	30.92
Inventory, 3 Yr. CAGR %	9.39	22.06	34.41	51.27	19.96
Net Property, Plant and Equip., 3 Yr. CAGR %	23.71	20.99	20.48	26.45	25.62
Total Assets, 3 Yr. CAGR %	12.45	17.85	21.29	30.37	23.73
Tangible Book Value, 3 Yr. CAGR %	15.25	8.06	-0.19	-16.97	11.19
Common Equity, 3 Yr. CAGR %	11.14	9.52	9.5	1.98	11.23
Cash From Operations, 3 Yr. CAGR %	66.09	69.58	26.87	10.43	37.14
Capital Expenditures, 3 Yr. CAGR %	11.62	12.45	28.82	37.39	26.44
Levered Free Cash Flow, 3 Yr. CAGR %	-15.79	-62.37	63.44	81.23	101.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.9	-37.76	65.1	37.76	247.07
Dividend Per Share, 3 Yr. CAGR %	-	71	25.99	14.47	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	21.6	18.98	20.01	26.03	27.3
Gross Profit, 5 Yr. CAGR %	20.21	20.24	22.21	26.67	29.18
EBITDA, 5 Yr. CAGR %	31.57	32.53	29.12	34.01	32.95
EBITA, 5 Yr. CAGR %	33.85	38.48	28.8	34.27	36.36
EBIT, 5 Yr. CAGR %	31.9	37.16	29.04	35.7	37.52
Earnings From Cont. Operations, 5 Yr. CAGR %	25.8	24.63	28.27	18.07	35.69
Net Income, 5 Yr. CAGR %	25.81	24.64	28.31	18.08	35.99
Normalized Net Income, 5 Yr. CAGR %	26.3	23.2	25.68	9.28	36.92
Diluted EPS Before Extra, 5 Yr. CAGR %	29.23	27.39	30.58	17.94	38.51
Accounts Receivable, 5 Yr. CAGR %	5.11	12.9	18.76	27.73	19.73
Inventory, 5 Yr. CAGR %	28.75	29.31	23.22	28.06	28.71
Net Property, Plant and Equip., 5 Yr. CAGR %	18.69	25.06	24.07	23.29	21.78
Total Assets, 5 Yr. CAGR %	16.93	17.9	18.76	22	21.75
Tangible Book Value, 5 Yr. CAGR %	3.2	9.47	6.51	-5.64	4.25
Common Equity, 5 Yr. CAGR %	8.31	8.7	9.52	5.46	10.44
Cash From Operations, 5 Yr. CAGR %	29.85	25.7	37.12	48.39	35.3
Capital Expenditures, 5 Yr. CAGR %	27.51	17.68	24.06	24.53	20.27
Levered Free Cash Flow, 5 Yr. CAGR %	3.94	14.98	5.66	23.77	11.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.41	72.58	1.45	12.71	46.74
Dividend Per Share, 5 Yr. CAGR %	0	37.97	-	43.1	-