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NileSat records 24.3% YoY lower profits in H1 2026

Updated 8/16/2026 8:12:00 AM
NileSat records 24.3% YoY lower profits in H1 2026

Arab Finance: Egyptian Satellites (NileSat) generated $24.468 million in net profits for the first half (H1) of 2026, 24.33% year-on-year (YoY) lower than $32.337 million, the financial results showed.

Earnings per share (EPS) retreated to $0.66 in H1 2026 from $0.87 in H1 2025, while revenues fell to $48.203 million from $48.632 million.

Established in 1996, the company owns and operates satellites, as well as creates, manages, markets, and distributes bouquets of channels. It provides television and radio broadcasting services.

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