Arab Finance: Telecom Egypt (ETEL) reported a 43.7% year-on-year (YoY) surge in consolidated net profit attributable to the holding company for the first nine months of 2026, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 12.

Consolidated net profit attributable to the holding company stood at EGP 24.382 billion in the nine-month period ended September 30, compared to EGP 16.968 billion in the same period of 2025.

Operating revenues amounted to EGP 93.568  billion in the period from January 1 to September 30, up from EGP 78.323 billion in the same period last year.

As per the standalone financial statement, the telecom operator achieved a standalone net profit after tax of EGP 14.563 billion in the January-September period of 2026, up from EGP 5.951 billion in the comparative period of 2025.

Telecom Egypt is Egypt's first integrated telecom operator and is one of the region’s largest operators of subsea cables.

The Cairo-based company is listed on the EGX, and it operates in the sectors of communications, marine cables, infrastructure, internet services, and outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.