Overview
Ethio Post — reporting as Ethiopian Postal Service Enterprise — is Ethiopia's national postal operator, held by Ethiopian Investment Holdings since the December 2024 portfolio expansion. Established in 1894, it carries mail, parcel and EMS courier traffic, international transit mail for foreign postal administrations, logistics and government services through a branch network of more than 700 outlets, and rebranded from the Ethiopian Postal Service Enterprise to Ethiopost in 2019. It reports under IFRS with a financial year ending 7 July and is audited by Audit Service Corporation; EIH groups it under Energy and Connectivity.
Revenue almost doubled to ETB 2.88B, but profit after tax fell 48% to ETB 71.69M: direct costs rose to ETB 1.53B and the statement carries a net other operating expense of ETB 308.22M where the prior year had other operating income. Total assets grew to ETB 3.50B against total liabilities of ETB 2.74B, and the enterprise paid ETB 210.11M out through financing activities. The auditor issued an unqualified opinion.
SourceETB 2.88B
ETB 71.69M
ETB 3.5B
SourceETB 2.81B
Performance
Income statement
| Fiscal year | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|---|
| Total Revenue | ETB 595.81M | ETB 870.13M | ETB 1.17B | ETB 1.46B | ETB 2.88B |
| Total Expenses | ETB 532.03M | ETB 734.32M | ETB 1.03B | ETB 1.33B | ETB 2.81B |
| Net Profit | ETB 63.78M | ETB 135.81M | ETB 139.74M | ETB 138.9M | ETB 71.69M |
| Direct Costs | ETB 248.28M | ETB 333.8M | ETB 438.59M | ETB 606.96M | ETB 1.53B |
| Gross Profit | ETB 347.53M | ETB 536.33M | ETB 734.97M | ETB 857.23M | ETB 1.35B |
| Operating Expenses | ETB 303.38M | ETB 353.56M | ETB 578.87M | ETB 682M | ETB 857.78M |
| Other Operating Income | ETB 55.5M | ETB 20.34M | ETB 65.73M | ETB 96.62M | — |
| Ebitda | ETB 99.65M | ETB 203.12M | ETB 221.83M | ETB 271.85M | ETB 188.06M |
| Depreciation And Amortization | ETB 37.31M | ETB 35.61M | ETB 37.25M | ETB 53.08M | ETB 71.29M |
| Ebit | ETB 62.34M | ETB 167.51M | ETB 184.58M | ETB 218.77M | ETB 116.77M |
| Finance Income Net | ETB 13.74M | ETB 16.34M | ETB 15.1M | ETB 2.93M | ETB 7.7M |
| Profit Before Tax | ETB 76.09M | ETB 183.85M | ETB 199.68M | ETB 221.7M | ETB 124.47M |
| Income Tax Expense | ETB 12.31M | ETB 48.04M | ETB 59.94M | ETB 82.79M | ETB 52.78M |
| Other Operating Income Expense | — | — | — | — | -ETB 308.22M |
Balance sheet
| Fiscal year | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|---|
| Total Assets | ETB 1.67B | ETB 1.76B | ETB 1.92B | ETB 2.21B | ETB 3.5B |
| Equity | ETB 503.08M | ETB 636.94M | ETB 738.22M | ETB 816.5M | ETB 759.27M |
| Non Current Assets | ETB 902.27M | ETB 902.01M | ETB 1.03B | ETB 1.3B | ETB 1.52B |
| Current Assets | ETB 763.13M | ETB 860.72M | ETB 888.18M | ETB 912.44M | ETB 1.98B |
| Total Liabilities | ETB 1.16B | ETB 1.13B | ETB 1.18B | ETB 1.39B | ETB 2.74B |
Cash flow
| Fiscal year | 2013EC | 2014EC | 2015EC | 2016EC | 2017EC |
|---|---|---|---|---|---|
| Operating | -ETB 253.92M | ETB 96.83M | ETB 61.38M | ETB 200.38M | ETB 636.37M |
| Investing | -ETB 35.17M | -ETB 29.54M | -ETB 149M | -ETB 261.88M | -ETB 208.24M |
| Financing | ETB 0 | ETB 0 | -ETB 3M | ETB 26.7M | -ETB 210.11M |
Financial health
Return on equity (ROE)
9.4%
Return on assets (ROA)
2.1%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Competitors
Peer institutions in the same sector, latest fiscal year.
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