Ethio Telecom

Telecom

Listed on ESX · TELE

Strong

Medium confidence

state-owned-share-companyRegulator: otherFounded: 1894Website

5-year performance

Net profit

Source

+5.5%

Overview

About

Ethiopia's state-owned telecommunications operator, majority-owned by Ethiopian Investment Holdings. Converted from a public enterprise to a share company in July 2024 and listed on the Ethiopian Securities Exchange following its October 2024 initial public offering.

Revenue grew 27.7% to ETB 91,371 million in the year ended 30 June 2024, and profit after tax rose to ETB 19,013 million from ETB 18,028 million a year earlier. Total assets stood at ETB 214,192 million.

Source

Revenue · 2016EC

ETB 91.37B

+27.7%

Net profit · 2016EC

ETB 19.01B

+5.5%

Total assets · 2016EC

ETB 214.19B

Source

Total expenses · 2016EC

ETB 76.65B

Latest disclosure

2025/26 Budget Year Annual Business Performance Report

press-release

16 Hamle 2018

View disclosure

Performance

Income statement

Fiscal year	2014EC	2015EC	2016EC
Total Revenue	ETB 59.45B	ETB 71.53B	ETB 91.37B
Total Expenses	ETB 52.76B	ETB 58.96B	ETB 76.65B
Net Profit	ETB 9B	ETB 18.03B	ETB 19.01B
Direct Costs	ETB 9.75B	ETB 11.32B	ETB 25.61B
Operating Expenses	ETB 20.87B	ETB 27.7B	ETB 28.61B
Net Impairment Losses	-ETB 272M	ETB 348M	ETB 232M
Other Income	ETB 2.32B	ETB 5.46B	ETB 4.29B
Ebitda	ETB 31.41B	ETB 37.62B	ETB 41.22B
Depreciation Amortisation	ETB 6.63B	ETB 6.5B	ETB 8.36B
Operating Profit	ETB 24.78B	ETB 31.12B	ETB 32.86B
Net Finance Costs	ETB 6.95B	ETB 2.94B	ETB 3.07B
Profit Before Tax	ETB 17.83B	ETB 28.19B	ETB 29.79B
Income Tax Expense	ETB 8.83B	ETB 10.16B	ETB 10.78B

Balance sheet

Fiscal year	2014EC	2015EC	2016EC
Total Assets	ETB 189.02B	ETB 215.09B	ETB 214.19B
Equity	ETB 101.56B	ETB 119.71B	ETB 113.49B
Total Liabilities	ETB 87.46B	ETB 95.38B	ETB 100.7B
Cash And Cash Equivalents	ETB 28.19B	ETB 33.55B	ETB 29.64B