Ethio Telecom has reported a significant shift in its revenue composition for the 2025/26 fiscal year, with data and internet services overtaking mobile voice as the primary driver of income for the first time in the company's history. The state-owned operator recorded a total revenue of 215.82 billion ETB, representing a 33.2 percent year-on-year increase, a milestone that reflects the broader growth of the Ethiopian business and market landscape.
According to the company's annual performance report, data and internet services accounted for 31.1 percent of total revenue, while mobile voice services contributed 23.5 percent. This transition reflects a broader trend in Ethiopia's digital economy, supported by a 35.9 percent cumulative average annual growth rate in data revenue since 2018.
The company also reported a 27 percent increase in total assets, reaching 420 billion ETB. Operational efficiency initiatives, known as the Do2Save programme, contributed 14.6 billion ETB in savings, helping to offset rising operational costs stemming from fuel price fluctuations and global economic pressures.
Capital Market Performance
Since its transition into a public share company, Ethio Telecom has seen notable activity in its share value. According to the company, the price per share has risen from an initial 300 ETB at the start of secondary market trading on May 18, 2018 (Ethiopian Calendar), to 852 ETB. Investors tracking these trends can view the live stock price updates to monitor market movements. To date, nearly 47,000 share purchase requests have been processed, with 96 percent of these shares successfully completing the dematerialization process.
Financial Highlights
| Metric | 2025/26 Performance |
|---|
| Total Revenue | 215.82 Billion ETB |
| EBITDA | 113.1 Billion ETB |
| Operating Profit (EBIT) | 92.9 Billion ETB |
| Total Assets | 420 Billion ETB |
| Foreign Currency Earnings | 188.48 Million USD |
Chief Executive Officer Frehiwot Tamiru confirmed that the company remains focused on infrastructure and digital platform investments. The operator also highlighted its role in the national economy, generating 188.48 million USD in foreign currency earnings through international partnerships, roaming services, and wholesale connectivity. For those looking to explore further investment opportunities in the country, the company's performance serves as a key indicator of the evolving financial data and market intelligence available to stakeholders. The company expects to publish final audited figures shortly, followed by the distribution of dividends to shareholders.
