Ethio Telecom Reports $581 Million Net Profit in 2025/26 Fiscal Year
Ethio Telecom Reports $581 Million Net Profit in 2025/26 Fiscal Year
The figure represents a 47.5% increase from the about $394 million recorded in the previous fiscal year (2024/25), CEO Frehiwot Tamiru said.
The company generated nearly $1.35 billion in total revenue, representing a 33.2% increase compared to about $1.01 billion recorded in June 2025.
Key figures from the company’s 2025/26 performance report:
🟠Fixed broadband users reached 1 million;
🟠The company invested billions of dollars during the fiscal year;
🟠Telebirr processed about $25.7 billion in transactions;
🟠Telebirr users surpassed 60 million;
🟠Daily Telebirr transactions reached about $68.8 million;
🟠Telebirr gained 12.71 million new users year-on-year;
🟠Remittance services brought in over $40 million in foreign currency.
Video by a Sputnik Africa correspondent
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