Ethio Telecom, Ethiopia’s state-owned telecoms behemoth, claimed a significant rise in profit for the fiscal year 2025/26, owing to rapid subscriber growth, expanded digital offerings, and the sustained success of its mobile money platform, Telebirr.
- Ethio Telecom reported a net profit of $581 million for 2025/26, up 47.5% from the previous year.
- Revenue rose to approximately $1.35 billion, marking a 33.2% increase fuelled by subscriber and digital service growth.
- The total subscriber base reached 90.1 million, reflecting ongoing investment in network and digital infrastructure.
- The mobile money platform Telebirr handled about $25.7 billion in transactions and gained 12.71 million new users in one year.
The corporation reported a net profit of $581 million, up 47.5% from $394 million in the previous fiscal year.
Ethio Telecom’s revenue also increased dramatically over the period, reaching approximately $1.35 billion, up 33.2% from $1.01 billion the previous year, as seen on Sputnik.
Chief Executive Officer Frehiwot Tamiru presented the company’s annual performance report, stating that Ethio Telecom’s overall subscriber base has expanded to 90.1 million, indicating continuous investment in network development and digital infrastructure across the nation.
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She stated that the corporation has remained committed to assisting Ethiopia’s digital transformation strategy, including extending access to modern telecoms services and using emerging technologies to boost statewide connectivity.
Telebirr, the company’s mobile money platform, remained a key growth driver. During the fiscal year, the service handled roughly $25.7 billion in transactions, with a user base of more than 60 million.
Telebirr also recruited 12.71 million new users over the last year, with average daily transaction volumes of approximately $68.8 million, demonstrating Ethiopia’s rapid acceptance of digital financial services, Fana reports.
The portal also helped the country’s foreign exchange profits by producing more than $40 million through remittance services.
