Ethio Telecom’s Telebirr Processes ETB 1.03 Trillion in Transactions, Reports ETB 1.67 Billion Revenue

Ethio Telecom has delivered impressive financial and operational results, posting a 7.9% increase in subscriptions, a 43% surge in top-line growth, and a 55.5% rise in EBITDA margin year-on-year. These gains pushed the state-owned telecom giant’s provisional revenue to ETB 61.9 billion for the first half of the Ethiopian fiscal year 2024/25. The figures were presented during a six-month performance dialogue with Ethiopian Investment Holdings (EIH).

A major contributor to this success is Telebirr, Ethio Telecom’s rapidly expanding digital finance platform. According to EIH, Telebirr facilitated transactions worth ETB 1.03 trillion for over 51.5 million users during the reporting period, generating ETB 1.67 billion in revenue, underscoring its growing role in Ethiopia’s digital economy.

EIH commended Ethio Telecom’s strategic execution, digital innovation, and contributions to financial inclusion. Looking ahead, the holding company advised Ethio Telecom to maintain its growth trajectory by enhancing service quality amid intensifying competition, optimizing operational efficiency, and staying attuned to global telecom and banking trends to ensure seamless industry collaboration.