Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Ethio Telecom
On this page
Company details
- Legal name
- Ethio Telecom Share Company
- Listing
- TELE on the Ethiopian Securities Exchange, active (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 June
Overview
Year ended 30 June 2024 · annual report, signed / final · source
Read with these figures
- Issued under a former name. Issued by Ethio Telecom as a public enterprise (Council of Ministers Regulation No.
Full wording and sources
Issued under a former name
Issued by Ethio Telecom as a public enterprise (Council of Ministers Regulation No. 197/2010). On 1 July 2024 it was converted into Ethio Telecom Share Company, keeping its commercial registration MT/AA/5/0016147/2004, as the issuer's ESX prospectus states; identity case 23.
Source: Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024) (dated 2024-08-16)
-
Revenue
ETB 91.4 billion
91,371,290 ETB thousands · p12
+27.7% vs 2023
-
Operating profit / (loss)
ETB 32.9 billion
32,858,411 ETB thousands · p12
+5.6% vs 2023
-
Profit / (loss) for the year
ETB 19.0 billion
19,013,443 ETB thousands · p12
+5.5% vs 2023
-
Total assets
ETB 214 billion
214,191,635 ETB thousands · p13
+7.3% vs 2023
-
Total equity
ETB 113 billion
113,493,516 ETB thousands · p13
+8.8% vs 2023
-
Cash from operations
ETB 33.6 billion
33,571,265 ETB thousands · p15
+4.3% vs 2023
Large amounts are rounded for reading (ETB million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ETB thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 30 Jun 2024 — annual report, signed / final; reported for the year · source
- FY to 30 Jun 2023 — annual report, signed / final; comparative in the FY to 30 Jun 2024 filing · source
Income statement
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Revenue from contracts with eustomers | 91,371,290 | 71,525,993 |
| Direct costs1 | (25,606,800) | (18,708,212) |
| Operating expenses | (28,606,550) | (20,310,509) |
| Net impairment losses on financial asset2 | (232,387) | (347,607) |
| Other income (expense)3 | 4,294,494 | 5,460,102 |
| Depreciation of property, plant and equipment | (7,529,546) | (5,785,449) |
| Depreciation charge of right of use asset4 | (424,275) | (383,706) |
| Amortization intangible assets | (403,420) | (323,310) |
| Depreciation charge of Investment Property5 | (4,395) | (4,395) |
| Depreciation and amortisation (unlabelled subtotal)6 | (8,361,636) | (6,496,860) |
| Operating profit | 32,858,411 | 31,122,907 |
| Finance income | 10,607 | 31,764 |
| Finance costs | (3,078,559) | (2,967,893) |
| Finance costs - net7 | (3,067,952) | (2,936,129) |
| Profit before income tax | 29,790,459 | 28,186,778 |
| Income tax (expense) / credit | (10,777,016) | (10,158,764) |
| Profit after tax | 19,013,443 | 18,028,014 |
| obligations8 | (186,396) | 186,047 |
| Deferred tax (liability)/asset on remeasurement gain or loss9 | 55,919 | (55,814) |
| Other comprehensive income (unlabelled subtotal) | (130,477) | 130,233 |
| Total comprehensive income for the Year | 18,882,966 | 18,158,247 |
Notes and alternative reported figures (9)
- “Direct costs” is an issuer-specific line, not mapped to a shared definition: Note 6(a): direct costs (printed negative).
- “Net impairment losses on financial asset” is an issuer-specific line, not mapped to a shared definition: Note 14(b).
- “Other income (expense)” is an issuer-specific line, not mapped to a shared definition: Note 8.
- “Depreciation charge of right of use asset” is an issuer-specific line, not mapped to a shared definition: Note 12.
- “Depreciation charge of Investment Property” is an issuer-specific line, not mapped to a shared definition: Note 13(a).
- “Depreciation and amortisation (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the four depreciation and amortisation lines.
- “Finance costs - net” is an issuer-specific line, not mapped to a shared definition: Finance income less finance costs.
- “obligations” is an issuer-specific line, not mapped to a shared definition: OCI, note 18.
- “Deferred tax (liability)/asset on remeasurement gain or loss” is an issuer-specific line, not mapped to a shared definition: OCI, note 10(a).
Balance sheet
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Property, plant and equipment | 141,548,616 | 129,838,499 |
| Right of use assets | 1,247,275 | 1,207,765 |
| Intangible assets | 1,864,563 | 1,293,718 |
| Investment Property | 209,291 | 213,686 |
| Other assets1 | 261 | 310 |
| Other financial assets at amortised cost2 | 7,101,156 | 7,101,156 |
| Deferred tax Assets | 3,569,757 | 3,656,360 |
| Non-current assets (unlabelled subtotal) | 155,540,919 | 143,311,494 |
| Inventories | 14,921,202 | 11,036,300 |
| Other assets1 | 4,565,762 | 2,974,275 |
| Trade receivables | 9,505,447 | 6,773,369 |
| Other financial assets at amortised cost3 | 15,188 | 2,019,741 |
| Cash and cash equivalents | 29,643,117 | 33,544,592 |
| Current assets (unlabelled subtotal) | 58,650,716 | 56,348,277 |
| Total assets | 214,191,635 | 199,659,771 |
| Borrowings | 13,001,808 | 16,927,715 |
| Provisions4 | 159,549 | 127,778 |
| Lcase liabilities | 731,928 | 647,210 |
| Grants5 | 455 | 497 |
| Defined benefit liabilities | 956,574 | 597,441 |
| Non-current liabilities (unlabelled subtotal) | 14,850,314 | 18,300,641 |
| Borrowings | 4,683,898 | 5,212,627 |
| Contract liabilities | 8,099,163 | 8,231,309 |
| Trade and other payables | 63,901,534 | 53,636,335 |
| Provisions | 20,198 | 31,956 |
| Lease liabilities | 298,352 | 341,037 |
| Grants6 | 21 | 23 |
| Defined benefit liabilities7 | 51,077 | 76,288 |
| Current income tax | 8,793,560 | 7,245,392 |
| Current liabilities (unlabelled subtotal) | 85,847,803 | 77,079,033 |
| Total liabilities | 100,698,117 | 95,379,674 |
| Capital | 100,000,000 | 100,000,000 |
| Retained carnings | 10,201,823 | 1,808,599 |
| Legal reserve8 | 3,251,996 | 2,301,324 |
| Other reserves9 | 39,697 | 170,174 |
| Total equity | 113,493,516 | 104,280,097 |
| Total equity and liabilities | 214,191,635 | 199,659,771 |
| Dividend payable | Not reported in this filing10 | 2,304,066 |
Notes and alternative reported figures (10)
- “Other assets” is an issuer-specific line, not mapped to a shared definition: Note 14(a).
- “Other financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 14(c) (treasury note receivable).
- “Other financial assets at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 14(c).
- “Provisions” is an issuer-specific line, not mapped to a shared definition: Note 19(c).
- “Grants” is an issuer-specific line, not mapped to a shared definition: Deferred government grants, non-current.
- “Grants” is an issuer-specific line, not mapped to a shared definition: Deferred government grants, current.
- “Defined benefit liabilities” is an issuer-specific line, not mapped to a shared definition: Note 18, current portion.
- “Legal reserve” is an issuer-specific line, not mapped to a shared definition: Note 21.
- “Other reserves” is an issuer-specific line, not mapped to a shared definition: Note 22.
- Not reported in this filing: The line 'Dividend payable' (Statement of financial position, current liabilities, p13, scanned page) carries a 2023 amount only (2,304,066); the 30 June 2024 column is blank (p13). Read on the page image. Blank is not read as nil.
Cash flow
| Line (as printed) | FY to 30 Jun 2024Annual reportreported for the year | FY to 30 Jun 2023Annual reportcomparative in FY to 30 Jun 2024 filing |
|---|---|---|
| Cash generated from operations | 43,183,292 | 43,771,628 |
| Interest income received | 10,607 | 30,986 |
| Interest expense paid | (799,560) | (1,042,711) |
| Income tax paid | (8,823,074) | (10,560,943) |
| Net cash (outflow)/inflow from operating activities | 33,571,265 | 32,198,961 |
| Purchase of intangible assets | (575,329) | (8,678) |
| Purchase of property, plant and equipment | (19,660,923) | (17,895,120) |
| Payment for right of use assets1 | (3,365) | (6,324) |
| Proceeds from sale of property, plant and equipment | 146,836 | 187,162 |
| Net eash (outflow)/inflow from investing activities | (20,092,781) | (17,072,960) |
| Kepayments of borrowings | (5,893,223) | (6,610,985) |
| Principal elements of lease payments | (406,240) | (395,338) |
| Payment of Dividend | (9,973,611) | (2,500,000) |
| Net cash (outflow)/inflow from financing activities | (16,273,075) | (9,506,323) |
| Net increase/(decrease) in cash and cash equivalents | (2,794,590) | 5,619,678 |
| Cash and cash equivalents at the beginning of the year | 33,544,592 | 28,191,157 |
| Effects of exchange rate changes on cash and cash equivalent | (1,106,885) | (266,244) |
| Cash and cash equivalents at the end of the period | 29,643,117 | 33,544,592 |
| Settlement of Treasury Note receivable from MoF2 | Not reported in this filing3 | 650,000 |
Notes and alternative reported figures (3)
- “Payment for right of use assets” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Settlement of Treasury Note receivable from MoF” is an issuer-specific line, not mapped to a shared definition: Investing activities (2023 only).
- Not reported in this filing: The line 'Settlement of Treasury Note receivable from MoF' (Statement of cash flows, investing activities, p15, scanned page) carries a 2023 amount only (650,000); the 30 June 2024 column is blank (p15). Read on the page image. Blank is not read as nil.
Reported measures outside the statements
| Measure (as printed) | FY to 30 Jun 2024 | FY to 30 Jun 2023 |
|---|---|---|
| Earnings before interest, taxes, depreciation and amortization (EBITDA) | 41,220,047 p12 | 37,619,767 p12 |
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Jun 2024 | Dividends paid (cash flow statement) | Payment of Dividend |
(9,973,611) | ETB thousands | Annual report, p15 |
| 30 Jun 2023 | Dividends paid (cash flow statement) | Payment of Dividend |
(2,500,000) | ETB thousands | Annual report, p15 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024)
Year ended 30 June 2024 · Annual report · signed / final
Audit: Audit Services Corporation (Office of the Federal Auditor General), unmodified opinion · signed
Auditor's sign-off: Audit Services Corporation
Final status: Independent auditor's report to the supervising authority of Ethio-Telecom (Audit Services Corporation, Office of the Federal Auditor General): unqualified, signed by hand 'Audit Services Corporation' and dated 16 August 2024, with stamps (PDF p11, page image; opinion p7). The statement of management board's responsibilities is signed by the Management Board Chairperson and dated 16 August 2024 (p6). The prospectus annex states the statements are reproduced verbatim from the Company's annual report and accounts (p1).
- Document date
- 16 Aug 2024
- Auditor's report
- 16 Aug 2024
- Board approval
- 16 Aug 2024
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2024, FY to 30 Jun 2023
- Basis
- company statements · ETB thousands (printed “Birr'000”)
- Directory name 'Ethio Telecom Share Company'; the FY2024 statements print 'Ethio telecom' and 'Ethio-Telecom (the Enterprise)', a public enterprise reporting to its supervising authority (auditor's report, p7). The prospectus annex of Ethio Telecom Share Company presents them as 'the Company's annual report and accounts' (p1).
- Statement of financial position 30 June 2024 (p13, checked on the page image): total liabilities 100,698,117 plus total equity 113,493,516 is 214,191,633, but 'Total equity and liabilities' is printed 214,191,635 (equal to total assets); difference 2. Kept as printed.
- The statement of financial position is headed 'For the year ended 30 June 2024'. Dividend payable has no 2024 amount (blank cell).
- The 2023 column of the statement of financial position is headed '30 June 2023 As Restated' (p13); the profit or loss and cash-flow statements do not mark their 2023 columns as restated.
- Prospectus 'Annex 1 (Historical Financial Information)' holding the audited annual financial statements for FY2024 (Section B, pp1-56), FY2023 (Section C, from p57) and FY2022 (Section D, from p111), each 'reproduced verbatim and without adjustment from the Company's annual report and accounts' (p1). Only FY2024 is transcribed.
Technical details
- File
- 165 pages, scanned (figures read by OCR and checked against the page image)
- SHA-256
6633a4a1286fd16499970fb0c848dc589243eeaab56287e797664fb9164540ff- Entity as printed
- Ethio telecom; 'Ethio-Telecom (the Enterprise)' (auditor's report, p7)
- Exchange copy
- retrieved 2026-10-08T18:11:44Z
Data notes
- Amortization intangible assets — OCR read '(323.310)'; the page image shows '(323,310)'. OCR read a full stop for a thousands comma; the render prints (323,310) (page image p12). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p12)
- Profit after tax — OCR read '19,013.443'; the page image shows '19,013,443'. OCR read a full stop for a thousands comma; the render prints 19,013,443 (page image p12). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p12)
- Deferred tax (liability)/asset on remeasurement gain or loss — OCR read '55.919'; the page image shows '55,919'. OCR read a full stop for a thousands comma; the render prints 55,919 (page image p12). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p12)
- Deferred tax Assets — OCR read '3.569.757'; the page image shows '3,569,757'. OCR read a full stop for a thousands comma; the render prints 3,569,757 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Trade receivables — OCR read '9.505.447'; the page image shows '9,505,447'. OCR read a full stop for a thousands comma; the render prints 9,505,447 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Trade receivables — OCR read '6,773.369'; the page image shows '6,773,369'. OCR read a full stop for a thousands comma; the render prints 6,773,369 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Total assets — OCR read '199.659.771'; the page image shows '199,659,771'. OCR read a full stop for a thousands comma; the render prints 199,659,771 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Provisions — OCR read '159.549'; the page image shows '159,549'. OCR read a full stop for a thousands comma; the render prints 159,549 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Defined benefit liabilities — OCR read '956.574'; the page image shows '956,574'. OCR read a full stop for a thousands comma; the render prints 956,574 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Borrowings — OCR read '5.212,627'; the page image shows '5,212,627'. OCR read a full stop for a thousands comma; the render prints 5,212,627 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Trade and other payables — OCR read '63.901.534'; the page image shows '63,901,534'. OCR read a full stop for a thousands comma; the render prints 63,901,534 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Trade and other payables — OCR read '53.636,335'; the page image shows '53,636,335'. OCR read a full stop for a thousands comma; the render prints 53,636,335 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Total liabilities — OCR read '95.379.674'; the page image shows '95,379,674'. OCR read a full stop for a thousands comma; the render prints 95,379,674 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Legal reserve — OCR read '3.251,996'; the page image shows '3,251,996'. OCR read a full stop for a thousands comma; the render prints 3,251,996 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Total equity — OCR read '113.493.516'; the page image shows '113,493,516'. OCR read a full stop for a thousands comma; the render prints 113,493,516 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Total equity — OCR read '104.280.097'; the page image shows '104,280,097'. OCR read a full stop for a thousands comma; the render prints 104,280,097 (page image p13). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p13)
- Cash generated from operations — OCR read '43.771,628'; the page image shows '43,771,628'. OCR read a full stop for a thousands comma; the render prints 43,771,628 (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
- Income tax paid — OCR read '(8,823.074)'; the page image shows '(8,823,074)'. OCR read a full stop for a thousands comma; the render prints (8,823,074) (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
- Net cash (outflow)/inflow from operating activities — OCR read '33.571,265'; the page image shows '33,571,265'. OCR read a full stop for a thousands comma; the render prints 33,571,265 (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
- Purchase of intangible assets — OCR read '(575.329)'; the page image shows '(575,329)'. OCR read a full stop for a thousands comma; the render prints (575,329) (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
- Principal elements of lease payments — OCR read '(395.338)'; the page image shows '(395,338)'. OCR read a full stop for a thousands comma; the render prints (395,338) (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
- Net cash (outflow)/inflow from financing activities — OCR read '(16,273.075)'; the page image shows '(16,273,075)'. OCR read a full stop for a thousands comma; the render prints (16,273,075) (page image p15). (Annex 1 (Historical Financial Information) — Section B: Audited Annual Financial Statements for the Company as at and for the year ended 30 June 2024 (Ethio-Telecom, Independent Auditor's Report and Financial Statements, 30 June 2024), p15)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to OCR text and compared cell by cell with the page image; read from the page image) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.