Ethio Telecom
Provides voice, data, internet, and mobile money (telebirr) services across Ethiopia.
Revenue
ETB 148.1B
FY 2017
Net Profit
ETB 5.8B
Profit
Total Assets
ETB 331.2B
FY 2017
Total Equity
ETB 101.7B
Revenue & Profitability
Revenue, cost of sales, and net profit over time
Balance Sheet
Total assets, liabilities, and equity over time
Key Audit Findings
Basis for qualified opinion from the latest audit report
#1 Revenue recognition identified as key audit matter due to risk of differing interpretations of accounting principles and potential improper recognition. Auditors found no concerns after testing.
Revenue recognition identified as key audit matter due to risk of differing interpretations of accounting principles and potential improper recognition. Auditors found no concerns after testing.
Revenue recognition identified as key audit matter due to risk of differing interpretations of accounting principles and potential improper recognition. Auditors found no concerns after testing.
#2 Net foreign exchange losses of Birr 41,447,047,000 due to Birr devaluation following July 29, 2024 forex reform; 1825% increase over prior year.
Net foreign exchange losses of Birr 41,447,047,000 due to Birr devaluation following July 29, 2024 forex reform; 1825% increase over prior year.
Net foreign exchange losses of Birr 41,447,047,000 due to Birr devaluation following July 29, 2024 forex reform; 1825% increase over prior year.
Amount: ETB 41.4B
#3 Net impairment losses on financial assets (trade receivables) of Birr 2,204,548,000, up from Birr 232,388,000 in prior year.
Net impairment losses on financial assets (trade receivables) of Birr 2,204,548,000, up from Birr 232,388,000 in prior year.
Net impairment losses on financial assets (trade receivables) of Birr 2,204,548,000, up from Birr 232,388,000 in prior year.
Amount: ETB 2.2B
#4 Contingent liabilities from legal actions estimated at approximately Birr 4,969,000 (undiscounted) if adverse decisions occur.
Contingent liabilities from legal actions estimated at approximately Birr 4,969,000 (undiscounted) if adverse decisions occur.
Contingent liabilities from legal actions estimated at approximately Birr 4,969,000 (undiscounted) if adverse decisions occur.
Amount: ETB 5.0M
#5 Prior year retained earnings restated: FY24 dividend payable of Birr 12,643,940,000 and additional profit tax of Birr 919,271,000 recognized as restatement in FY25.
Prior year retained earnings restated: FY24 dividend payable of Birr 12,643,940,000 and additional profit tax of Birr 919,271,000 recognized as restatement in FY25.
Prior year retained earnings restated: FY24 dividend payable of Birr 12,643,940,000 and additional profit tax of Birr 919,271,000 recognized as restatement in FY25.
Amount: ETB 13.6B
Financial Summary
All figures in Ethiopian Birr (ETB).
| Year | Revenue | Net Profit | Total Assets | Total Liabilities | Equity | Opinion | |
|---|---|---|---|---|---|---|---|
| 2010 | ETB 34.8B | ETB 4.1B | ETB 86.9B | ETB 80.1B | ETB 6.8B | Unmodified | Details |
| 2011 | ETB 36.4B | ETB 6.3B | ETB 77.9B | ETB 70.8B | ETB 7.1B | Unmodified | Details |
| 2012 | ETB 47.6B | ETB 9.5B | ETB 78.9B | ETB 67.4B | ETB 11.5B | Unmodified | Details |
| 2013 | ETB 55.5B | ETB 5.6B | ETB 77.2B | ETB 76.3B | ETB 884.6M | Unmodified | Details |
| 2014 | ETB 59.4B | ETB 9.0B | ETB 189.0B | ETB 87.5B | ETB 101.6B | Unmodified | Details |
| 2015 | ETB 71.5B | ETB 18.0B | ETB 215.1B | ETB 95.4B | ETB 119.7B | Unmodified | Details |
| 2016 | ETB 91.4B | ETB 19.0B | ETB 214.2B | ETB 100.7B | ETB 113.5B | Unmodified | Details |
| 2017 | ETB 148.1B | ETB 5.8B | ETB 331.2B | ETB 229.5B | ETB 101.7B | Unmodified | Details |
All amounts were originally reported in Birr'000 and have been converted to full ETB. Ethio Telecom uses a non-traditional P&L format — direct costs serve as the cost of sales equivalent, and EBITDA is reported as an intermediate line. Some early years (EC 2010–2012) lack auditor opinion pages in the available reports.