NileSat Reports USD 65.6 Million Net Profit in 2025 Despite a 2.6% Revenue Decline
Source: NileSat
The Egyptian Satellite Company (Nile Sat) delivered a year of strong headline growth in 2025, with net profit rising from USD 57.6 million in 2024 to USD 65.6 million in 2025, a 13.7% increase, reinforcing its position as a consistently profitable operator. At first glance, this suggests a company on solid footing. However, a closer examination tells a different story. The…
NileSat Net Profit Rises 18.9% in 9M 2025 Despite 3.3% Revenue Decline
The Egyptian Satellite Company’s (NileSat) financial results for the first nine months of 2025 illustrate a complex operating picture, with the company securing significant profitability gains despite facing persistent market headwinds that continue to erode top-line revenue. The Egyptian satellite communications provider reported operating revenues of USD 73.46 million, a 3.3% decline from the…
NileSat Records USD 48.63 Million in Revenue in H1 2025, a 4.3% YoY Decline
NileSat's (the Egyptian Satellite Company) first-half 2025 financial results exemplify a satellite operator's ability to manage challenging market conditions and demonstrate operational efficiency improvements. The Egyptian satellite communications provider reported its lowest H1 revenue since 2022, at USD 48.63 million, yet achieved significant profitability gains, with net income reaching USD…
RASCOM and Nilesat Sign MoU to Enhance Satellite Services in Africa
From (L-R) Nilesat Chief Commercial Officer Hesham Sallam and RASCOM Director General Timothy Ashong signing the MoU. Source: RASCOM
During the NewSpace Africa Conference 2025, the Regional African Satellite Communications Organisation (RASCOM) and the Egyptian Satellite Company (Nilesat) formalised a partnership through a Memorandum of Understanding (MoU) and a Marketing Services…
Nilesat Reports USD 57.7 Million Profit in FY 2024, a 31.8% Increase from the Previous Year
The Egyptian Satellite Company (Nilesat) reported a revenue of USD 101.14 million for the full year ended December 31, 2024, marking a marginal decrease of 0.67% from the previous FY revenue of USD 101.82 million. During the same period, the company reported a net profit of USD 57.7 million for FY 2024, up from the USD 43.75 million reported in FY 2023. This information was disclosed in the…
Nilesat and Eutelsat Engage in Strategic Cooperation Talks in Cairo
Nilesat Chairman and CEO, Major General Sameh Katta, with Eutelsat’s Chief Executive Officer for discussions on potential company collaboration. Source: NileSat
To enhance regional and international satellite communications, Nilesat Chairman and CEO, Major General Sameh Katta, met with Eutelsat’s Chief Executive Officer, Mrs Eva Berneke, and her high-level delegation in Cairo to discuss…
Nilesat Records USD 50.8 Million in Revenue in H1 2024
For the six months that ended in June 2024, Nilesat recorded USD 50.80 million in revenue, a slight decrease compared to USD 51.19 million in the first half of 2023 but a marginal improvement from USD 50.15 million in the same period in 2022. This trend shows that Nilesat maintained a stable revenue base over three years. While the minor drop in revenue between 2023 and 2024 may seem negligible,…
Nilesat Reports USD 6.38 Million Profit in Q1 2024
The Egyptian Satellite Company (Nilesat) reported a net profit of USD 6.38 million for Q1 2024, marking a 14.71% decrease from the USD 7.48 million net profit reported in Q1 2023. This information was disclosed in the company’s Q1 financial statement, approved by the board of directors on May 14, 2024. Nilesat's revenue for Q1 2024 was USD 25.4 million, slightly down by 0.54% from USD 25.6…
Nilesat and Arabsat Solidify Collaboration with MoU Signing
Nilesat Chairman and CEO, General Sameh Katta welcomed Arabsat CEO Engineer Alhamdi Alanezi and his high-level delegation to the company’s headquarters on the 6th of October City, Cairo, following the signing of a memorandum of understanding (MoU) between Nilesat and Arabsat in Riyadh during the Saudi Media Forum last February.
The meeting served as a platform to explore the prospects of…
Nilesat Reports USD 43.8 Million Profit in Fiscal Year 2023, Marking a 12% Increase from the Previous Year
Major General Sameh Katta, Chairman of the Board of Directors and Managing Director of the Egyptian Satellite Company Nilesat has announced the company's robust financial performance for the fiscal year ending on December 31, 2023. Nilesat recorded profits amounting to USD 43.754 million, marking a 12% increase compared to the previous year's earnings of USD 38.967 million in 2022.
He announced…