NileSat’s 2024 Profits Surge To Nearly 32% Year-End at USD 57.7M

Egyptian Satellites Co SAE - Nilesat closed 2024 with net profits reaching USD 57.7 million, a 31.83% year-on-year increase.

The satellite operator saw its profits climb steadily throughout 2024, with a 26.77% increase in the first nine months alone, bringing post-tax earnings to USD 40.7 million.

This comes in spite of a slight dip in total operating revenue, the money NileSat earned from its core business, which reached USD 101.1 million in 2024, down from USD 101.8 million in 2023.

Founded in 1996, NileSat plays a key role in Egypt’s satellite communications, providing radio and TV broadcasting services across the region.e