Edita Food Industries SAE (EFID)

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News

28 May 09:39 AM Edita’s profits drop in Q1-25; consolidated sales exceed EGP 4.2bn

Cairo – Mubasher: Edita Food Industries posted lower consolidated net profits after tax valued at EGP 429.78 million in the first quarter (Q1) of 2025 from EGP 502.79 million in Q1-24. Revenues amounted to EGP 4.28 billion at the end of March …

Financial Results

8 April 01:15 PM Edita to pay EGP 800m dividends for 2024

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries approved cash dividends of EGP 800.10 million for 2024. Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing. The …

Cash Dividends

16 October 2024 11:59 AM Edita’s board greenlights 2023 dividends, sale deal

Cairo – Mubasher: The board members of Edita Food Industries agreed to sell used spare parts, to Morocco-based Edita for an amount of EGP 419,960, according to a bourse filing. The board also greenlighted cash dividends valued at EGP 400 million …

Board of Directors

15 September 2024 09:45 AM Quantum Investment hikes shareholding in Edita for EGP 184m

Cairo – Mubasher: Quantum Investment B.V. raised its 44.07% stake in Edita Food Industries to 45.01% at a value of EGP 184.14 million. Quantum Investment purchased 6.63 million shares in the EGX-listed firm at an average price of EGP 27.75 per …

Companies Investments

21 May 2024 04:04 PM Edita sees 26% higher consolidated profits in Q1-24

Cairo – Mubasher: Edita Food Industries recorded consolidated net profits after tax worth EGP 502.79 million in the first quarter (Q1) of 2024, an annual jump of 25.70% from EGP 399.92 million. The revenues amounted to EGP 3.92 billion in Q1-24, …

Financial Results

4 March 2024 04:04 PM Edita logs EGP 1.6bn consolidated net profit in 2023; dividends proposed

Cairo – Mubasher: Edita Food Industries posted a consolidated net profit after tax of EGP 1.61 billion in 2023, up from EGP 1.02 billion the year before. Consolidated revenues surged to EGP 12.12 billion last year from EGP 7.67 billion in 2022, …

Cash Dividends

25 December 2023 00:55 PM Edita mulls EGP 1bn investments to boost production capacity

Cairo – Mubasher: Edita Food Industries is targeting investment flows worth nearly EGP 1 billion to increase its production capacity in 2024. The export revenues of the EGX-listed firm exceeded EGP 1 billion in 2023, according to a bourse filing. …

Companies Investments

28 November 2023 11:55 AM Edita’s shareholders nod to capital reduction

Cairo – Mubasher: The extraordinary general meeting (EGM) of Edita Food Industries has approved a capital cut to EGP 140 million from EGP 144.61 million. The EGX-listed firm will cancel 23.04 million treasure shares at a par value of EGP 0.20, …

Management Decisions

6 November 2023 04:38 PM Edita unveils EGP 8.75bn sales in 9M-23; dividends, capital hike approved

Cairo – Mubasher: Edita Food Industries posted consolidated net profits after tax valued at EGP 1.26 billion in the first nine months (9M) of 2023, up year-on-year (YoY) from EGP 673.77 million. Revenues enlarged to EGP 8.75 billion in 9M-23 from …

Financial Results

15 October 2023 02:42 PM Edita’s board nods to EGP 300m dividends

Cairo – Mubasher: The board members of Edita Food Industries passed cash dividends to the shareholders valued at EGP 299.70 million, according to a bourse filing. The cash amount will be taken from the retained earnings account in the company’s …

Board of Directors

12 October 2023 01:49 PM Edita to reduce capital by cancelling 23m treasury shares

Cairo – Mubasher: The board of Edita Food Industries has approved to decrease the capital by around 3% from EGP 144.61 million to EGP 140 million, according to a bourse disclosure. The company will carry out the capital cut transaction by …

Corporate Actions

1 October 2023 11:27 AM Edita unveils $45m loan from IFC

Cairo – Mubasher: Edita Food Industries inked a finance agreement with the International Finance Corporation (IFC) to obtain a long-term loan at a total amount of $45 million. The facility deal holds a tenor of eight years, according to a bourse …

Banking and Finance

18 September 2023 03:32 PM Edita secures EGP 390m loans to finance new investments

Cairo – Mubasher: Edita Food Industries signed two medium-term loan agreements for seven years at a combined value of EGP 390 million, according to a bourse filing. The first loan, which is an acquisition finance, stands at EGP190 million. The …

Companies Investments

19 June 2023 09:38 AM Edita unveils EGP 800m investment, Fancy Foods’ capital hike

Cairo – Mubasher: Edita Food Industries plans to inject investment valued at nearly EGP 800 million in 2023, according to a bourse filing. Edita also intends to increase the capital of its fully-owned subsidiary Fancy Foods Company to EGP 400 …

Management Decisions

30 May 2023 10:19 AM Edita’s consolidated profits jump 146% in Q1-23

Cairo – Mubasher: The consolidated net profits after tax of Edita Food Industries hit EGP 399.92 million in the first quarter (Q1) of 2023, an annual leap of 146.20% from EGP 162.42 million, including minority interest. The sales reached EGP 2.77 …

Financial Results

29 March 2023 00:13 PM Edita to distribute EGP 400m cash dividends for 2022

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries greenlighted cash dividends amounting to EGP 400 million for 2022. The shareholders granted their approval for the dividends distribution on 28 March 2023, according to …

General Assembly

17 November 2022 08:46 PM Edita records leap in 9M-22 consolidated profits; sales grow to EGP 5bn

Cairo – Mubasher: Edita Food Industries achieved consolidated net profits after tax, including minority interests, at a value of EGP 673.77 million in the first nine months (9M) of 2022, compared to EGP 322.73 million in 9M-22. The consolidated …

Financial Results

2 November 2022 09:58 AM Rimco EGT Investment ups stake in Edita for EGP 101.5m

Cairo – Mubasher: Rimco EGT Investment has increased its ownership in Edita Food Industries to 5.35% from 3.97% for a total value of EGP 101.50 million. Rimco purchased 10 million shares in Edita at an average price of EGP 10.15 per share, …

Mergers and Acquisitions

16 August 2022 00:10 PM Edita's net profit climbs 90% in H1-22

Cairo – Mubasher: Edita Food Industries’ net earnings surged by 89.60% year-on-year (YoY) during the first half (H1) of 2022 to EGP 374.91 million, compared with EGP 197.73 million, including minority shareholders’ rights. Sales of the EGX-listed …

Financial Results

14 August 2022 04:47 PM Edita’s new bakery line begins operations at EGP 135m investments

Cairo – Mubasher: Edita Food Industries announced that its new bakery line housed at its E07 plant has commenced operations with a total investment value of EGP 135 million. Hence, the total production capacity of the bakery segment will increase …

Companies Investments

16 May 2022 11:12 AM Edita's profits up 57% in Q1-22 unaudited financials

Cairo – Mubasher: The consolidated net profits of Edita Food Industries jumped by 57% year-on-year (YoY) to EGP 162.42 million in the first quarter (Q1) of 2022, compared to EGP 103.48 million, according to the company's unaudited financials. The …

Financial Results

14 April 2022 11:57 AM Edita's shareholders approve EGP 0.27/shr dividends

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries has approved a cash dividend distribution of EGP 0.27 per share for 2021. The cash dividend payout aggregates at a total value of EGP 200 million, according to a bourse …

General Assembly

10 April 2022 11:48 AM Edita plans to inject EGP 1bn investments in 3M

Cairo – Mubasher: Edita Food Industries plans to inject new investments worth EGP 1 billion in the upcoming three years. Through these investments, the company seeks to expand its operational businesses, according to a bourse filing on Sunday. It …

Companies Investments

4 April 2022 02:30 PM Edita to expand investments in Morocco at MAD 170m, raise capital

Cairo – Mubasher: Edita Food Industries is targeting additional investments valued at around MAD 170 million in Morocco. Edita Morocco inked a cooperation agreement with the Moroccan Ministry of Industry and Trade to expand its investments in the …

Companies Investments

15 March 2022 11:40 AM Edita records 52% higher profits in 2021; dividends proposed

Cairo – Mubasher: The consolidated net profits of Edita Food Industries increased by 52% to EGP 528.87 million in 2021, compared to EGP 347.69 million in the earlier year, including minority shareholders' rights. The company recorded sales of EGP …

Financial Results