Cairo – Mubasher: Elsewedy Electric Company recorded a 4.20% rise in consolidated net profits after tax and minority interest to EGP 4.14 billion during the first quarter (Q1) of 2025.

The generated earnings were compared to EGP 3.97 billion in Q1-24, according to the financial results.

Basic and diluted earnings per share (EPS) increased to EGP 1.73 as of 31 March 2025 from EGP 1.63 a year earlier.

Elsewedy Electric generated revenues amounting to EGP 59.39 billion in Q1-25, higher by 31.30% year-on-year (YoY) than EGP 45.24 billion.

Standalone Business

In the first three months (3M) of 2025, the EGX-listed firm turned to net losses valued at EGP 477.96 million, against net profits worth EGP 644.13 million in Q1-24.

Non-consolidated revenues fell to EGP 499.4 million in Q1-25 from EGP 1.43 billion a year earlier. The basic and diluted loss per share hit EGP 0.22 when compared to a profit per share of EGP 0.20.

Ahmed El-Sewedy, CEO of Elsewedy Electric, commented: “As anticipated, margins are beginning to normalize compared to the exceptional levels seen last year, aligning with our expectations and long-term forecasts.”

“This demonstrates the resilience of our business model and the effectiveness of the proactive steps we’ve taken to manage costs and drive sustainable value creation,” El-Sewedy added.

He concluded: “Looking ahead, we remain committed to our ambitious three-year strategy, which centers on forging high-impact partnerships with industry leaders. This will further strengthen our global position and allow us to unlock new growth opportunities by leveraging our diversified footprint and capabilities.”