Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million at the end of June 2025.

The company generated revenue valued at $1.95 billion in H1-25, while the net income attributable to the shareholders stood at $82.70 million. The consolidated new awards amounted to $3.40 billion.

The EGX-listed firm began full commercial operations of the 650 megawatts (MW) Build-Own-Operate wind farm in Egypt in June, increasing its operational wind power capacity to 913 MW

Shareholders approved the migration of the group’s primary listing to the Abu Dhabi Securities Exchange (ADX) and the transfer of its incorporation to ADGM

Osama Bishai, CEO of Orascom Construction, said: “Our U.S. operations continue to capitalize on activity in the data center sector and our growing expertise in this field. This is evident in our backlog in the U.S., which grew 33.60% y-o-y to $2.60 billion as of June 30.”

“We achieved major milestones in our concessions activities. In June, we commenced full commercial operations of the 650 MW BOO wind farm in Ras Ghareb, Egypt, after completing different phases four and six months ahead of schedule with no LTI,” Bishai added.

He noted: “As the largest wind farm in the Middle East and Africa, this project expands our operational wind power platform to 913 MW and strengthens our broader concessions portfolio, which now spans water, renewable energy, and logistics projects across the UAE, KSA, and Egypt.”

Regarding the cash dividends, the CEO noted: “We increased our dividend distribution to $0.25 per share in August, bringing total dividends in 2025 to $0.47 per share and marking an increase of 20.70% y-o-y.”