Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) incurred net losses after tax valued at EGP 13.61 million in fiscal year (FY) 2024/25, against net profits of EGP 115.232 million in FY23/24.

Revenues witnessed an annual growth to EGP 739.508 million in FY24/25 from EGP 667.518 million, according to the financial results.

Basic loss per share reached EGP 0.04 at the end of June 2025, versus earnings per share (EPS) of EGP 0.36 a year earlier.

As of 31 March 2025, Spinalex shifted to losses after tax worth EGP 13.59 million, compared with net profits valued at EGP 103.238 million in 9M-23/24.