Cairo – Mubasher: Madinet Masr Housing and Development recorded consolidated net profits after tax and non-controlling interest valued at EGP 2.35 billion in the first nine months (9M) of 2025.

The generated earnings were lower by 6.60% year-on-year (YoY) than EGP 2.56 billion, according to the financial results.

Likewise, the basic earnings per share (EPS) declined to EGP 0.98 in 9M-25 from EGP 1 a year earlier.

Net revenues totaled EGP 7.37 billion at the end of September 2025, an annual drop of 1.01% from EGP 7.45 billion.

Standalone Business

Madinet Masr posted 14.01% YoY lower standalone net profits at EGP 2.20 billion in 9M-25, compared to EGP 2.56 billion.

Non-consolidated EPS retreated to EGP 0.91 in 9M-25 from EGP 1.03 in 9M-24, while the revenues shrank to EGP 6.73 billion from EGP 7.23 billion.

Abdallah Sallam, CEO of Madinet Masr, commented: “The company maintained a robust financial position with a net cash balance of EGP 1.40 billion as of 30 September 2025.”

“This year also marked major milestones in Madinet Masr’s journey of growth and expansion. The Company launched its latest flagship project, Talala, in New Heliopolis City, with total expected investments of EGP 90 billion,” Sallam noted.

He added: “The project is projected to generate estimated sales of EGP 202 billion, reinforcing our expanding pipeline and strong presence in East Cairo.”

In the first half (H1) of 2025, the group’s consolidated net profits after tax and non-controlling interest reached EGP 1.28 billion. Meanwhile, the standalone net profits hit EGP 1.21 billion.