The company announced that consolidated revenues rose by 34.7% year-on-year to EGP 5.8bn in the first quarter of 2026, while net profit more than doubled to EGP 793.1m, marking a 108.1% increase compared to the same period last year.

Gross profit climbed 48.7% year-on-year to EGP 2bn, with gross profit margin improving to 34.9%, up from 31.6% in the first quarter of 2025. EBITDA also increased by 51.8% year-on-year to EGP 1.1bn, with margins expanding to 18.3%, compared to 16.2% a year earlier.

The company attributed the performance to robust consumer demand, continued price-point migration, and disciplined execution across its operations.

Operationally, Edita maintained strong momentum during the quarter, with total tons sold increasing by 36.7% year-on-year to 42,000 tons, while total packs sold rose by 18.3% to reach 1 billion packs.

The cakes segment remained the company’s largest revenue contributor, generating EGP 3.1bn in revenues, up 35.9% year-on-year, supported by strong volume growth and improved pricing. Croissants recorded even stronger performance, with revenues surging 67.7% to EGP 1.6bn, driven by a 73.1% increase in tons sold.

Edita’s emerging segments also continued to support diversification efforts. Revenues from rusks rose by 56.6% year-on-year, while candy revenues increased by 19.2%.

On the regional front, export sales reached EGP 549.7m during the quarter, accounting for 9.5% of total revenues. Meanwhile, Edita Morocco posted revenues of EGP 154.6m, reflecting annual growth of 21.3%, supported by continued operational expansion and stronger distribution capabilities in the Moroccan market.

Commenting on the results, Eng. Hani Berzi, Group Chairman of Edita Food Industries, said the company’s first-quarter performance reflects strong demand across its product portfolio, successful pricing strategies, and continued operational execution.

He added that the company remains optimistic about its outlook for the remainder of the year, supported by healthy consumption trends, ongoing investments in capacity and innovation, and continued growth opportunities across regional markets.

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The confirmation came during a Wednesday meeting chaired by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative Capital to review the status of offering state-owned enterprises.

Attendees included Deputy Prime Minister for Economic Affairs Hussein Issa, Minister of Investment and Foreign Trade Mohamed Farid, National Service Projects Organization Director General Magdy Anwar, Armed Forces Financial Affairs Authority Deputy Head Ayman Mattar, Prime Minister Assistant and State-Owned Enterprises Unit Chief Executive Hashem El-Sayed, and Sovereign Fund of Egypt Acting Executive Director Noha Khalil.

Cabinet spokesperson Mohamed El-Hommosany stated the meeting discussed updates to the State Ownership Policy document. The revisions aim to reinforce the private sector’s role as a primary partner in achieving sustainable economic growth, creating jobs, raising the competitiveness of the national economy, and improving the business environment.

El-Hommosany noted that the meeting reviewed efforts by the cabinet’s State-Owned Enterprises Unit to draft an integrated national programme encompassing a comprehensive system to inventory, classify, and govern state companies. The proposed programme relies on implementing modern governance models and enhancing transparency to bolster investor confidence, stimulate the investment climate, and ensure the optimal economic management of state assets.

The government offering programme aims to maximise the economic value of state-owned assets and achieve sustainable returns from the offerings to positively impact the national economy, the spokesperson said. He added that the State Ownership Policy and the offering programme are now primary tools relied upon by the state to restructure its economic role, based on a vision of enhancing efficiency and flexibility while providing greater space for private sector participation across economic activities.

During the meeting, Farid outlined the measures taken by the Sovereign Fund of Egypt regarding the companies transferred to its jurisdiction, as part of state efforts to maximise asset utilisation and attract further investments.

Concluding the session, Madbouly directed the continuous monitoring of the procedures for offering the companies to ensure their implementation in accordance with specific presidential directives.

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The group’s revenues rose 39% year-on-year during the first three months of 2026 to reach EGP 13.1bn, supported by robust performance in both the real estate development and hospitality sectors, alongside continued growth in recurring income streams.

Strong Revenue Performance Across Segments

Revenue from the real estate segment climbed 61.6% year-on-year to EGP 6.1bn by the end of March 2026, driven by continued progress in construction activities and unit deliveries across the group’s key projects in Egypt, in addition to revenue recognition from its Saudi Arabia operations based on percentage-of-completion accounting.

Hospitality revenues increased 21% year-on-year to EGP 4.3bn, supported by higher occupancy rates, increased average room rates, and continued operational improvements across the group’s Legacy hotel portfolio.

Meanwhile, other recurring income streams grew 26% year-on-year to EGP 2.7bn, driven by sustained growth in commercial leasing, sports clubs, and integrated community services.

Gross profit surged 37% year-on-year to EGP 4.6bn during the first quarter of 2026, while the gross profit margin stood at 35.4%, compared to 35.9% during the same period last year.

Contracted Sales Reach EGP 49.1bn

The group recorded contracted sales worth EGP 49.1bn during the first quarter of the year, while unrecognized sales backlog increased to EGP 457.9bn as of 31 March 2026, compared to EGP 441.2bn at the end of 2025.

“The Spine” Generates EGP 30bn Sales in 15 Days

TMG’s recently launched “The Spine” project generated approximately EGP 30bn in sales within just 15 days of launch. The project, described as an integrated knowledge city within Madinaty, reflects the group’s strategy to diversify and expand its mixed-use developments.

The group also continued its regional expansion strategy, with its “Banan” project in Saudi Arabia recording sales worth EGP 3.3bn during Q1 2026, while the “Yamal” and “Joud” projects in Oman generated combined sales of approximately EGP 0.9bn.

Delivery of 425 Units

During the first quarter of 2026, the group delivered around 425 units across several flagship developments, including Madinaty, Privado, and Celia.

Cash Position Improves

TMG’s cash and cash equivalents increased to EGP 86.7bn as of 31 March 2026, compared to EGP 73.9bn at the end of 2025, while total debt stood at EGP 14.8bn.

Hospitality Portfolio Continues Growth

The group’s hospitality portfolio continued to deliver strong operational performance, with occupancy rates rising to 63% during Q1 2026, compared to 60% in the same period last year. Average room rates also increased by 15% to reach EGP 13,677.

As part of its hospitality expansion strategy, TMG signed an agreement with Mandarin Oriental Hotel Group to manage the Winter Palace Luxor and Old Cataract Aswan hotels. The group also signed management agreements with Four Seasons Hotels and Resorts and Steigenberger Hotels and Resorts for prominent hospitality assets on Elephantine Island in Aswan.

The company is also progressing with construction works on several hospitality projects, including Four Seasons Luxor, Four Seasons Madinaty, the Marsa Alam resort project, and the mixed-use development adjacent to the Grand Egyptian Museum.

Commenting on the results, Hisham Talaat Moustafa, CEO and Managing Director of TMG, said: “Our first-quarter results reflect the strength of Talaat Moustafa Group’s integrated business model, alongside strong local demand in the real estate market and the group’s ability to meet market needs through a fully integrated global business platform targeting multiple customer segments.”

He added: “The successful launch of The Spine, which generated sales exceeding EGP 30bn within two weeks, reinforces the strength of our new vision and our ability to continue delivering long-term growth.”

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The listings include two subsidiaries of the Chemical Industries Holding Company: El Nahda Industries Company – El Nahda Cement Plant and the Egyptian Company for Pipes and Cement Products- Seigwart. Four subsidiaries of the Metallurgical Industries Holding Company were also listed: the Egyptian Ferroalloys Company, El Nasr Mining, Alexandria for Refractories, and El Nasr Glass and Crystal.

The listing ceremony was attended by Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), Hashem El-Sayed, Assistant to the Prime Minister and Head of the State-Owned Enterprises Unit, and Mohamed Sabry, Deputy Chairperson of the EGX. The move is intended to deepen the capital market, increase the number of listed entities, and enhance liquidity to attract both local and foreign investors.

“The listing of these companies represents a qualitative step towards enhancing confidence in the securities market,” Azzam said. He added that the move would expand the market’s depth and support the growth of market capitalisation.

According to Azzam, the temporary listing serves as a strategic preparatory stage, enabling companies to prepare for public offerings by voluntarily adhering to disclosure and governance rules.

He noted that this phase provides several institutional advantages, including institutional qualification, in terms of preparing companies organisationally to meet listing and trading requirements.

Moreover, this will enable the companies to gain practical experience within the market environment, and allow them to promote to a wider investor base before the official offering, according to Azzam.

He added that this will also assist investment banks in covering subscriptions by improving company readiness.

El-Sayed stated that the move reflects the state’s commitment to its divestment programme and the efficient management of assets to achieve the highest possible economic value. He added that his unit is coordinating with relevant authorities to ensure companies meet governance and transparency standards to ensure the best returns for the state.

Sabry described the inclusion of these state entities as a “qualitative addition to the market” due to their diverse sectors and large-scale operations. He emphasised that the exchange continues to develop its infrastructure and trading systems in line with international best practices.

The temporary listing is designed as a transitional step to build an effective disclosure record and enhance operational readiness. This process is expected to bolster investor confidence before the final offerings are launched, supporting the overall objectives of the government’s IPO programme.

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The company said the feature enables users to execute buy and sell orders, track stock prices in real time, and subscribe to fund units directly through the application—without the need for traditional brokerage channels. Users can also open investment accounts digitally using their national ID, eliminating the need to visit physical branches.

The new offering builds on Telda’s existing suite of services, which includes prepaid cards, money transfers, and bill payments. With the addition of securities trading, the company is expanding its platform into a more comprehensive financial services ecosystem.

Ahmed Sabbah, CEO of Telda, said the launch reflects the company’s broader strategy to diversify its financial services and provide more accessible tools for personal finance management. He added that simplifying the investment process is key to enabling wider participation in financial markets.

Telda noted that the investment service is fully integrated with its card system, allowing users to fund their investment accounts seamlessly and access returns through their Telda cards. This includes the ability to withdraw funds or use investment proceeds for everyday transactions.

The launch comes as part of the company’s efforts to expand financial inclusion and support the ongoing digital transformation of Egypt’s financial sector.

Telda added that the service is designed to appeal to a broad user base, including individuals with limited prior experience in financial markets, by offering a simplified and user-friendly investment experience.

Founded in 2022, Telda has grown rapidly as a digital payments platform in Egypt. The introduction of investment services marks a further step in its expansion within the country’s fast-evolving fintech landscape.

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The Egyptian snack-food producer delivered an especially strong fourth quarter. Revenues rose 45.4% year-on-year to EGP 6.2 billion in 4Q2025, driven by volume recovery, successful price-point migration, and sustained demand across key product categories.

Profitability expanded significantly during the quarter. Gross profit climbed 65% to EGP 2.2 billion, with gross margin improving to 35.1%, compared with 30.9% in the same period of 2024. Meanwhile, EBITDA more than doubled, rising 112.8% to EGP 1.3 billion, with the margin expanding to 21.5%.

Net profit in the fourth quarter surged 178.6% year-on-year to EGP 859.4 million, with net margin reaching 13.9%, nearly double the 7.3% recorded in 4Q2024.

For the full year, Edita recorded broad-based growth across all profitability levels. Gross profit increased 44.4% to EGP 7.1 billion, with gross margin expanding to 33.9%, while EBITDA rose 58.1% to EGP 4.0 billion, lifting EBITDA margin to 19.2% compared with 15.7% in FY2024.

Operationally, the company saw strong volume growth. In the fourth quarter, total tons sold increased 47.4% year-on-year to 45.5 thousand tons, while total packs rose 23.1% to 1.1 billion packs. For the full year, total tons sold grew 19.3% to 154.7 thousand tons, while pack volumes remained broadly stable at 3.8 billion, reflecting a shift toward higher-value products.

Edita also continued expanding its international footprint. Net export sales reached EGP 1.96 billion in FY2025, accounting for 9.5% of total revenues. In the fourth quarter alone, exports rose 45.3% year-on-year to EGP 649 million, representing 10.6% of total revenues.

Meanwhile, Edita Morocco reported EGP 571.9 million in revenues in FY2025, highlighting continued progress in building distribution and strengthening its presence in the Moroccan market. The subsidiary generated EGP 158.7 million in revenues in the fourth quarter.

Commenting on the results, Eng. Hani Berzi, Group Chairman, said the company’s performance marked a strong close to a milestone year as Edita celebrates 30 years of growth and leadership in Egypt’s snack food market.

“Our FY2025 results reflect sustained demand for our products, the strength of our household brands, and the continued success of our strategy centered on price-point migration, portfolio optimization, and disciplined execution,” Berzi said.

He added that the company remains optimistic about its outlook, supported by improving consumption trends, ongoing investments in capacity and innovation, and expanding opportunities in both Egypt and regional markets.

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Azzam becomes the sixth person to lead the authority since its establishment under Law No. 10 of 2009, which governs the regulation of non-banking financial markets and instruments. The FRA stated that the appointment aligns with state efforts to enhance the efficiency and competitiveness of the non-banking financial sector and bolster its role in economic development.

Azzam brings extensive experience in non-banking financial markets, regulation, and oversight. He previously served as the chairperson of the Egyptian Exchange (EGX) during the second half of 2025, following a tenure as vice-chairperson of the FRA from January 2021 to August 2025. During that period, he oversaw the capital market, insurance, and non-banking financial sectors.

His previous leadership roles include serving as an advisor to the chairman of the Mortgage Finance Authority from 2007 to 2009 and as an assistant to the chairman of the Capital Market Authority between 2003 and 2005. He was also the managing director of the “Bedaya” SME investment fund.

Azzam has held board positions at several financial and economic institutions, including the Board of Trustees of the Anti-Money Laundering and Counter-Terrorism Financing Unit, the Egyptian Arab Land Bank, and the Egyptian Centre for Voluntary Arbitration. His corporate board experience includes Misr Insurance Holding Company, Dakahlia Sugar, Egyptian Resorts Company, and Al Shams Housing and Development.

During his tenure at the FRA, Azzam contributed to the development of the regulatory framework for the insurance sector following the issuance of the Unified Insurance Law No. 155 of 2024. He managed community dialogues regarding the law’s executive regulations, which included increasing minimum capital requirements for insurance firms, updating investment rules for insurance funds, and establishing solvency margin rules to protect policyholders.

He further oversaw the implementation of executive decisions for non-banking finance activities, including the application of Basel III standards and setting minimum capital requirements. Azzam also announced the first phase of the financial derivatives market, introducing futures contracts to the Egyptian market for the first time as a tool for hedging and risk management.

Azzam stated that the FRA will continue its efforts to develop the sector by updating legislative frameworks and digital infrastructure to ensure market transparency and stability.

On the academic front, Azzam served as a Professor of Finance at the American University in Cairo (AUC), where he chaired the graduate studies department in finance from 2005 to 2021. He has held academic and visiting positions at the University of Stellenbosch in South Africa, the London School of Economics, the University of California, Irvine, the Arab Academy for Science, Technology and Maritime Transport, and Cairo University.

He holds a PhD in Economics from the University of California, Irvine (2003), specialising in econometrics, economic forecasting, and monetary policy. His academic credentials also include a diploma in real estate finance from the University of Pennsylvania, an MA in Economics from UC Irvine, an MA from AUC, and a BA in Economics from Cairo University.

The FRA is the sole body responsible for regulating and supervising non-banking financial markets in Egypt. It was established to replace three previous regulators: the Egyptian Insurance Supervisory Authority, the Capital Market Authority, and the Mortgage Finance Authority, while also overseeing leasing and factoring activities.

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Issa stated that he is currently studying the files of 40 companies recommended for transfer by the unit responsible for restructuring state-owned enterprises. He added that procedures are being taken for the temporary listing of an additional 20 companies on the Egyptian Exchange (EGX) as a precursor to their final listing, noting that all 60 companies are being readied in accordance with presidential directives.

The announcements came during a meeting with Prime Minister Mostafa Madbouly to review the progress of restructuring economic authorities and state-owned firms. Madbouly emphasised that the restructuring of economic authorities is a top priority for the government. He said work is being intensified to accelerate executive measures to improve the economic and administrative efficiency of these bodies.

Issa noted that the government is currently reviewing the “State Ownership Policy” document to increase private sector participation in various economic activities.

The Deputy Prime Minister outlined a schedule for upcoming reviews of state entities, including a meeting on Tuesday with officials from the General Authority for Land Reclamation and Agricultural Development. Further discussions are scheduled for Wednesday with Ahmed El-Moslimany, head of the National Media Authority.

Subsequent meetings will focus on the New Urban Communities Authority to discuss development and marketing plans, as well as the General Authority for Supply Commodities, which has already submitted its development strategy. Issa also confirmed he will discuss the status of the railway and metro authorities with Transport Minister Kamel El-Wazir.

Additionally, a meeting with leaders of the public business sector is scheduled for Tuesday to manage several companies previously under its jurisdiction. Issa said this effort aims to ensure continuity and achieve structural reform goals as part of a unified state strategy to improve economic efficiency and manage state-owned assets.

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Hashem El Sayed, assistant to the prime minister and chief executive of the state-owned enterprises (SOE) unit, stated that 40 companies are currently being prepared for transfer to the Sovereign Fund of Egypt, while 20 others are designated for listing on the stock market.

The announcement came during a meeting held by Prime Minister Mostafa Madbouly with Hussein Issa, the deputy prime minister for economic affairs, and El Sayed to discuss economic priorities for the coming period.

Madbouly directed the government to accelerate the implementation of all measures regarding the SOE file. “The restructuring of economic authorities and state-owned companies is one of the most important work files during this stage,” the prime minister said.

He noted that Issa, in his new role, would hold direct responsibility for the restructuring of economic authorities and state-owned firms, citing his extensive experience in the field.

The meeting also addressed the administrative consequences of the presidential decree to abolish the Ministry of PublicBusiness Sector. Officials discussed the mechanisms for managing the various companies that were previously under the jurisdiction of the now-dissolved ministry.

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Financial derivatives are contracts whose value is derived from an underlying asset, such as shares, price indices, or other instruments determined by the Authority. These include futures contracts, options, swaps, or other standardised agreements.

Speaking at a press conference attended by Islam Azzam, Chairperson of the Egyptian Exchange, Farid said the launch of a derivatives market is one of the key pillars of the FRA’s strategy to build a more advanced and sustainable financial market.

“The FRA has worked over many months to establish a regulatory and legislative framework suitable for derivatives trading in Egypt. Derivatives are globally recognised as essential tools for risk management, market stability, and attracting a broader investor base,” Farid said.

He noted that the licence was granted after completing full coordination with the EGX and Misr for Clearing, Settlement and Central Depository, ensuring the highest standards of governance, protection of market participants, and market integrity.

The launch of the derivatives market will take place in four phases: the first phase will introduce futures contracts on the EGX30 EWI, with trading expected to begin in March. The second phase will include futures on the EGX70 EWI, followed by futures on individual shares, and finally, options contracts on shares and indices. This phased approach is designed to build a stable, organised market capable of sustainable growth.

Futures contracts are standardised agreements to buy or sell securities or other financial instruments at a predetermined price on a future date. Farid highlighted that an integrated risk management system will be implemented to limit systemic risks and ensure market resilience against volatility.

Seven brokerage firms have already applied for licences to operate as futures brokers, reflecting strong local interest in the new market. Futures trading is expected to deepen the market, increase liquidity, and provide investors with advanced tools to hedge risks, improve pricing efficiency, and enhance portfolio management.

Islam Azzam praised Farid and the FRA for their efforts, noting that regular coordination and the development of a dedicated trading system have prepared the Exchange for futures and options contracts. He said foreign investment funds have already shown interest in trading derivatives in Egypt, signalling growing international confidence in the local market.

Risk management measures will be enforced through the clearing and settlement company, including membership requirements, initial and variation margins, contributions to a central counterparty guarantee fund, and allocations from the Investor Protection Fund.

During the conference, an illustrative example explained futures contracts using real estate: if a client expects property prices to rise, they could enter a futures contract to purchase a flat in one year at a fixed price of EGP 2m, paying an initial margin of EGP 200,000. Any price increase would yield gains before settlement, while a price drop would still obligate the client to complete the purchase, potentially resulting in a loss.

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