Arab Finance: Misr El-Gedida for Housing and Development generated a net profit after tax of EGP 2.141 billion in the January-September 2026 period, according to the financial results.
This marks a 100% year-on-year (YoY) surge from the recorded EGP 1.065 billion in the first nine months of 2025.
Revenues climbed by 173% to EGP 3.473 billion at the end of September 2026 from EGP 1.274 billion in the nine-month period of 2025.
Likewise, the earnings per share (EPS) jumped by 96% to EGP 0.53 from EGP 0.27.
In the first half (H1) of 2026, the company’s net profits hiked by 111.49% YoY to EGP 1.354 billion from EGP 640.291 million.