Arab Finance: Elsewedy Electric reported a 20.69% year-on-year (YoY) increase in consolidated net profit during the first nine months of 2026, according to financial statements filed to the Egyptian Exchange (EGX).
The company's consolidated net profit rose to EGP 15.296 billion from January through September 2026, compared to EGP 12.673 billion in the same period of 2025.
Consolidated revenue increased by 31.71% to EGP 263.032 billion during the nine-month period, up from EGP 199.707 billion a year earlier.
On a standalone basis, Elsewedy Electric recorded a 25.55% YoY decline in net profit to EGP 4.270 billion during the first nine months of 2026, down from EGP 5.735 billion in the corresponding period of 2025.
Standalone revenue also fell by 12.72% to EGP 3.250 billion, compared to EGP 3.723 billion in the same period last year.
