Arab Finance: GB Corp recorded a 24.54% year-on-year (YoY) drop in consolidated net profits after tax attributable to the shareholders for the first half (H1) of 2026, reaching EGP 1.262 billion from EGP 1.672 billion, according to the financial results.

Operating revenues jumped by 35.2% to EGP 48.272 billion at the end of June 2026 from EGP 35.849 billion a year earlier.

Basic earnings per share (EPS) increased to EGP 1.163 in H1 2026 from EGP 1.541 in H1 2025.

The strong financial performance was supported by continued strength in Egypt’s automotive market, broad-based growth across GB Auto’s lines of business, robust expansion across GB Capital’s financing platforms, and sustained execution of the group’s strategic priorities.

Nader Ghabbour, CEO of GB Corp, said: “H1 2026 demonstrated the value of GB Corp’s diversified platform, with strong momentum in Egypt and across our financing businesses helping the Group navigate continued pressure in selected regional automotive markets.”

“Healthy demand in our home market, disciplined execution, a broader product offering, and continued investment in local capabilities supported growth across our key businesses,” Ghabbour added.

He noted: “In Egypt’s passenger-car market, demand benefited from lower interest rates, improving consumer confidence, and accelerated purchasing ahead of anticipated price increases. Supply and model availability also improved, supporting broader market growth.”

The CEO mentioned: “Against this backdrop, our focus remained on differentiating through portfolio breadth and localization. The Sadat facility contributed meaningfully through the strong performance of its locally assembled lineup.”