Madinet Misr reports EGP 7.4B revenues in 9 months
Updated 11/11/2025 11:17:00 AM
Arab Finance: Madinet Misr, a leading developer of modern urban communities in Egypt, announced its standalone financial results for the first nine months of 2025, recording total revenues of EGP 7.4 billion and a net profit of EGP 2.4 billion, as per an emailed press release.
For the third quarter (Q3) ending September 30th, 2025, revenues reached EGP 2.6 billion, while net profit stood at EGP 1.1 billion.
New sales rose by 11.2% year on year (YoY) to EGP 36.3 billion during the first nine months, supported by strong demand for ready-built units and the performance of newly launched projects.
In Q3 2025 alone, new sales reached EGP 15.1 billion, up 27.5% from EGP 11.8 billion a year earlier.
The company delivered 1,014 units during the January-September period, more than doubling the 478 units delivered in the same period last year.
This increase was driven by construction and infrastructure progress in the Taj City and Sarai projects.
Revenue from unit deliveries surged by 100.9% YoY to EGP 1.6 billion, compared to EGP 773.1 million in the same period last year.
In Q3, delivery revenues grew by 100.2% to EGP 681.6 million, accounting for 20.4% of total revenues, compared to 10.1% a year earlier.
Total revenues reached EGP 7.4 billion during the first nine months of 2025, compared to EGP 7.5 billion in the same period last year.
The marginal decline reflects a shift toward higher unit delivery revenues, which doubled year-on-year and quarter-on-quarter, signaling accelerated project completions and operational efficiency.
Third-quarter revenues reached EGP 2.6 billion, compared to EGP 3 billion in the same period last year.
Gross profit stood at EGP 4.9 billion, marking a 10.4% decline from EGP 5.5 billion last year, with a gross profit margin of 66.2% versus 73.2% in 2024.
This normalization follows an exceptional profit level achieved last year and a higher share of unit delivery revenues, which carry lower margins.
Gross profit from deliveries rose 132.7% YoY to EGP 170.5 million, reflecting improved operational efficiency.
Operating profit before interest, taxes, depreciation, and amortization (EBITDA) reached EGP 3.1 billion, compared to EGP 3.4 billion last year, with an EBITDA margin of 42.2%, down from 46.2%.
The decline mirrors normalized profitability levels and the higher contribution of lower-margin delivery revenues.
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