Arab Finance: Pioneers Properties for Urban Development (PRE Group) reported a 136.24% year-on-year (YoY) increase in consolidated net profit after tax and attributable to the parent company during the first half (H1) of 2026, according to its financial statements submitted to the Egyptian Exchange (EGX).

Consolidated net profit stood at EGP 514.909 million during the period, compared to EGP 217.964 million in the corresponding period of 2025.

Meanwhile, operating revenues rose to approximately EGP 3.871 billion in H1 2026 from EGP 3.278 billion a year earlier.

Real estate activity contributed 48% of the company's total revenues, compared to 57% in H1 2025. Meanwhile, contracting activity accounted for 46% of the revenues, up from 37% during the same period a year ago. Rental income contributed approximately 5% during this period, as per PRE Group's latest earnings release.

In H1 2026, the company recorded contracted sales of around EGP 21.2 billion across its various projects, both in Cairo and coastal developments, compared to a total of EGP 13.7 billion in H1 2025.

On a standalone basis, PRE Group recorded net profit of EGP 318.621 million during the first six months of 2026, up from EGP 153.973 million in the same period of 2025.

Pre Group is a leading developer of both commercial and multi-purpose real estate projects. The company's real estate development and construction division covers various stages of projects, from investment and development to contracting, leasing, and management.