Arab Finance: Egypt’s Holding Company for Maritime and Land Transport is targeting EGP 19.589 billion in net profit and EGP 29.922 billion in revenue for the current fiscal year (FY) 2026/2027, including the projections of Alexandria Container and Cargo Handling Company, as per a statement.

Minister of Transport Kamel El-Wazir reviewed the targets while chairing the holding company’s ordinary general assembly, which approved its estimated budget and assessed the restructuring and development programs implemented between 2022 and 2026.

Excluding Alexandria Container and Cargo Handling Company, the consolidated budget for the holding company and its subsidiaries and affiliates projects revenue of EGP 17.628 billion, up 12.5% from the expected figure for 2025/2026. Net profit is forecast to rise 11.3% to EGP 9.763 billion.

At the standalone level, the holding company expects revenue to increase 8% to EGP 6.664 billion and net profit to grow 9.9% to EGP 5.789 billion.

The financial targets follow four years of restructuring focused on improving asset utilization and financial and operational performance, developing employees, advancing digital transformation, and broadening the group’s activities.

Preliminary results for 2025/2026 showed that the holding company’s net profit increased 456.5% to EGP 6.595 billion from EGP 1.185 billion in 2021/2022.

Among its subsidiaries and affiliates, Egypt-based port operator Damietta Container and Cargo Handling Company raised its net profit 388% to EGP 3.285 billion from EGP 673 million. Alexandria Container and Cargo Handling Company’s profit increased to EGP 6.643 billion from EGP 2.028 billion, representing growth of about 228%.

Port Said Container and Cargo Handling Company’s profit climbed 430% to EGP 2.7 billion from EGP 509 million, while Egypt-based shipping agency Suez Canal Shipping Agencies Company recorded a 523% increase to EGP 1.123 billion from EGP 180 million.

The Egyptian Marine Supply and Contracting Company’s net profit rose 1,585% to EGP 118 million from EGP 7 million. Suez Shipping and Unloading Company increased its profit 1,324% to EGP 75.5 million from EGP 5.3 million, while Egyptian General Warehouses Company posted EGP 213 million, up 134% from EGP 91 million.

In passenger transport, Upper Egypt Transport and Tourism Company raised its profit 145% to EGP 14 million from EGP 5.7 million. East Delta Transport and Tourism Company moved from a loss of EGP 50 million to a preliminary profit of EGP 35 million.

The restructuring program also brought several freight transport businesses under Nile Cargo Transport Company, which shifted from an EGP 81.4 million loss to a preliminary profit of EGP 31 million. The company contracted for 150 tractor heads and 153 semi-trailers to expand its freight fleet.

Shipping agencies Abu Simbel, Taiba, Amoun, and Memphis were also consolidated as part of efforts to form larger businesses capable of expanding their services and revenue.

Alongside the corporate restructuring, the group upgraded production assets across its container and cargo-handling terminals. Damietta Container and Cargo Handling Company entered the 2024 list of the world’s 100 leading container ports, ranking first in productivity growth with an increase of 60.2%. It also recorded its highest handling volume at 2,230 containers during a single shift.

Port Said Container and Cargo Handling Company increased its electrical capacity from 5.5 megawatts to 16 megawatts. Development work also covered the Egyptian General Warehouses Company, the National Navigation Company, the Suez Canal Shipping Agencies Company, and the Egyptian Marine Supply and Contracting Company.

The passenger transport modernization program involved 499 new buses and minibuses, including 399 buses and 48 minibuses that have already been delivered and placed in service. The company is also financing the procurement of 300 electric buses for the Bus Rapid Transit project on the Ring Road.

 

The holding company will continue developing its fleets, employees, investments, and assets as it moves into the next phase of the program. These measures are also intended to improve passenger and freight services, support further activity expansion, and strengthen Egypt’s role as a regional center for maritime transport and logistics.