Arab Finance: MM Group for Industry and International Trade (MTI) recorded an annual growth of 1% in consolidated net profit to EGP 642 million during the first half (H1) of 2026, versus EGP 638 million, according to the financial results.
Total revenues increased by 15% year-on-year (YoY) to EGP 12.719 billion in H1 2026 from EGP 11.066 billion, reflecting sustained growth momentum across the group's diversified distribution businesses.
Consolidated gross profit reached EGP1.2 billion, with gross profit margin normalizing around 9% as the revenue mix continued to shift toward high-turnover, lower-margin electronics distribution.
During the first quarter (Q1) of 2026, the consolidated net profit increased by 4.97% YoY to EGP 318 million from EGP 303 million.
