Arab Finance: Talaat Moustafa Group Holding (TMG Holding) reported an 11.93% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in the first nine months of 2026, reaching EGP 11.720 billion, compared to EGP 10.471 billion, according to financial statements.

The group's consolidated revenue jumped 24% in the nine months to EGP 47.9 billion, backed by the real estate segment, which contributed about 77% of TMG Holding's total revenue, as per the earnings release.

Real estate revenues climbed 33% YoY to EGP 28.6 billion, supported by construction progress across the group's Egyptian portfolio, including the delivery of 200 units at Noor, where the first handovers began in the third quarter (Q3) of 2026.

Also, construction activity at the Banan project in Saudi Arabia generated approximately $282 million in revenues during the nine-month period, recognized under the percentage-of-completion method.

TMG Holding's contracted sales rose 13% YoY to EGP 290.1 billion during the first nine months of 2026, as sales in Q3 2026 surged 54.6% YoY to EGP 71 billion. 

SouthMed remained the largest contributor, generating EGP 130.7 billion in contracted sales, up 7% YoY, followed by Noor with EGP 30.5 billion, an increase of 39% YoY. The Spine, launched in April 2026, generated EGP 34.3 billion in contracted sales.

Regionally, Banan in Saudi Arabia recorded EGP 13.1 billion in contracted sales, while Jood and Yamal in Oman generated combined sales of approximately EGP 3.7 billion during the nine-month period.

Meanwhile, hospitality revenues increased 6% YoY to EGP 10.4 billion, and other recurring revenues rose 22% YoY to EGP 8.5 billion.

Meanwhile, the group's standalone net profit after tax increased to EGP 358.170 million in the first nine months of 2026, up from EGP 342.553 million in the same period last year.

Commenting on the group's performance, Hisham Talaat Moustafa, CEO and Managing Director of TMG Holding, said: "Our performance during the first nine months of 2026 reflects the strength of TMG's diversified business model, resilient demand for our integrated communities and destinations, and the trust we have built through decades of consistent execution."

"Looking ahead, we are entering a new phase of growth supported by an expanded development pipeline, a strong financial position, and an established platform with significant potential for regional scalability. The four major strategic projects recently announced in Egypt represent an important extension of our domestic development portfolio, while our expanding regional footprint opens new avenues for growth and geographic diversification," he added.