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Elsewedy Powers Ahead
Industry giant Elsewedy Electric has posted strong Q2 and H1 2025 results.
H1 revenues reached EGP 123.8 billion, up 20.6% YoY, with net profit after minority interest at EGP 8.69 billion, a 3.1% increase. In Q2, the company recorded revenues of EGP 64.4 billion (up 12.3% YoY) and net profit of EGP 4.55 billion (up 2.1% YoY). Elsewedy closed H1 2025 with a net profit margin of 7%.
The Wires, Cables & Accessories segment remained the company’s primary revenue driver, contributing 59% of total revenues, followed by the Engineering & Construction (E&C) Projects segment, which accounted for 27%.
With a market capitalization of around EGP 159 billion, Elsewedy Electric is Egypt’s leading cable and wire manufacturer, holding over 50% of the domestic cable market and standing as the largest player in MENA.
Strategic projects powering growth
Elsewedy is leading numerous large-scale energy and infrastructure projects across Egypt and the region. Domestically, it is contributing to:
- The Assiut Hydrocracking Complex
- A lighting project in the New Administrative Capital
- The upcoming smart meter rollout in 2025
Internationally:
- Constructing a gas-fired CCGT power plant in Saudi Arabia in partnership with Siemens Energy
- Constructing a Combined Cycle power plant (CCPP) in Hungary
- Developing the Djermaya Solar Project in Chad
- Partnering with IL CAZAR Developments to provide sustainable real estate solutions
- Collaborating with China Southern Power Grid on future power generation and renewable energy projects in Egypt
Their international footprint played a significant role in achieving strong H1 revenues and will continue to support future earnings.
What’s Next for Elsewedy?
Looking ahead, Elsewedy Electric has several promising projects underway:
- Expanding industrial zones in the 10th of Ramadan City and New Damietta
- Ongoing work on Egypt’s high-speed rail network
- Plans to build a new industrial city in Tanzania, aimed at supporting diverse industries and attracting both local and international investment
These developments position the company for an even stronger performance in H2 2025, with the potential to surpass previous years’ earnings.
As these large-scale initiatives progress, Elsewedy is likely to remain one of Egypt’s most influential and growth-driven industrial players.
Print, Expand, Repeat
- What: The National Printing Company intends to invest between $18-$20 million by the end of 2026 to upgrade its production lines and boost operational capacity at its three factories in Shorouk, UniBoard, and Badr.
- So What: The upgrades are expected to raise overall production capacity by up to 20% within the next two years.
Also, CEO Sherif El-Moallem stated that the company is considering acquiring other businesses in the printing and packaging industry as part of a broader regional expansion strategy, with a particular focus on the Gulf markets. Plans are to enter the Moroccan market shortly to expose the company to the open market and boost export volumes. The ongoing and growing demand in the packaging industry supports these plans. - Now What: With trading just starting yesterday and plans to invest and grow in the works, the market will wait and see how this could eventually affect their stock price.
The stock price at the end of their first day’s trading session ended at 23.25 and increased by 9.41%.
- What: ARCC purchased 73,657 treasury shares on August 4 as part of its ongoing share buyback program.
- So What: The sole purpose of this share buyback is to demonstrate to investors that the company’s share price is undervalued and to signal confidence in its future performance.
- Now What: This is part of their program to buy back around 15 million shares. ARCC will continue its share buyback program in hopes of seeing a positive footprint on its share price.
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