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Egyptalum aims for EGP 14 billion in profits next year
- What: Egyptalum (EGAL) unveiled its budget for the upcoming fiscal year (2025–2026), targeting around EGP 14 billion in net profits and EGP 6 billion in investments.
- So What: These figures reflect the company’s confidence in boosting profitability, supported by stronger global aluminum prices. Egyptalum is also putting special focus on solar energy, which helps cut down electricity costs—one of its biggest expenses—giving it a stronger edge both locally and globally.
- Now What: The company plans to fund its goals internally through retained earnings and won’t seek external financing for now.
Middle & West Delta Mills nets EGP 420 million last year
- What: Middle & West Delta Flour Mills (WCDF) reported nearly EGP 420 million in net profit for the fiscal year 2024/2025, marking a year-over-year increase of around 1%.
- So What: The company’s revenue grew by about 9% to nearly EGP 3 billion, boosted by higher milling volumes. As one of Egypt’s largest milling firms, it plays a central role in securing both subsidized and free-market flour, making it a key player in the country’s food security system.
- Now What: The company will continue improving operational efficiency as it aims to maintain steady growth in both profit and revenue.
- What: Samad Misr Company “EgyFert” (SMFR) plans to invest up to EGP 50 million in companies listed on the Egyptian Exchange that operate in similar sectors.
- So What: EgyeFert, a key player in Egypt’s fertilizer industry, is looking to diversify its income streams and boost profitability. The move reflects a new strategic direction for the company following Emirati firm NAS Holding’s majority acquisition in June.
- Now What: The targeted companies and investment allocations will be determined based on specialized financial and technical studies conducted by licensed firms.
What else is clapping?
- Sources: Bonyan to debut on EGX this Tuesday
Al Borsa newspaper reported that trading on Bonyan’s shares will begin next Tuesday, following the completion of both the private and public offering tranches.
The public offering saw strong demand, with individual investors oversubscribing by around 34 times. - Madinet Masr buys back 950.46K treasury shares
Madinet Masr for Housing and Development (MASR) repurchased about 950,460 treasury shares during Thursday’s session.
The move is part of the company’s effort to support its share price. - Digitize spends EGP 96M on strategic activities
Digitize for Investment and Technology (DGTZ) has fully spent the EGP 96 million it raised from its recent capital increase on various strategic activities.
This included around EGP 17 million directed toward R&D, resulting in the creation of the first smart platform for managing and executing fiber optic projects.
Digitize plans to register a patent and IP rights for the software.
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