More earnings: Elsewedy Electric and Edita are both out with their 1Q 2025 earnings.

ELSEWEDY ELECTRIC SEES REVENUES RISE IN 1Q-

Elsewedy Electric saw its net income after minority interest increase by 4.2% y-o-y in 1Q 2025 to reach EGP 4.1 bn, according to the company’s latest earnings release (pdf). Revenues grew 31.3% y-o-y during the quarter to EGP 59.4 bn.

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Driving the growth: The company’s wires and cables segment was once again its main driver of revenues, growing 21.8% y-o-y to EGP 36.1 bn during the quarter, which it attributed to strategic pricing and diverse product offering that helped offset a “decline in volumes due to softer demand in certain markets.” Its turnkey segment was the second biggest revenue contributor, growing 55.2% y-o-y to EGP 15.4 bn during 1Q 2025.

Looking ahead: “We remain committed to our ambitious three-year strategy, which centres on forging high-impact partnerships with industry leaders. This will further strengthen our global position and allow us to unlock new growth opportunities by leveraging our diversified footprint and capabilities,” said CEO Ahmed El Sewedy.

EDITA REPORTS REVENUE GROWTH FOR 1Q 2025-

Edita sees 9.1% y-o-y topline growth: Edita Food Industries reported a 9.1% y-o-y increase in its revenues for 1Q 2025 to EGP 4.3 bn, “driven by strategic pricing initiatives post introducing new products at higher price points following the March 2024 devaluation,” according to the company’s latest earnings release (pdf). Net income, however, dipped 12.7% y-o-y to EGP 381 mn.

Cakes lead the growth: The cake segment was Edita’s biggest revenue driver as it contributed 53.7% of total sales and grew 14.3% y-o-y to EGP 2.3 bn. The bakery segment came in second, despite seeing a 11.4% y-o-y dip in revenues, the wafers segment followed with a 11.8% y-o-y jump to EGP 551.2 mn.

Exports also contributed: Net export sales rose 19.5% y-o-y to EGP 317.5 mn during the quarter, with Edita Morocco’s revenues growing 57.9% y-o-y to EGP 127.4 mn “fueled by restructuring initiatives in its distribution models aimed at improving efficiency and expanding market reach.”

What they said: “As the market shows signs of stabilization, we are poised to capitalize on recovering consumer demand and increased volumes. In addition to fostering our leading position in the cake and bakery segments, our focus remains steadfast on cultivating new revenue streams, particularly within our nascent wafer, biscuit, candy, and frozen segments, alongside our ongoing regional expansion efforts,” CEO Hani Berzi said (pdf).

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