Elsewedy Electric saw its net income after minority interest increase 2.1% y-o-y in 2Q 2025 to reach EGP 4.5 bn, according to the company’s latest earnings release (pdf). Revenues grew 12.3% y-o-y during the quarter to record EGP 64.4 bn.

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Driving the growth: The company’s wires and cables segment was once again its main driver of revenues, growing 4.5% y-o-y to EGP 37.8 bn during the quarter, which it attributed to the segment’s diverse product portfolio, strategic pricing initiatives in the Saudi and Algerian markets, and a 24% increase in volumes. Its engineering & construction segment was the second biggest revenue contributor, growing 22.8% y-o-y to EGP 17.4 bn during 2Q 2025.

On a 1H basis: During the first half of the year, Elsewedy Electric’s net income after minority interest rose 3.1% y-o-y to EGP 8.7 bn. The company’s revenues came in at EGP 123.8 bn during the same period, up 20.6% y-o-y.

Looking ahead: “We remain firmly committed to delivering on our three-year strategic growth plan, while actively exploring opportunities in new markets —and even new industries,” said CEO Ahmed El Sewedy.

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