Several EGX-listed companies released their 2Q and 1H 2025 earnings yesterday, including Madinet Masr, Rameda, Talaat Moustafa Group, and Al Baraka Bank Egypt.

MADINET MASR’S NET INCOME JUMPS IN 2Q-

Real estate developer Madinet Masr saw its net income rise 76.2% y-o-y in 2Q 2025 to EGP 488.4 mn, the company said in its latest earnings release(pdf). Revenue climbed 59.1% y-o-y to EGP 2.2 bn during the quarter, driven by demand for newly launched projects.

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The bigger picture: In the first half of 2025, the developer’s net income normalized to EGP 1.3 bn, down 11.9% y-o-y. Meanwhile, revenue recorded EGP 4.8 bn during the six-month period, up 7.0% y-o-y.

Sales momentum holds: Gross contracted sales hit EGP 10 bn in 2Q 2025, up 65.0% y-o-y, bringing the 1H total to a record EGP 21.3 bn, up 1.1% y-o-y. The firm’s Sarai project accounted for the largest portion of the quarter’s sales, making up 58.1%, Taj City accounted for 9.8%, and other projects accounted for 29.5%. Unit deliveries rose 105.7% y-o-y in 2Q to 288, while 1H deliveries were up 86.1% y-o-y at 521 units.

What they said: “Throughout this period, we sustained our growth trajectory and scored significant growth across key financials by capitalizing on our key advantages: pioneering product innovations, strategic geographic and portfolio expansions, and an unwavering commitment to creating lasting value for our customers and stakeholders,” said CEO Abdallah Sallam.

Looking ahead: Madinet Masr plans to maintain its growth momentum in the second half of the year by expanding its development portfolio, rolling out new product offerings, and sustaining financial resilience. Management expects recently launched subsidiaries and regional ventures to support diversification, boost customer engagement, and strengthen its position in the market.

RAMEDA’S NET INCOME RISE 57% IN 2Q-

Local pharma player Rameda posted a 57% y-o-y increase in net income to EGP 99 mn in 2Q 2025, according to the company’s latest earnings release (pdf). Revenue rose 71% y-o-y to EGP 963 mn, driven by a 73% jump in private sales and a 130% increase in toll manufacturing, while tenders revenues rose 47% y-o-y on profitable awards.

As for 1H 2025, the company’s net income rose 50% y-o-y to EGP 185 mn, while its revenue increased 79% to EGP 1.83 bn. “Solid revenue growth from private sales was driven by volume growth of 65% y-o-y to 24 mn units, the full impact of repricing across key products, and normalization of production post-FX shortages,” the earnings release read.

What they said: “The first half of 2025 was defined by meaningful progress on our strategic priorities,” said CEO Amr Morsy, pointing to new launches in diabetes, cardiovascular, CNS, and gastrointestinal therapies, and the acquisition of two CNS and pain management products. CFO Mahmoud Fayek said the acquisitions should start contributing from 3Q and that cost discipline will help Rameda meet full-year profitability targets.

TMG SEES INCOME, REVENUES INCREASE IN 1H-

Real estate giant Talaat Moustafa Group saw its net income rise 69% y-o-y in 1H 2025 to EGP 8.1 bn, according to the company’s latest earnings release (pdf). Revenues for the period rose 43% y-o-y to EGP 24.4 bn.

Hospitality was the main driver of revenue growth, with the segment drawing EGP 7.2 bn in total revenues during the period, marking a 39% y-o-y increase. Revenues from recurring income activities and service-related operations — think malls, sporting clubs, utilities, contracting, and other services — rose 68% y-o-y to record EGP 4.6 bn.

The group’s real estate sales were up 59% y-o-y, reaching EGP 211 bn during the first half of the year, despite the lack of any new launches during the period. This increase was underpinned by the group’s South Med project’s sales and reservations reaching approximately EGP 106 bn during 1H 2025, bringing total accumulated sales to EGP 384 bn.

AL BARAKA BANK EGYPT POSTS STRONG 1H PERFORMANCE-

Al Baraka Bank Egypt reported a 46.7% y-o-y jump in net income after tax in 1H 2025, recording EGP 2.0 bn, driven by a 42.5% rise in pre-tax income to EGP 2.8 bn and a 32.4% increase in operating revenue to EGP 4.32 bn, the lender said in a statement(pdf). The bank saw net interest income climb 27.5% y-o-y to EGP 3.6 bn. Total assets grew 6.6% y-o-y to EGP 136.2 bn, and customer deposits were up 7.7% at EGP 114.8 bn.

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