Earnings season is in full swing: In today’s issue we have earnings from Talaat Moustafa Group, Orascom Development, and Fawry.

TALAAT MOUSTAFA SEES A JUMP IN NET INCOME-

Real estate giant Talaat Moustafa Group (TMG) reported a net income of EGP 12.6 bn in the first nine months of the year, up 70% y-o-y, according to its latest earnings release (pdf). Revenues for the period grew 37% y-o-y to EGP 38.3 bn, driven by an increase in real estate and hospitality revenues.

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Real estate sales recorded EGP 324 bn in 9M 2025, down from the EGP 454 bn recorded in the same period last year, “a remarkable achievement considering the absence of any new destination launches in 2025 and relying solely on the organic volume and pricing growth in existing projects.” The launch of the second phase of its SouthMed project in the North Coast recorded EGP 120 bn in new sales during the nine-month period, bringing total sales from the project to around EGP 400 bn since its launch in July of last year.

TMG recorded EGP 9.9 bn in revenues from its hospitality operation in 9M 2025, marking a 27% y-o-y increase. The company’s total recurring revenues reached an “unprecedented” EGP 16.8 bn.

Also supporting top line growth: Revenues from recurring income activities and service-related operations — think sporting clubs, malls, and non-residential properties, transportation, and other services — recorded EGP 6.95 bn during the nine-month period, marking a growth of 68% y-o-y.

ODE SEES NET INCOME JUMP 70% IN 9M 2025-

EGX-listed Orascom Development Egypt (ODE) saw its net income jump 70.4% y-o-y in 9M 2025 to reach EGP 3.8 bn, according to the company’s latest earnings release (pdf). Revenues for the nine-month period recorded EGP 17.2 bn, up 11.6% y-o-y, marking a “strong performance within a challenging economic environment,” the company said.

The hospitality segment recorded revenues of EGP 4.1 bn during the period, marking a 38% y-o-y increase, which the developer attributed to an “ongoing recovery in Egypt’s tourism sector,” high occupancy rates, and price adjustments.

Revenues from the commercial assets segments grew 46.4% y-o-y to reach EGP 3.1 bn during the first nine months of the year, continuing to act as “steady source of cashflow, supporting the group’s expansion efforts and helping offset the effects of economic downturns caused by unforeseen events.”

Meanwhile, real estate revenues dipped 6% y-o-y to EGP 8.6 bn in 9M 2025, and real estate sales saw a 30% y-o-y dip to EGP 16.2 bn. “International sales continue to be a critical aspect of our operations, accounting for nearly 46% of total real estate sales, up from 42% in 9M 2024.”

What about 3Q? ODE recorded net income of EGP 771 mn in 3Q 2025, marking a 40.3% y-o-y dip, while revenues rose 8.9% y-o-y to EGP 5.7 bn. Hospitality revenues recorded EGP 1.4 bn during the quarter, marking a 25.8% y-o-y increase, while revenues from commercial assets jumped 53% y-o-y to EGP 1.2 bn.

FAWRY SEES A JUMP IN NET INCOME, REVENUES-

Fintech giant Fawry saw its bottom line grow 84% y-o-y during the first nine months of the year to EGP 2.0 bn, according to its latest earnings release (pdf). Meanwhile, revenues rose 57.6% y-o-y to EGP 6.1 bn, driven by strong performances across all of its business segments.

Its financial services segment more than doubled its revenues during the nine-month period to EGP 1.7 bn, accounting for 27.4% of total revenues. Banking services saw revenue jump 48.3% y-o-y to EGP 2.4 bn, fueled by a 64.3% rise in acceptance and a 32.7% jump in agent banking. The alternative digital payments segment recorded revenues of EGP 1.5 bn, up 21.5% y-o-y, while supply chain solutions revenues rose 41.1% y-o-y to EGP 357.5 mn.

Zooming in: The fintech saw its net income increase 63% y-o-y in 3Q 2025 to EGP 778.6 mn and revenues rise 48.4% y-o-y to EGP 2.3 bn.

Looking ahead: “We are scaling services and revenue smartly – expanding our offerings and market reach while deepening customer value through upselling and high retention. At the same time, we continue to pursue targeted customer acquisition and practice strict cost management to ensure high ROI on growth initiatives,” CEO Ashraf Sabry said.

ALEXCONTAINER SEES DIP IN INCOME & REVENUES IN 1Q 2025-2026

Alexandria Container and Cargo Handling saw its net income after taxes fall 9% y-o-y to EGP 1.7 bn during the first quarter of the fiscal year 2025-2026, according to the company’s latest earnings release (pdf). Revenues also dipped 6% y-o-y to EGP 1.9 bn during the period.

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