More earnings come in: Raya Holding, Egypt Kuwait Holding, Oriental Weavers, and more are out with their 9M and 3Q earnings for the year.

RAYA HOLDING RECORDS 47% INCREASE IN NET INCOME-

Raya Holding saw its net income after minority interest rise 47.0% y-o-y during the first nine months of the year to EGP 1.6 bn, according to the company’s latest earnings release (pdf). Revenues came in at EGP 45.5 bn during the period, marking 41.0% y-o-y growth, “driven by the continued momentum of the group’s four largest contributors” and foreign currency revenues jumping 54.6% y-o-y to EGP 8.8 bn.

The breakdown: Raya Trade and Distribution was the largest contributor to group revenues during the nine-month period, accounting for 38.0% of the total. The subsidiary brought EGP 17.3 bn in revenues, up 33.2% y-o-y, supported by mobile distribution, retail, and its Nigerian operations. Raya IT came second with 27.4% of revenues, raking in EGP 12.5 bn, up 65.1% y-o-y, on the back of strong regional demand and higher-margin managed services. The group’s NBFS arm Aman was the third-largest contributor, bringing in 14.4% of revenues with EGP 6.6 bn, up 51.4% y-o-y.

And for 3Q, the group recorded a net income after minority interest of EGP 740 mn, marking a 62.4% y-o-y increase, while revenue came in at EGP 17.7 bn, up 45.5% y-o-y.

EKH SEES REVENUES JUMP 32%-

Egypt Kuwait Holding (EKH) reported a 32% y-o-y jump in revenues during 9M 2025 to USD 576 mn, “driven by broad-based top-line growth across the portfolio, balance sheet optimisation and operational growth across the portfolio,” according to the company’s latest earnings release (pdf). Net income for the period saw a 2% y-o-y dip, coming in at USD 137 mn. The company attributed the drop to FX gains of USD 55.9 mn recorded in 9M 2024, compared to FX losses of USD 5.6 mn during the same period this year.

The details: Fertilizer arm AlexFert contributed the lion’s share of total revenues with a 31% share in the first nine months of the year. The subsidiary’s revenue increased 16% y-o-y to USD 178 mn during the period, driven by higher export urea prices. Petrochemical subsidiary Sprea Misr recorded USD 128 mn in revenues, up 26% y-o-y and contributing 22% of total revenues. NatEnergy saw its revenue increase 21% y-o-y to USD 53.7 mn, Kahraba’s revenue rose 16% y-o-y to USD 45.3 mn, and ONS clocked in a 6% y-o-y increase in revenue to USD 45.9 mn.

Zooming in: EKH reported revenues of USD 179 mn during the third quarter of the year, marking a 32% y-o-y increase, on the back of broad-based growth across its fertilizers, petrochemicals, utilities, and diversified segments. Its net income came in at USD 35.2 mn during the three-month period, down 9% y-o-y, which the company attributed to “higher impairment reversals of USD 7.7 mn and USD 4.3 mn contribution from Delta Ins.”

Looking ahead: “As we look ahead to the remainder of the year, we remain focused on executing our strategic deliverables, driving operational excellence across our key platforms, and unlocking further value through active portfolio and balance sheet management. With a solid foundation and a forward-looking strategy in place, we are poised to capture additional growth opportunities across both our core as well as new markets,” CEO Jon Rokk said.

IBNSINA PHARMA POSTS RECORD 9M PERFORMANCE-

EGX-listed pharma distributor Ibnsina Pharma saw its net income hit a record EGP 659.8 mn during the first nine months of the year, marking a 62.3% y-o-y jump, according to its latest earnings release (pdf). Revenues for the period rose 44.2% y-o-y to EGP 55.4 bn, thanks to a 48% y-o-y jump in sales to EGP 296.2 bn.

Ibnsina maintained its lead in Egypt’s pharma distribution market with a 30.9% share.

During 3Q 2025, the pharma players recorded an unprecedented EGP 271 mn in net income, marking a 46.6% jump y-o-y. The company’s revenues grew 30.5% y-o-y during the period to EGP 20.3 bn.

What they said: “Economies of scale continue to positively impact our financials, with EBITDA growing faster than gross profit and net revenues. However, the high-interest rate environment hinders the full translation of our growth into higher net profit levels,” the company’s CEOs said.

ORIENTAL WEAVERS’ NET INCOME TAKES A DIP-

Oriental Weavers saw its net income dip 19% y-o-y during 9M 2025 to EGP 1.8 bn, while revenues were up 13% y-o-y at EGP 19.5 bn, according to its latest earnings release (pdf). During 3Q 2025, the company reported a net income of EGP 646 mn, down 8% y-o-y, while revenues rose 7% y-o-y to EGP 6.9 bn, mainly supported by higher average selling prices.

UNITED BANK REPORTS EARNINGS-

United Bank’s net income after tax took a dip during the first nine months of the year, logging EGP 1.8 bn, down 9.4% y-o-y, according to the lender’s latest financial statement (pdf). Net interest income for the period came in at EGP 3.9 bn, up from EGP 3.5 bn the year before.

PHD RECORDS JUMP IN REVENUES, INCOME-

Local real estate giant Palm Hills Developments saw its net income jump 50% y-o-y in 9M 2025 to EGP 3.5 bn, according to its latest earnings release (pdf). Revenues grew 42% y-o-y to EGP 25.4 bn during the period on the back of strong new sales. Net income rose 93% y-o-y during the third quarter of the year to EGP 1.1 bn, while revenues jumped 42% y-o-y to EGP 10.0 bn.

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