Bonyan reports “strong” 2025 results

Real estate investment company Bonyan recorded a net income margin of 65% last year, relatively unchanged y-o-y, according to its latest earnings release (pdf). The “healthy margin” reflects the strong growth in rental revenues and a dip in interest expenses, which helped offset the halt in sales. The company saw its bottom line fall 25% y-o-y to around EGP 2 bn last year, while its top line slipped 5.3% y-o-y to EGP 856.3 mn.

Gross asset value — a key metric of the real estate investment company’s performance — rose to EGP 17.5 bn in 2025, marking a 9.4% y-o-y increase.

Zooming in: Bonyan saw its net income drop 77.7% y-o-y to EGP 196.2 mn during 4Q 2025, while its top line rose 9.4% y-o-y to EGP 258.2 mn.

What they said: “2025 marked a strong operational year for Bonyan, supported by sustained leasing momentum and continued progression across its portfolio of premium Grade-A commercial assets,” said CEO Tarek Abdelrahman. “These results were achieved amid a moderating inflationary environment and a slower uplift in fair value gains.”

TMG sees net income, revenue jump in 2025

Talaat Moustafa Group (TMG) reported a 43% y-o-y increase in net income to EGP 18.2 bn in 2025, according to the real estate giant’s latest earnings release (pdf). Revenues climbed 46% y-o-y over the same period to a record EGP 62.5 bn, as the group benefited from strong delivery momentum and a growing base of recurring income.

Real estate was the main driver of top-line growth, with segment revenue increasing 50% y-o-y to EGP 36.7 bn on the back of deliveries across Madinaty, Al Rehab, and Celia, as well as the initial EGP 6.5 bn revenue contribution from the Banan project in Saudi Arabia. Contracted sales reached EGP 382.2 bn during the period.

MEANWHILE- Revenue from TMG’s hospitality segment rose 30% y-o-y to EGP 14.9 bn last year on higher occupancy rates and average room rates, while revenue from recurring income activities — including leasing, sporting clubs, utilities, transportation, and other community services — increased 64% to EGP 10.9 bn.

Egypt moves up the automotive value chain with USD 100 mn Himile factory

China’s Himile Group will invest USD 100 mn in a new factory in Egypt to produce tire molds and industrial components, bolstering the country’s automotive feeder industries and deepening local manufacturing capacity, according to a cabinet statement. The 100k sqm facility is expected to be completed in 1H 2026. Once operational, it’s expected to create between 1k-2k jobs and position Egypt as an export base serving the Middle East, Europe, and the Americas.

EGPC doubles down on exploration to shore up national reserves

The General Petroleum Corporation earmarked over EGP 8 bn in its FY 2026-27 budget to drill 66 wells, including eight exploration wells, under an Oil Ministry-approved plan to support reserves and manage natural production decline, according to a ministry statement. The state-owned firm plans to double exploration drilling in 1H 2026, expand enhanced oil recovery projects, and accelerate development of the Asran field with around USD 350 mn in planned investments over five years.

IN CONTEXT- The Oil Ministry said last week that 2026 will see the largest gas well-drilling program ever conducted in the Mediterranean, carried out in partnership with international oil companies.

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