Guardian Glass to establish energy-efficient glass facility in Egypt

US-based Guardian Glass is set to establish a factory producing coated glass engineered to cut building electricity consumption by up to 40%, according to a statement from the General Authority for Investment and Freezones. The plant set to open in June will produce low-emissivity glass that reflects indoor heat back into buildings during winter and blocks solar heat during summer with an eye to using the factory as an export hub to other African markets.

Why it matters: Grade A office and retail developers in Egypt have long depended on imported high-performance glass, exposing them to FX volatility and long lead times. As the government moves toward stricter green building codes and continues to phase out electricity subsidies, energy-efficient buildings are becoming an important way for companies to reduce operating costs.

Telecom Egypt rides data wave to EGP 22.6 bn profit

Telecom Egypt’s net income jumped 123% y-o-y to EGP 22.6 bn in 2025, supported by a 71% rise in income from Vodafone Egypt to EGP 14.8 bn following price adjustments rolled out throughout the year, according to its latest earnings release (pdf). Revenues climbed 31% y-o-y to EGP 106.7 bn, fueled largely by a 46% jump in data revenue, which contributed nearly 60% of the total top-line growth.

During 4Q, net income nearly quadrupled from a year earlier to EGP 5.6 bn, while revenues grew 22% y-o-y to EGP 28.6 bn, as a 42% increase in retail revenue helped offset softer performance in the domestic and international carrier segments.

GB Corp revenue saw revenues rise in 2025 on automotive market recovery

GB Corp’s bottom line was broadly flat in 2025, edging down 1.6% y-o-y to EGP 2.9 bn, as rising finance costs and higher provisioning across its segments offset solid operational growth, it said in its latest earnings release (pdf). However, revenue was up 48.7% y-o-y to EGP 80.2 bn over the same period, supported by a rebound in the automotive market and sharp expansion in its financing arm, GB Capital.

The automotive division remained the main growth engine, with GB Auto revenues climbing 41% y-o-y to EGP 66.4 bn. Passenger car volumes in Egypt rose 34.5%, aided by FX stability and easing interest rates that lifted consumer demand. Meanwhile, GB Capital nearly doubled its revenues to EGP 14.7 bn, while advancing its funding diversification strategy.

4Q performance was more pressured, with net income falling 59.7% y-o-y to EGP 457 mn, despite revenues rising 22.3% to EGP 22.7 bn. Profitability was weighed down by regional pressures in Iraq and Jordan, where parallel imports of Chinese vehicles squeezed margins, in addition to lower investment income from MNT-Halan amid hyperinflationary accounting in Turkey and the timing of securitization transactions.

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