Our friends at real estate giant SODIC reported a 143.7% y-o-y jump in net income in 1Q 2025 to EGP 950.7 mn for the three-month period, the company said in its latest financial statement (pdf). The increase represents a nearly 3x increase on the EGP 390 mn the company reported in the same period last year.

Their topline was also up 50.0% in the first quarter of 2025, coming at EGP 2.8 bn, up from EGP 1.8 bn in 1Q 2024. The company also recorded EGP 3.0 bn in net contracted sales during the quarter, alongside a net cash collection of EGP 4.1 bn.

Driving growth was its Villette project with 80 units delivered totalling EGP 949 mn, followed by its Six West Commercial with 27 units that brought in EGP 876 mn. Third on the list is its Six West Residential project with EGP 574 mn through 16 units.

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