{"id":701739,"date":"2026-05-13T00:00:00","date_gmt":"2026-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=701739"},"modified":"2026-05-13T02:57:50","modified_gmt":"2026-05-13T02:57:50","slug":"egypts-largest-listed-developer-talaat-moustafa-reports-jump-in-income-revenue","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/13\/egypts-largest-listed-developer-talaat-moustafa-reports-jump-in-income-revenue\/","title":{"rendered":"Egypt\u2019s largest listed developer Talaat Moustafa reports jump in income, revenue"},"content":{"rendered":"

Talaat <\/strong>Moustafa Group<\/strong> (TMG) saw its net income jump 24% y-o-y to EGP 5.5 <\/strong>bn in 1Q 2026<\/strong>, according to the real estate player\u2019s latest earnings release (pdf)<\/a>. Revenues surged 39% y-o-y over the same period to EGP 13.1 bn, with growth attributable to a strong showing in the real estate and hospitality sectors and steady scaling of recurring revenue sources.<\/p>\n

Behind the numbers:<\/strong> Real estate spearheaded topline growth, with segment revenue surging 61.6% y-o-y to EGP 6.1 bn, fueled by handovers at Madinaty, Privado, and Celia, plus revenue recognition at its first foray into the Saudi market, Benan<\/a>, which contributed more than half of the developer\u2019s real estate revenues for the three-month period. Contracted sales fell 36% y-o-y to EGP 49.1 bn.<\/p>\n

Aside from real estate:<\/strong> Hospitality revenues climbed 21% y-o-y to EGP 4.3 bn, propelled by improved occupancy, average room rates, and sustained operational gains across the Legacy Hospitality portfolio. Occupancy rates rose 3 pps y-o-y to 63% during the quarter, whereas average room rates jumped 15% to EGP 13.7k.<\/p>\n

\n

Byit sets foot in the UAE<\/p>\n

Homeborn proptech startup Byit has launched in the UAE<\/strong>, rolling out new AI-powered solutions intended to simplify cross-border property transactions, according to a statement (pdf)<\/a>. By establishing Byit Ventures in the Emirates, the company is hardwiring Egyptian real estate supply with GCC investors.<\/p>\n

We knew GCC expansion was in the cards <\/strong>after the company said<\/a> it would use the USD 1.1 mn raised last December to fund its Gulf expansion. The company plans to expand into Saudi Arabia \u201cas part of its next growth phase.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Byit expands into the UAE<\/p>\n","protected":false},"author":1,"featured_media":701740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,7112,72,95,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-701739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-beltone-holding","tag-enterpriseam","tag-startup-watch","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"4d2be3d8-5099-4ef7-863c-d13bc69f903a","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1183.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TMG starts off the year with a 24% jump in income","related_issue":[701726],"teaser":"Plus: Byit expands into the UAE"},"yoast_head":"\nEgypt\u2019s largest listed developer Talaat Moustafa reports jump in income, revenue - 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Revenues rose 42% y-o-y to reach EGP 1.3 bn, up from EGP 945 mn in 1Q2018. Earnings growth was driven by a 58% y-o-y increase in commissions and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560588,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/04\/tmg-holding-income-falls-11-in-2020\/","url_meta":{"origin":701739,"position":1},"title":"TMG Holding income falls 11% in 2020","author":"enterpriseam admin","date":"4 March 2021","format":false,"excerpt":"Talaat Moustafa Group\u2019s (TMG) net income declined 11% in 2020 to EGP 1.7 bn, compared to EGP 1.9 bn a year earlier, according to the company\u2019s earnings statement (pdf). This came despite revenues jumping 20% y-o-y to hit EGP 14 bn during the year.","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593060,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/earnings-watch-sodic-telecom-egypt-tmg-amer-group\/","url_meta":{"origin":701739,"position":2},"title":"Earnings watch: SODIC, Telecom Egypt, TMG, Amer Group","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"EARNINGS WATCH- SODIC\u2019s 3Q2019 net profits came in at EGP 168 mn, with a profit margin of 12%, the company said in an earnings statement (pdf) on Thursday. Revenues for the quarter more than doubled y-o-y to EGP 1.4 bn with net contracted sales recording EGP 614 mn, dropping y-o-y\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574188,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/01\/banque-misr-nbe-sign-egp-4-bn-agreement-with-talaat-moustafa-subsidiary-to-develop-residential-projects\/","url_meta":{"origin":701739,"position":3},"title":"Banque Misr, NBE sign EGP 4 bn agreement with Talaat Moustafa subsidiary to develop residential projects","author":"enterpriseam admin","date":"1 September 2020","format":false,"excerpt":"Banque Misr and the National Bank of Egypt (NBE) have signed a EGP 4 bn financing agreement with Talaat Moustafa Group subsidiary the Arab Company for Projects and Urban Development to construct two mixed-use projects in Madinaty and Rehab City on a combined 341k sqm of land, according to an\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569343,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/","url_meta":{"origin":701739,"position":4},"title":"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"Talaat Moustafa Group (TMG) signed a contract with the Egyptian General Company for Tourism and Hotels (EGOTH) that will see TMG subsidiary Icon establish the planned Four Seasons-branded hotel in Luxor under a PPP framework, TMG said in a regulatory filing (pdf). The 200-room hotel is expected to cost up\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566107,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/earnings-watch-talaat-moustafa-group-obourland\/","url_meta":{"origin":701739,"position":5},"title":"EARNINGS WATCH: Talaat Moustafa Group + Obourland","author":"enterpriseam admin","date":"27 May 2021","format":false,"excerpt":"EARNINGS WATCH- Talaat Moustafa Group\u2019s (TMG) consolidated bottom line after taxes and minority rights rose 19% y-o-y in 1Q2021 to EGP 447 mn, the company said in a bourse filing (pdf). The company\u2019s topline grew 28% y-o-y during the quarter to EGP 2.9 bn.Cheesemaker Obourland saw its bottom line increase\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/701739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=701739"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/701739\/revisions"}],"predecessor-version":[{"id":701803,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/701739\/revisions\/701803"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/701726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/701740"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=701739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=701739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=701739"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=701739"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=701739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}