Corporate news
Abu Qir Fertilizers [ABUK]
The company posted robust performance driven by multiple catalysts, recording a 28% YoY growth in sales to reach EGP 13 billion as of 31 December 2025, compared to EGP 10 billion as of 31 December 2024. Gross profit increased by 56%, rising from EGP 4.37 bn in 2024 to EGP 6.8 bn in 2025, driven by an improvement in the gross profit margin which expanded to 51.78% at the end of 2025, up from 42.6% at the end of 2024.
Net profit reached EGP 5.11 bn in 2025, compared to EGP 4.45 bn in 2024, representing a 15% YoY growth
The company also recorded positive operating cash flows of EGP 546 million at the end of 2025, compared to negative operating cash flows of EGP 624 million at the end of 2024, reflecting a significant improvement in the company’s operating performance.
The company’s strong performance was driven by several factors
1- Continued operation of the company’s factories at full capacity, supported by stable natural gas supply.
2 -An increase in export volumes and values by 12% and 37% respectively over the comparative period.
3-Improved average prices across all channels: the Ministry of Agriculture allocation, the free local market, and exports.
Our view on the stock is positive, with a target price of EGP 75.8.
Walaa Mosalam - Prime Research
WMosalam@egy.primegroup.org