Corporate news
El Nozha International Hospital (NINH)
Financial and Operational Performance Summary – Q1 2026
The company reported strong financial and operational performance during the first quarter of 2026, supported by improved operating efficiency and sustained growth in demand for healthcare services, which positively reflected on both revenues and profitability levels.
Revenues increased by 9.18% year-on-year, reaching EGP 135.46 million, compared to EGP 124.07 million in the same period last year. The growth was mainly driven by higher occupancy rates and an improved service mix, particularly higher-margin medical services.
The company also achieved a notable improvement in operational efficiency, with gross profit margin rising to 34.15%, compared to 30.84% in the comparable period, reflecting management’s success in controlling direct costs.
The revenue growth translated into stronger profitability, as net profit reached EGP 47.0 million, representing a 19.29% YoY increase. Net profit margin expanded to 34.70%, compared to 31.76% in Q1 2025, indicating solid profitability levels.
Interest income generated from bank deposits and treasury bill investments supported net earnings and enhanced the company’s cash flow position.
The company continues to deliver solid growth momentum, backed by improving operating performance and stable demand for healthcare services. The stock is currently trading at approximately 33x P/E, which represents a relatively elevated valuation level; however, continued earnings growth could gradually compress valuation multiples going forward.
Overall, the current performance reflects the company’s strong financial and operational position. Revenues are expected to continue growing, supported by rising demand for private healthcare services and improved medical pricing. Operational expansions and better asset utilization are also expected to sustain earnings growth in the coming periods.
Capital Increase and Bonus Share Distribution
The Egyptian Exchange Listing Committee approved increasing the company’s issued and paid-in capital from EGP 242 million to EGP 300 million, representing an increase of EGP 58 million, distributed through 58 million bonus shares at a nominal value of EGP 1 per share.
Bonus shares will be distributed at a ratio of 0.2396694215 bonus share for each original share, financed from retained earnings according to the financial statements as of 31 December 2025.
Eligibility for bonus shares will apply to shareholders and purchasers of the stock up to the close of trading on Wednesday, 13 May 2026.
Mostafa Amin
Equity Analyst
MAmin@egy.Primegroup.org