Corporate news
Orascom Development [ORHD]
Commentary on the first nine months of the year
The company recorded revenues of EGP 17.2 bn from January to September 2025, compared to EGP 15.4 bn for the same period last year, representing a growth rate of 11.6%.
At the sector level:
- The hotel sector recorded revenues of EGP 4.1 bn, representing a 38% (YoY) increase.
- The city management sector recorded revenues of EGP 3.1 bn, representing a 46% (YoY) increase.
- Land sales recorded revenues of EGP 1.5 bn, representing a 17% (YoY) increase.
- Real estate sector revenues decreased by 8% (YoY) to record EGP 8 bn.
The profit/loss item turned into a net profit of EGP 969 M from January to September 2025, compared to a loss of EGP 1.8 M in the same period of the previous year. This change is due to the company achieving foreign exchange gains of EGP 1 bn from January to September 2025, compared to foreign exchange losses of EGP 2 bn during the comparison period, which led to the company achieving a net profit of EGP 3.8 bn , an increase of 70% compared to the same period last year.
Walaa Mosalam - Head of Research
WMosalam@egy.primegroup.org