Corporate news
BONY | 1Q26 Strong Financial Results
Recommendation: Buy
Target price: EGP 7.54
Bonyan delivered a strong 1Q26 financial results supported by continued lease pricing, sustained occupancy levels of 97% and resilient demand for high quality Commercial assets across Greater Cairo.
Total revenues recorded a 106% yoy increase reaching EGP 370 million up from EGP 180 million in 1Q25, gain in fair market value recorded EGP 800 million (+ 52% yoy)
EBITDA recorded a 48% yoy increase reaching EGP 911 million compare to EGP 614 million in 1Q25, net income recorded EGP 593 mn ( + 42% yoy ), cash flow from operations increased by 65% yoy to EGP 193 million in 1Q26 compare to EGP 117 million in 1Q25 driven by continued lease pricing, contractual rental escalations and the sale of four units in Walk of Cairo during the quarter.
Walaa Mosalam - Prime Research
WMosalam@egy.primegroup.org