Corporate news
Earnings Commentary – Palm Hills Developments [PHDC]
Palm Hills Developments delivered a strong performance in 9M2025, with revenues rising 42% YoY to EGP 25.5bn, supported by sustained new sales momentum and continued backlog recognition. Gross profit increased 63% YoY to EGP 10.4bn, with the gross margin improving to 41% compared to 36% in 9M2024.
EBITDA grew 61% YoY to EGP 6.7bn, reflecting stronger operating efficiency, while the EBITDA margin reached 26%. Net profit after tax and minority interest climbed 50% YoY to EGP 3.5bn, maintaining a solid 14% net profit margin.
Operational activity remained robust, with new sales reaching a record EGP 182bn, up 40% YoY, driven by strong performance in West Cairo, Badya, East Cairo, and the North Coast. Construction spending increased 71% YoY to EGP 10.5bn, supporting faster execution and future revenue visibility.
Net debt stood at EGP 4.2bn by the end of the period, reflecting higher construction activity.
Overall, Palm Hills recorded strong revenue growth, expanding margins, and exceptional sales performance, positioning the company for continued growth through year.
Mariam Rafek-Equity Analyst
MHany@egy.primegroup.org