Corporate news
Earning Commentary TMG Holding [TMGH]
Talaat Moustafa Group Holding Reports Outstanding 9M 2025 Results
TMGH recorded consolidated revenues of EGP 38.3 bn in the first nine months of 2025, marking a 37% YoY growth, driven by strong real estate sales and expanding recurring income from the hospitality, clubs, and services segments.
Recurring revenues reached EGP 16.8 bn, up 41% YoY, underscoring the Group’s strategy of building a sustainable, hard-currency income base.
Gross profit rose to EGP 13.1 bn, up 39% YoY, supported by stronger margins in property development and hotels, coupled with enhanced operational efficiency.
Net profit after tax and minority interest jumped to EGP 12.6 bn, up 70% YoY, while earnings per share (EPS) surged to EGP 5.08 versus EGP 2.28 a year earlier — a testament to TMGH’s ability to maximize shareholder returns.
The Group achieved total new sales of EGP 74 bn (~USD 2.4 bn) during the period, marking the second-highest sales level in TMGH’s history.
TMGH’s market capitalization stood at EGP 148 bn (USD 3.1 bn), positioning it as the second-largest company on the EGX30 Index and among the top 6% of listed firms across emerging markets.
Regionally, TMGH expanded its footprint with the “Banan” project in Saudi Arabia, new development agreements in Oman and Iraq, and the acquisition of seven historic hotels, supporting its growing stream of USD-denominated revenues.
These exceptional results reaffirm TMGH’s success in diversifying income sources, boosting recurring revenues, and achieving sustainable, balanced growth, consolidating its leadership position in Egypt’s and the region’s real estate and hospitality sectors.
Mariam Rafek-Equity Analyst
MHany@egy.primegroup.org