🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.
Today: We have the latest financial results from Elsewedy Electric, Madinet Masr, & Juhayna. Let's dive in
Market overview
EGX Pulse
🔔 EGX30 ended -1.85% by market close at 45,926 points, the EGX70 fell 1.26% to 12,543 points, and the EGX100 dropped 1.33% to reach 17,551 points.
💸 The number of transactions reached 139,171 spread across 1,015,248,445 stocks leading to a turnover of EGP 4.987 billion.
🏷️ Local investors were the only net buyers.
📈 Top gainers for the market as a whole included Arab Valves Company (+13.1%), Bonyan for Development and Trade (+8.8%), and Valmore Holding-EGP (+6.6%).
📉 Top losers for the market included Raya Holding (-4.7%), Gmc Group For Industrial Commercial & Financial Investments (-4.7%), and El Obour Real Estate Investment (-4.6%).
⬆️ Top gainers for EGX30 included Valmore Holding -EGP (+6.6%), AMOC (+2.9%), and Qalaa Holdings (+0.3%).
⬇️ Top losers included Raya Holding (-4.7%), Rameda (-4.5%), and ADIB (-2.7%).
Other Important Stats:
🧈 24K Gold reached EGP 8,476 per gram, down 0.21% day-on-day but up 10.96% month-on-month.
💲 The USD reached EGP 52.48 at the National Bank of Egypt.
Corporate corner
Elsewedy Electric’s profit drops slightly in 2025
Elsewedy Electric (SWDY) reported a net profit of EGP 17.3 billion for 2025 , reflecting a slight drop of 0.8% year-on-year, according to its latest earnings release.
Revenue grew 21.2% in 2025:
Total consolidated revenue reached EGP 281 billion , marking a 21.2% increase compared with the previous year. Growth was supported by the company's broad international footprint and solid contributions across all business segments.
Segment performance highlights:
Wires, Cables & Accessories: brought in EGP 155.8 billion in revenues (+8.0% YoY) , remaining the key contributor to the group's total top-line.
Engineering & Construction: EGP 87.1 billion (+51.0% YoY) , driven primarily by an expanding portfolio of international projects.
Electrical Products: EGP 17.7 billion (+43.9% YoY) , fueled by a 43% increase in volumes.
Digital Solutions: EGP 16.6 billion (+13.0% YoY) , reflecting a 54% increase in meter sales volumes.
Infrastructure Investment: EGP 3.86 billion (+28.0% YoY) , though the segment recorded a gross loss in the final quarter due to shifting margins.
Details for the fourth quarter:
For the fourth quarter of 2025, total consolidated revenue rose to EGP 81.3 billion , up 21.1% year-on-year from EGP 67.2 billion in 4Q 2024. Net profit after minority interest reached EGP 4.66 billion , up 10.6% versus the same quarter last year
Stock performance:
The company’s share value is unchanged since the beginning of 2026. Over the past 12 months, its share price is down 2.32%.
In other news from the company:
The company’s board proposed distributing EGP 3.97 billion in cash dividends for 2025, equivalent to EGP 1.85 per share.
The company also plans to cancel 1.42 million treasury shares from its incentive program, slightly reducing issued capital from EGP 2.140 billion to EGP 2.139 billion.
Corporate corner
Madinet Masr’s profit rises 24% in 2025
Madinet Masr (MASR) reported strong growth in 2025, with net profit rising 23.8% year-on-year to EGP 3.6 billion, while revenue jumped 38.4% to EGP 11.7 billion, fueled by higher unit deliveries and solid demand, according to its latest earnings release.
New sales:
New sales reached EGP 52.6 billion, marking a 10.7% increase from a year earlier, largely driven by the company’s flagship projects Sarai and Taj City. Sarai contributed 61.5% of new sales, while Taj City accounted for 12.4%.
Details for the fourth quarter:
In the final quarter alone, profits rose 202.8% to about EGP 1.3 billion, while revenue surged 330% to EGP 4.3 billion. New sales during the quarter reached EGP 16.1 billion.
Stock performance:
The company has seen strong momentum since the beginning of 2026, with its share price rising 33.4%. This brings its gains over the past 12 months to 35.4%
In other news from the company:
The company’s board yesterday proposed a cash dividend of EGP 0.15 per share for FY 2025, subject to approval by the ordinary general assembly.
Corporate corner
Juhayna’s profit drops 18% in 2025
Juhayna (JUFO) recorded a net profit of EGP 2.25 billion in the full year of 2025 , an 18% YoY drop from EGP 2.74 billion in 2024, according to its latest earnings release. This decline was mainly due to the normalization of concentrate prices following “exceptional highs” in the previous year , as well as higher interest expenses resulting from the company's ongoing CAPEX commitments.
Net revenue reached EGP 30 billion for the full year , representing a 23.4% YoY increase from EGP 24.3 billion in FY 2024.
Product-level performance:
Dairy: EGP 15.31 billion in revenue, up 31% YoY.
Fermented products: EGP 6.93 billion in revenue, up 44% YoY.
Juice: EGP 6.25 billion in revenue, up 38% YoY.
Concentrates & Agri: EGP 1.40 billion in revenue, down 56% YoY.
3rd Party Distribution: EGP 90 million in revenue, down 43% YoY.
Exports reached EGP 2.2 billion in FY25. While EGP-denominated export revenue fell due to a temporary reduction in global orange concentrate prices , a strategic pivot toward finished product exports resulted in a 54% increase in USD terms for that category.
4Q25 results:
In the fourth quarter of 2025, Juhayna's net profit rose 115% YoY to EGP 639 million. Net revenue for the quarter reached EGP 7.85 billion , up 31% YoY from EGP 6 billion in 4Q 2024.
Future plans and expansion:
The company is executing a strategic CAPEX program, having invested EGP 2.98 billion as of FY25 to advance its farming, manufacturing, and distribution capabilities. This program is funded through proactive bank financing , contributing to a 202% increase in net debt to EGP 5.96 billion.
Stock performance:
The company’s share value is up 5.5% since the beginning of 2026, however its share price is down 6.8% over the past 12 months.
In other news from the company:
The company’s board proposed a dividend distribution for FY 2025, combining a cash payout and bonus shares. The proposal includes a cash dividend of 40 piasters per share (totaling EGP 470.7 million) and one bonus share for every 4 original shares (totaling 294.18 million shares.)
Other important news:
A major transaction yesterday reshaped the top shareholders of Rameda (RMDA). Equinox Pharma Holding sold 220 million shares at an average of EGP 5.1 per share, cutting its stake from 19.34% to 8.34%. The buyer, LVP PHARMA, acquired 223 million shares (totaling EGP 1.136 billion), boosting its stake from 12% to 23.15%.
It is worth noting that Rameda has seen strong momentum since the start of the year, with its share price rising 35% since the beginning of 2026.
