🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.
Welcome back, everyone. We hope you had a great Eid break. Today we have the latest financial results from EFG and Palm Hills. Let's take a look.
Market overview
EGX Pulse
🔔 EGX30 ended +3.4% by market close at 47,611 points, the EGX70 rose 0.9% to 12,629 points, and the EGX100 rose 1% to reach 17,666 points
💸 The number of transactions reached 118,439 spread across 1,571,190,392 stocks leading to a turnover of EGP 8.565 billion.
🏷️ Local investors were the only net buyers.
📈Top gainers across the broader market Egyptian Gulf Marseilia For Real Estate Investment (+12.5%), CIB (+8.5%), and Al Tawfeek Leasing Company (+8.3%).
📉 Top losers: Eastern Company (-3.8%), Creast Mark For Contracting And Real Estate Development (-3.0%), El Arabia for Land Reclamation (-2.8%.)
⬆️ Top gainers for EGX30 included CIB (+8.5%), Arabian Cement (+3.5%), and EFG Holding (+3.3%).
⬇️ Top losers included: Eastern Company (-3.8%), AMOC (-2.6%), and Kima (-2.3%).
Other Important Stats:
🧈 24K Gold reached EGP 7,806 per gram, down 1.1% day-on-day and down 3.2% month-on-month.
💲 The USD reached EGP 52.29 at the National Bank of Egypt.
Corporate Corner
EFG Holding’s net profit drops 5% in 2025
Financial services group EFG Holding (HRHO) reported a net profit after tax and minority interest of EGP 4.1 billion for 2025, a 5% decrease year-on-year, according to its latest earnings release.
Revenue climbed 7% in 2025:
Total operating revenues reached EGP 26.0 billion, marking a 7% increase compared with the same period last year. Growth was driven primarily by higher revenues generated by BANK NXT and EFG Finance, followed by Brokerage and the Buy-Side.
Segment performance highlights:
BANK NXT (Commercial Bank): brought in EGP 7.5 billion in revenues (+52% YoY), largely driven by a 30% increase in net interest income supported by a larger interest-earning asset base and significant revenues from the sale of non-core assets.
EFG Finance (NBFI Platform): EGP 6.7 billion (+39% YoY), supported by stronger business activity across all lines, particularly Valu, followed by Tanmeyah, Leasing, and Factoring.
EFG Hermes (Investment Bank): EGP 11.9 billion (-19% YoY), as overall performance was weighed down by lower revenues from Holding & Treasury Activities and lower Investment Banking revenues against a strong comparable base.
Details for the fourth quarter:
For the fourth quarter of 2025, total operating revenues rose to EGP 8 billion, up 37% year-on-year from EGP 5.8 billion in 4Q 2024. Net profit after tax and minority interest reached EGP 1.2 billion, up 26% versus the same quarter last year
Stock performance:
The company’s share value rose 3.3% following the news of its results on Wednesday. However, compared to levels recorded in March last year, its share price is down 7.2%
In other news from the company:
The board of EFG Holding approved continuing its shareholder distribution policy, allocating EGP 400 million to shareholders, either as cash dividends or through share buybacks.
Corporate Corner
Palm Hills’ profit rises 30% in 2025
Palm Hills (PHDC) reported a net profit of about EGP 4.2 billion in 2025, up 30% year-on-year, with the net profit margin improving to 12% from 9% in 2024, according to its latest earnings release.
Total revenues rose by 33% year-on-year to reach around EGP 36.2 billion, driven by strong real estate sales.
Sales provide future revenue visibility:
New sales during 2025 reached around EGP 215 billion, marking a 42% increase year-on-year. This brought total undelivered real estate sales to over EGP 240 billion by the end of December 2025, compared to EGP 147 billion in 2024, supporting strong future revenue visibility and sustained growth in the coming years, according to management.
The company has been making big moves:
In January, Palm Hills teamed up with the Egyptian Kuwaiti Company to develop a 1.4 million square meter residential project in West Cairo, adjacent to its Palm Hills October development. The project is set to launch in the first half of 2026 and is expected to generate around EGP 177 billion in total sales.
In February, Palm Hills signed an agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills, Cairo. The project will be located within Palm Hills October’s development P/X, overlooking the Giza Pyramids and near the Grand Egyptian Museum. It will include 150 hotel rooms, 50 serviced apartments, and 150 St. Regis-branded residences.
Regional expansion:
In December, Palm Hills announced it is entering the UAE market with its first major investment: The Saadiyat Shores project in Abu Dhabi, which is expected to cost about USD 5.4 billion in construction costs. The company aims to generate over USD 7 billion in sales from the project, attracting buyers from Europe, the US, Egypt, and Asia, Chairman Yassin Mansour told Reuters.
Stock performance:
Despite its profit rise and new project launches, its share price is down 1% since the start of the year. However, it has gained 17% over the past year.
