Today: Egytrans saw 2025 profits fall almost 37% despite revenue growth, Fawry’s MSME arm secured EUR 4.4 million EBRD financing as it expands embedded finance, and Egypt is moving to list Egoth and Misr Travel as part of a broader state IPO push targeting up to 30 companies.

🔔 EGX30 ended +0.6% by market close at 52,719 points, the EGX70 rose 0.4% to 13,942 points, and the EGX100 rose 0.4% to reach 19,516 points.

💸 The number of transactions reached 173,932 spread across 1,822,484,320 stocks leading to a turnover of EGP 8.014 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Subscription Rights Of South Valley Cement (+21.7%), Suez Canal Company For Technology Settling (+14.2%), and Misr Oils & Soap (+11.3%).

📉 Top losers for the market included Alexandria National Company for Financial Investment (-7.6%), Valmore Holding -EGP (-7.0%), and Egyptian Arabian “Themar” Comp. For Securities & Bonds (-6.0%).

⬆️ Top gainers for EGX30 included Emaar Misr (+3.5%), Orascom Construction (+2.7%), and EFG Holding (+2.5%).

⬇️ Top losers included Valmore Holding -EGP (-7.0%), Valmore Holding -USD (-5.4%), and Juhayna (-3.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,990 per gram, down 0.4% day-on-day but up 3.9% month-on-month.

💲 The USD reached EGP 52.5 at the National Bank of Egypt.

Logistics player Egyptian Transport Services Company “Egytrans” (ETRS) reported a 36.6% year-on-year drop in net profit to EGP 129.7 million in 2025, despite revenues climbing to EGP 1.22 billion from EGP 736.0 million, according to its latest financial results. The decline came as cost of sales more than doubled, putting pressure on margins.

Following the news of its results, the company’s board has proposed a cash dividend of EGP 0.35 per share, to be distributed in two tranches — EGP 0.20 in August 2026 and EGP 0.15 in October 2026, pending shareholder approval.

Meanwhile, the company has been expanding its footprint:

Egytrans, which last year merged with National Transport and Overseas Services Company (Nosco) in the Egyptian Exchange’s first-ever reverse merger, alongside Nafith International, in February secured a 25-year concession to modernize truck operations at Ain Sokhna Port, backed by over EGP 1 billion in investments.

The project will introduce digital yard management systems to handle rising volumes and is expected to cut waiting times by over 40%, reduce trucking costs by up to 30%, and boost capacity by as much as 60% within two years.

Stock performance:

The company’s share value dropped 1.4% by market close yesterday following the news of the drop in profitability, making it down 4.5% since the start of the year. However, its share price is still up 22% over the past 12 months.

The European Bank for Reconstruction and Development (EBRD) is providing EUR 4.4 million (EGP 250 million) in financing to Fawry MSME Finance, a wholly owned subsidiary of Fawry for Banking Technology and Electronic Payments (FWRY), to expand access to funding for youth-led MSMEs, according to a company statement.

The facility, part of the EBRD’s “Youth in Business” program, targets underserved and rural entrepreneurs under 35, combining risk-sharing mechanisms and EU-backed incentives to lower borrowing costs, alongside technical support to enhance digital lending capabilities.

Doubling down on embedded finance:

Fawry also recently received approval to launch a microinsurance subsidiary with EGP 60 million capital, in which it will hold a 90% stake, offering low-cost insurance products across health, life, and assets. The move expands its embedded finance model by distributing insurance directly through its platform, tapping into its 24 million-user base.

Comes after great results last year:

The expansions come after the company reported a net profit off EGP 2.89 billion for 2025, up 79.8% year-on-year and setting a new record with the highest margins in the company's history. Revenues surged 57% to EGP 8.65 billion, driven by strong growth across its financial and banking services segments.

Stock performance:

The company, which holds 6.2% of the EGX30 index weight, saw its share value rise 1.7% on news of its financing agreement yesterday. This brings its gains since the start of the year to 25.5%, and its gains over the past 12 months to almost 90%.

Egypt is preparing to list two state-owned tourism companies — Egyptian General Company for Tourism and Hotels (Egoth) and Misr Travel — on the Egyptian Exchange within the next two weeks, ahead of potential stake sales, a government official told Asharq. The move comes as authorities finalize documentation for temporary listings as part of a broader effort to expand the pool of listed state-owned firms and diversify sectors on the exchange.

Earlier EGX approvals add momentum to listings pipeline:

This comes after the EGX approved the temporary listing of six companies with a combined issued capital of around EGP 1.24 billion on Thursday, reinforcing momentum in the IPO pipeline. The approvals include El Nasr Housing and Development (EGP 350 million), The Egyptian Contracting Company “El Abd” (EGP 369.4 million), Spring Manufacturing and Transport Equipment Company “Yayat” (EGP 125 million), Sinai Manganese Company (EGP 300 million), alongside SME listings for National Assets Management and Investment Company (EGP 55 million) and National Investment and Development “Nirco” (EGP 45 million).

State IPO program broadens:

The listings are part of a wider government plan to bring up to 30 state-owned companies to market, including firms across energy, industrial, and infrastructure sectors. A pipeline of oil-related assets — including General Petroleum Company, ENPPI, Petrojet, Petromaint, and the Egyptian Drilling Company — is also under review as authorities work through legal and structural requirements ahead of potential offerings.

Ownership restructuring framework:

All of these moves fall under a broader restructuring effort led by the newly established state ownership unit, aimed at improving governance and returns from state assets. The push comes as Egypt seeks to revive its privatization program, which has raised around USD 5.8 billion since mid-2022, still below its overall targets.

Today:

Saudi Egyptian Investment and Finance - record date for EGP 2 per share. The distribution date is May 3.

April 29:

Cairo Poultry - distribution date for EGP 0.33 per share. The record date was April 26.

Ibnsina Pharma - distribution date for EGP 0.13 per share. The record date was April 26.

GB Corp - distribution date for EGP 0.20 per share. The record date was April 26.

April 30:

Samad Misr - distribution date for EGP 3.83 per share. The record date was April 27.

Telecom Egypt - distribution date for EGP 1.5 per share. The record date was April 27.

Egyptian International Pharmaceuticals - distribution date for EGP 1.5 per share. The record date was April 27.

Egyptian Financial and Industrial - distribution date for EGP 1 per share. The record date was April 27.

Zahraa Maadi Investment and Development - distribution date for EGP 0.10 per share. The record date was April 27.

💰 Egypt’s Finance Ministry is set to more than double capital injections into state entities to EGP 125.3 billion in the next budget, using debt-for-equity swaps to clean up balance sheets and reduce reliance on sovereign-backed borrowing, according to government documents reviewed by EnterpriseAM. The move is part of a broader effort to cut debt-to-GDP to 78% by June 2027 and address IMF concerns over rising public-sector debt exposure.

🛢️ Egypt is moving ahead with plans to build an integrated petroleum logistics hub at Alexandria Port with initial investments exceeding USD 600 million, government officials told Asharq on condition of anonymity. The project, part of a broader strategy to position the country as a regional energy trading hub, will include a 900-meter berth and is currently in the final contracting stage, with financing expected to combine foreign and local sources.