Today: Edita secured more funding to support its expansion plans + we have earnings news from Egypt Aluminium, Kima, Memphis Pharmaceuticals, and Kabo. Let's jump in.

🔔 EGX30 ended +1.1% by market close at 52,312 points, the EGX70 rose 2.0% to 14,303 points, and the EGX100 rose 1.8% to reach 19,943 points.

💸 The number of transactions reached 259,962 spread across 2,296,035,808 stocks leading to a turnover of EGP 10.494 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Subscription Rights Of South Valley Cement  (+57.2%), Subscription Rights Of Alexandria New Medical Center (+27.5%), and South Valley Cement (+19.9%).

📉 Top losers for the market included Northern Upper Egypt Development & Agricultural Production (-4.9%), El Arabia for Land Reclamation (-4.7%), and Misr Oils & Soap (-4.0%).

⬆️ Top gainers for EGX30 included Heliopolis Housing (+10.7%), Palm Hills Developments (+9.2%), and ADIB (+6.9%).

⬇️ Top losers included Juhayna (-2.3%), Valmore Holding -EGP (-1.7%), and Eastern Company (-1.6%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,938 per gram, down 0.3% day-on-day and down 3.9% month-on-month.

💲 The USD reached EGP 53.47 at the National Bank of Egypt.

Edita Food Industries (EFID) secured a seven-year loan worth EGP 500 million to upgrade and expand its production lines, according to a disclosure to the EGX. The facility will partly refinance earlier manufacturing investments while supporting the company’s plans to increase output capacity.

The move comes shortly after another financing agreement, with the company recently obtaining an EGP 600 million loan from Arab Bank Egypt as part of a broader EGP 4 billion investment program. The plan focuses on expanding production across key markets, including Egypt, Morocco, and Iraq.

Market reaction:

EFID shares rose 1.1% by the close of trading yesterday following the announcement. The stock is up 8.3% year-to-date and has gained 119.4% over the past 12 months.

Expansion-driven funding strategy:

The latest financing is part of Edita’s ongoing capacity buildout strategy. In October 2025, the company signed a deal to acquire four production lines for EGP 320 million, expected to raise total capacity by around 15% across core product segments.

Edita also increased capital at its Iraqi subsidiary and expanded distribution of brands including HoHos, Twinkies, and Tiger Tail into more than 45 additional markets across Africa, strengthening its regional footprint.

Strong 2025 performance:

The funding activity follows a strong operational year. Net profit rose 72.6% year-on-year to EGP 2.44 billion in 2025, supported by improved operating leverage, pricing discipline, and a shift toward higher-margin products, according to management. Revenue climbed 29.5% to EGP 20.92 billion.

Outlook:

Management has signaled a positive outlook, citing improving consumption trends and ongoing efficiency initiatives, including the electrification of its distribution fleet.

Egypt Aluminium (EGAL) posted a 6% year-on-year increase in net profit to EGP 10.44 billion in the first nine months of its current fiscal year, covering the period from July 2025 to March 2026, according to an EGX statement. Revenues also rose to EGP 36.73 billion from EGP 32.06 billion in the same period last year.

The company attributed the improvement to a combination of strategic levers, including dynamic pricing, tighter cost control, more efficient raw material sourcing, and a stronger export focus in high-demand markets. It also highlighted increased operational flexibility in navigating global economic and geopolitical volatility while capturing emerging opportunities.

Recent operational moves:

In December, Egypt Aluminium launched trial operations on a USD 17.5 million aluminum wire line in Nag Hammadi, designed to produce 5,000 tons per month of high-quality wire. The project, implemented with Italy’s Properzi, aims to diversify output, increase value-added production, and strengthen the company’s presence in both domestic and international markets.

Expansion and investor interest:

In January, the government said a proposed expansion at state-owned Egypt Aluminium, valued between USD 800 million and USD 1.2 billion, is under study by authorities and aims to increase capacity by 300,000 tons. This followed a report by EnterpriseAM that a transaction valued between USD 300 million and USD 600 million is being evaluated as the government explores bringing in a strategic investor for a 30% stake in the company. The news outlet said at the time that international interest had already emerged, with three foreign investors submitting proposals.

FY2026–2027 outlook:

In April, Egypt Aluminium approved its adjusted budget for FY2026–2027, targeting net profit of EGP 11.16 billion, up from an expected EGP 10.63 billion this year. The company also projects revenues of EGP 48.22 billion and approved an EGP 3.6 billion fully self-financed investment budget. Strategic priorities include aligning production with European requirements to safeguard exports, reducing energy consumption, upgrading technology to enhance competitiveness, and strengthening operational efficiency.

Recent stock performance:

The stock has reacted positively to the broader expansion narrative, with EGAL shares rising 28.7% since the start of 2026, bringing its gains over the past 12 months to 77%.

📉 Egyptian Chemical Industries “Kima” (EGCH) posted a 34.5% year-on-year drop in net profit for the nine-month period from July 2025 to March 2026, recording EGP 531.31 million, according to its latest financial results. Revenue, however, rose to EGP 7.31 billion from EGP 6.39 billion in the same period last year. The decline was driven by higher FX losses, rising production costs, and increased marketing expenses. It’s worth noting that the company has seen a rough start to the year, with its share price down 2.4% since the beginning of 2026. This brings its gains over the past 12 months to 45.3%

💊 Memphis Pharmaceuticals (MPCI) reported a 3.5% year-on-year increase in net profit for the nine-month period from July 2025 to March 2026, reaching EGP 388.75 million, according to its latest financial results. Revenue also climbed to EGP 1.39 billion from EGP 1.09 billion in the same period last year. The company’s share price is up 10.7% since the start of 2026, bringing its gains over the past 12 months to 117%.

🧵 El Nasr Clothes & Textiles (KABO) saw its  net profit for the nine-month period from July 2025 to March 2026 fall 9% year-on-year to EGP 17.24 million, according to its latest financial results. Revenue increased to EGP 285.09 million from EGP 258.71 million over the same period last year. The company’s share price is down 5.6% since the start of 2026, and is almost unchanged compared to levels recorded 12 months ago.

In IPO news:

🔔 EFG Hermes, part of EFG Holding (HRHO) has been appointed sole global coordinator and bookrunner for the upcoming IPO of Misr Life Insurance, according to a statement from the Sovereign Fund of Egypt. The offering will include a 20% stake in the state-owned insurer as part of Egypt’s broader privatization program. The company is currently listed but not yet trading on the EGX.

Today:

Delta for Printing and Packaging - record date for EGP 10 per share. The distribution date is May 7 (it’s worth noting that May 7 will be a public holiday in observance of Labor Day and the distribution date may change).

Tawasoa For Factoring - record date for EGP 0.07 per share. The distribution date is May 10.

May 6:

Misr Fertilizers Production Co - distribution date for EGP 1 per share. The record date was May 3.

Egypt Gas - distribution date for EGP 0.5 per share. The record date was May 3.

💴 Egypt is preparing to issue USD 500 million in Samurai bonds in Japan later this month or by early June, marking its third entry into this market, Asharq reported yesterday. The planned transaction is part of a wider USD 4 billion external financing program and will be Egypt’s first under a sustainable finance framework. Proceeds will support green projects, with partial credit guarantees from the African Development Bank helping lower borrowing costs.

⚡The Egyptian government announced plans to add 4.8 gigawatts of wind energy across multiple Red Sea and Upper Egypt sites, alongside 4 gigawatt-hours of battery storage capacity in key locations. The projects, backed by the Tahya Misr Fund, aim to strengthen grid stability and accelerate the shift toward clean energy. Egypt is targeting 45% of its electricity mix from renewables by 2035.