🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

We have a brief issue today focused on the preliminary results of Orascom Construction in 2025

🔔 EGX30 ended +1.59% by market close at 50,490 points, the EGX70 increased 0.59% to 12,931 points, and the EGX100 also rose 0.62%  to reach 17,929 points

💸 The number of transactions reached 145,808 spread across 1,680,502,627 stocks leading to a turnover of EGP 6.9 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers across the broader market Ismailia Misr Poultry (+9.98%), Minapharm Pharmaceuticals (+9.52%), Cleopatra Hospital Company (+9.35%)

📉 Top losers: Egyptian Iron & Steel (-4.74%),Gogreen for Agricultural Investment (-3.32%), Gourmet Egypt (-3.06%.)

⬆️ Top gainers for EGX30 included Orascom Construction (+5.0%), Rameda (+4.4%), and CIB (+2.9%).

⬇️ Top losers included: ADIB (-2.3%), EFG Holding (-1.6%), and Palm Hills Developments (-1.2%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,712 per gram, up 0.22% day-on-day and up 11.37% month-on-month.

💲 The USD reached EGP 46.8 at the National Bank of Egypt.

Orascom Construction (ORAS) delivered a robust earnings performance in 2025, with net profit climbing 65.3% year-on-year to USD 195.0 million, according to its preliminary results.

Revenues rise on solid project execution:

Total revenues increased 55.4% year-on-year to USD 5.1 billion, supported by steady progress across major projects in Egypt, the UAE, Saudi Arabia, and the United States. Operations in the Middle East and Africa contributed 57% of total revenue during the year.

New awards driven by U.S. data centers:

New contract awards surged 86.6% year-on-year to USD 5.6 billion. Projects in the United States accounted for the largest share at USD 3.5 billion, driven primarily by data center developments. In the Middle East and Africa, new awards reached USD 2.1 billion, spanning power, renewable energy, and commercial projects.

Backlog expands, strengthening visibility:

Excluding its 50% share in Belgian firm BESIX, the company’s backlog grew 18.9% year-on-year to USD 9.0 billion, providing solid revenue visibility heading into the coming periods.

Remember, the company reportedly signed an important agreement last month:

In January, the UAE’s Modon reportedly awarded Orascom Construction the development of one of its projects in Ras Al-Hekma on Egypt’s North Coast, with a budget of around EGP 15 billion (USD 316.25 million), two sources told Asharq on condition of anonymity. The project spans 50 feddans and will include residential units, office space, and a 70-room hotel, with Orascom handling all construction and infrastructure.

And the company’s stock has been performing well:

The company’s share value rose 5% on news of its results on Thursday to become the EGX30’s top gainer for the day. This brings its gains since the start of the year to 12%, and its gains over the past year to almost 80%

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.