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

Today: We have the latest on the financial results of the Export Development Bank of Egypt and Bonyan in 2025.

Market overview

EGX Pulse

🔔 EGX30 ended -0.94% by market close at 50,390 points, the EGX70 dropped 0.87% to 12,582 points, and the EGX100 also decreased 0.68%  to reach 17,695 points

💸 The number of transactions reached 138,691 spread across 1,362,812,467 stocks leading to a turnover of EGP 5.9 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers across the broader market Sharm Dreams Co. for Tourism Investment (+8.2%), MM Group For Industry And International Trade (+6.6%), and Grand Investment Capital (+6.3%).

📉 Top losers: Digitize for Investment And Technology (-4.8%), Atlas For Investment and Food Industries (-4.3%), South Valley Cement (-4.2%.)

⬆️ Top gainers for EGX30 included Rameda (+5.7%), Heliopolis Housing (+3.5%), and Misr Cement (+3.0%).

Top losers for EGX30 included Edita (-3.5%), E-finance (-3.3%), and Juhayna (-2.5%).

Other Important Stats

🧈 24K Gold reached EGP 7,932 per gram, down 2.84% day-on-day and up 3.68% month-on-month.

💲 The USD reached EGP 47.85 at the National Bank of Egypt.

Corporate Corner

Export Development Bank of Egypt posts 16% profit growth in 2025

The Export Development Bank of Egypt (EXPA) reported net profits of EGP 6.05 billion for 2025, up from EGP 5.21 billion in 2024, marking a 16.12% year-on-year increase, according to its latest financial statement.

Revenue growth

Loan yields and similar income rose sharply, reaching EGP 29.14 billion in 2025 compared with EGP 24.91 billion in 2024, marking a 17% increase.

Net interest income

Net income from interest climbed to around EGP 9.91 billion, up from EGP 8.68 billion the previous year, a 14.1% rise

Recent stock performance

Despite the rise in profit, the company’s share value dropped 2.4% following the news of its financial results. However, its shares are up 4.5% since the beginning of 2026, bringing its gains over the past 12 months to 233%.

Corporate Corner

Bonyan profit declines 25% in 2025

Bonyan’s earnings weakened in 2025, with net profit falling 25% year on year to roughly EGP 2 billion, according to its latest results.

Revenue edged lower, slipping 5.3% year on year to EGP 856.3 million.

Gross asset value — a key gauge of performance for real estate investment firms — increased 9.4% year on year to EGP 17.5 billion.

Quarterly results

Net profit in 4Q 2025 dropped 77.7% year on year to EGP 196.2 million, while revenue rose 9.4% to EGP 258.2 million.

Market reaction

The company’s share value rose 2.14% following the news of its financial results. However, it is down 0.5% since the beginning of 2026, and is down 23.6% since the time of its listing on the EGX in July of last year.

Portfolio activity in 2026

Last week, Bonyan secured a five-year lease for its 4,297 sqm Building 106B in Nasr City with Kortech, a subsidiary of Hassan Allam Holding. The lease begins in May following the expiration of B.TECH’s tenancy. The agreement forms part of Bonyan’s broader plan to reprice 15,176 sqm of EGP-denominated leases scheduled for renewal in 2026 — representing about 42% of its EGP office rental income. The signing comes shortly after a six-year USD 17 million lease agreement with Nestlé earlier this month.

Macro View

Egypt in Focus

💰 The Finance Ministry plans to issue its retail-focused Citizen Bond monthly with variable, market-linked yields, May Adel, the Finance Minister’s Advisor for Debt, told EnterpriseAM. The bond follows a strong debut that raised over EGP 350 million in just two days, a government source added. Adel also confirmed that the bond is fully tax-exempt, aiming to encourage investment among small savers across different governorates.

🛢️ Italy’s ENI plans to boost gas output from the second phase of its onshore Malihah concession in Egypt’s Western Desert to 80 million cubic feet per day starting in June, a government official told Asharq. The expansion, supported by a new 100 million cubic feet per day processing plant, aims to help close the gap between current production of 4.1 billion cubic feet per day and domestic demand of around 6.2 billion, which rises to 7.2 billion in summer. Drilling four new wells for the phase is expected to cost about USD 60 million.

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