Today: We have the latest financial results of Rameda, which reported a 20% earnings increase Q1. We also have updates from Housing and Development Bank, Export Development Bank of Egypt, and other players + expansion news from Egypt Aluminum and Heliopolis Housing. Let’s jump in.

🔔 EGX30 ended +1.5% by market close at 52,774 points, the EGX70 rose 0.7% to 14,771 points, and the EGX100 rose 0.7% to reach 20,579 points.

💸 The number of transactions reached 179,187 spread across 2,105,371,978 stocks leading to a turnover of EGP 9.504 billion.

🏷️ Regional investors were the only net sellers. 

📈 Top gainers for the market as a whole included Creast Mark For Contracting And Real Estate Development (+12.2%), Egyptian for Tourism Resorts (+10.8%), Mena Touristic & Real Estate Investment. (+9.5%).

📉 Top losers for the market included North Cairo Mills (-10.3%), Rubex International for Plastic and Acrylic Manufacturing (-4.0%), and M.B Engineering (-3.2%).

⬆️ Top gainers for EGX30 included TMG Holding (+5.3%), Orascom Development (+3.9%), and Telecom Egypt (+2.6%).

⬇️ Top losers included AMOC (-1.9%), GB Corp (-1.3%), and Abu Qir Fertilizers (-1.1%).

Other Important Stats: 

🧈 24K Gold reached EGP  7,798 per gram, down 0.4% day-on-day and down 1.8% month-on-month.

💲 The USD reached EGP 53.07 at the National Bank of Egypt.

Pharmaceuticals producer Rameda (RMDA) reported a reported net income of EGP 103 million for Q1 2026, up 20% year-on-year, supported by strong operating performance and stable finance costs, which were partially offset by share-based payment expenses of EGP 16 million recognized during the period, according to its latest earnings release.

Revenue drivers: 

Total revenue for Q1 reached EGP 1.07 billion, marking a 23% increase from the previous year. Growth was driven by broad-based growth across all sales channels, with total units sold (excluding toll manufacturing) increasing 7% YoY to 18.2 million units.

Private sales led the performance with a 19% increase to EGP 762 million, supported by a favorable product mix and strong contributions from key brands alongside recent launches. Tender sales also rose 24% to EGP 145 million, reflecting continued procurement activity by the Unified Procurement Authority.

Export performance:

Export revenues for Q1 totaled EGP 78 million, a 40% increase year-on-year. This growth was supported by a 71% YoY increase in volumes and the continued recovery of Iraq, the company’s main export market, which contributed EGP 23 million. Other top-contributing markets included Libya, which accounted for EGP 22 million (up 182% YoY), Sudan, and Yemen at EGP 7 million (up 43% YoY), alongside new market entries in Afghanistan and Somalia.

Going forward:

"Looking ahead, we remain confident in our ability to deliver sustained operational momentum throughout 2026, supported by continued working capital efficiency, an active pipeline of organic growth initiatives, and disciplined pursuit of value-accretive acquisitions," the company’s CFO and COO Mahmoud Fayek said.

Recent stock performance:

The company has seen a strong start to the year, with its share price rising 54% since the beginning of 2026. This makes its share value up 47.4% compared to levels recorded 12 months ago.

🏦 Housing and Development Bank (HDBK) posted Q1 consolidated net profit of EGP 5.62 billion, up 13.3% YoY, according to its latest financial results. Interest revenues climbed to EGP 10.83 billion compared with EGP 9.9 billion a year earlier. The company’s share price is up 59.4% since the beginning of 2026. Compared to levels recorded a year ago, it is up 151.8%.

💰 Export Development Bank of Egypt (EXPA) more than doubled its Q1 earnings after consolidated net profit surged 111% YoY to EGP 2.86 billion, according to its latest financial statement. Net interest income reached EGP 2.7 billion up from EGP 2.3 billion compared to levels recorded a year earlier. The company’s share price is up 22.7% since the beginning of 2026. Compared to levels recorded a year ago, it is up 41.2%.

🎬 Egyptian Media Production City (MPRC) more than doubled its Q1 earnings after consolidated net profit surged 112% YoY to EGP 389.7 million, according to its latest financial statements. Revenues also climbed 21% to EGP 388.4 million. The company’s share price is up 12.3% since the beginning of 2026. Compared to levels recorded a year ago, it is up 54.5%.

In non-earnings news:

🔩 Egyptalum (EGAL) selected a German offer to develop Egypt’s first aluminum foil production plant with initial investments estimated at USD 90 million, potentially rising to USD 135 million in later expansion phases. The company expects to finalize contracts by June, while targeting annual first-phase production capacity of 25 thousand tons as it ramps up export-focused expansion plans.

🏗️ Heliopolis Housing (HELI) secured a EGP 1.5 billion short-term credit facility from Banque du Caire to support expansion projects and strengthen liquidity management, according to a statement. The financing is backed by expected cash flows from partnership agreements with real estate developers and is scheduled to be settled before the end of the current fiscal year.

Today:

Oriental Weavers - distribution date for EGP 0.5 per share. The record date was May 17.

Heliopolis Company for Housing - distribution date for EGP 0.223 per share. The record date was May 17.

Eastern Company - record date for EGP 1 per share. The distribution date is May 25.

Tomorrow:

Utopia - distribution date for EGP 2 per share. The record date was May 18.

Talaat Moustafa Group - distribution date for EGP 0.15 per share. The record date was May 18.