Today: We have the latest financial results from Raya Holding + news that Egypt Aluminum has set an ambitious profitability target for the coming year.

🔔 EGX30 ended -1.6% by market close at 46,774 points, the EGX70 rose 1.8% to 12,461 points, and the EGX100 also rose 1.4% to reach 17,497 points

💸 The number of transactions reached 154,978 spread across 1,211,577,341 stocks leading to a turnover of EGP 8.5 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers across the broader market Alexandria Mineral Oils Company (+15.8%), Alexandria Containers and goods (+14.0%), and Egypt Aluminum (+13.2%).

📉 Top losers: Palm Hills Developments (-5.3%), Edita (-5.2%), and GB Corp (-4.9%).

⬆️ Top gainers for EGX30 included Alexandria Mineral Oils Company (+15.8%), Egypt Aluminum (+13.2%), and Abu Qir Fertilizers (+11.6%).

⬇️ Top losers for EGX30 included Palm Hills Developments (-5.3%), Edita (-5.2%), and GB Corp (-4.9%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,516 per gram, down 0.9% day-on-day and up 11% month-on-month.

💲 The USD reached EGP 52.11  at the National Bank of Egypt.

Raya Holding (RAYA) reported a net profit of EGP 2.6 billion for 2025, up 53% year-on-year, according to its latest earnings release. Total consolidated revenue reached EGP 63.8 billion, marking a 41% increase compared with the previous year. Growth was driven by solid performance across the Group's portfolio companies and an expanding regional footprint

. Segment performance highlights:

Remember, the company has been expanding regionally:

Raya Holding continues to expand its footprint in Saudi Arabia, where five of its portfolio companies are now operating, including long-standing businesses such as RIT and Raya Customer Experience. The group has also deepened its presence through strategic partnerships, with Aman Holding collaborating with Jarir and Almanea, while Raya Auto joined forces with Alturki Holding to provide mobility solutions.

Meanwhile, Raya Smart Buildings has launched the Edge Innovation Center in Riyadh, aimed at delivering integrated business services in the Kingdom.

In other news from the company:

The company’s board approved the establishment of two new subsidiaries. The first — Raya Workplace Management — will operate in the co-working and shared office space management sector, and the second will focus on consumer finance.

Stock performance:

The company has seen massive momentum since the start of the year, with its share price rising 55% since the beginning of 2026. This brings its gains over the past 12 months to 125.6%.

Egypt Aluminum (EGAL) has approved its 2026-2027 budget, aiming to boost profits and sales while investing in production capacity. The company targets a net profit of around EGP 12 billion, up from an expected EGP 10.49 billion for the current fiscal year, according to a disclosure to the EGX  on Sunday.

Total sales are projected at EGP 48.21 billion, compared with EGP 46.34 billion expected this year, reflecting the company’s push to expand its business and increase demand for its products both locally and internationally.

Investment plan to strengthen operations:

The board approved an investment budget of EGP 3.6 billion for the upcoming year, focused on upgrading production lines, improving operational efficiency, and enhancing competitiveness in the aluminum market.

Remember, a strategic partnership is under consideration:

The government is exploring bringing a strategic investor into Egypt Aluminum, with a potential transaction valued between USD 300 million and USD 600 million, a government official told EnterpriseAM in January. The plan involves a capital increase, giving the investor a 30% stake, with funds dedicated exclusively to company expansion.

Global interest:

International appetite is already evident, with three foreign firms—including investors from the UAE and wider Gulf region—submitting proposals. The government aims to select a preferred investor very soon, emphasizing growth rather than privatization.

Any incoming partner would be required to implement a comprehensive expansion program, including doubling Egypt Aluminum’s annual output to around 600 thousand tons and adding new downstream lines, such as aluminum foil, alumina processing, and automotive components. This aligns with the company’s strategy to strengthen capacity and expand its presence in domestic and international markets.

This comes after a challenging first half for the company:

Egypt Aluminum reported a 25% year-on-year decline in profit for the first half of the current fiscal year. The company recorded a net profit of EGP 5.538 billion from July to December 2025, compared with EGP 7.354 billion during the same period of the previous fiscal year.

Revenues rose to EGP 24.2 billion in the first six months of the current fiscal year, up from EGP 21.5 billion in the comparable period last year.

The company attributed the drop in profits to higher production costs due to development, replacement, and renewal works aimed at strengthening assets and maintaining production capacity, in addition to increases in electricity supply costs and the prices of key raw and auxiliary materials

Stock performance:

The company’s share value rose over 13% by market close yesterday following the news of its ambitious profitability targets. This brings its gains since the start of the year to 28.6%, and its gains over the past 12 months to over 88%.

🔔 The government plans to list 20 state-owned companies on the Egyptian Exchange within two weeks as part of efforts to restructure public-sector firms and push ahead with its IPO program, Hashem El-Sayed, CEO of the State Ownership Unit, told Asharq. He said the companies include five subsidiaries of the Chemical Industries Holding Company and five from the Metallurgical Industries Holding Company, with the rest coming from other state-owned groups. The move follows the government’s decision to abolish the Ministry of Public Business Sector as part of broader reforms to reshape the state’s role in the economy.

💰 The government will channel the full USD 3.5 billion from the Alam El Roum development to close the financing gap and support the state treasury’s foreign currency needs, a senior official told EnterpriseAM. The official also told the news outlet that the  government is also planning smaller international bond issuances this year to manage high borrowing costs and market volatility while relying more on concessional loans to reduce pressure on FX reserves.