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

Today: The latest EGX financial reports reveal a mixed bag, featuring record-breaking net profits for E-finance and TAQA Arabia, a triple-digit profit surge for A Capital Holding, and steady growth for IFAP, contrasting with a 32% bottom-line drop for CI Capital.

Market overview

EGX Pulse

🔔 EGX30 ended -0.6% by market close at 46,452 points, the EGX70 rose 1.02% to 12,092 points, and the EGX100 also rose 0.17%  to reach 16,940 points

💸 The number of transactions reached 177,638 spread across 1,242,337,681 stocks leading to a turnover of EGP 8.1 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers across the broader market Egypt Aluminum (+7.6%), Alexandria Pharmaceuticals (+6.9%), and Cairo Poultry (+6.8%).

📉 Top losers: U Consumer Finance (-6.4%), Rakta Paper Manufacturing (-6.0%), Kima (-4.9%.)

⬆️ Top gainers for EGX30 included Egypt Aluminum (+7.6%), Qalaa Holdings (+4.0%), and Fawry (+2.0%).

⬇️ Top losers for EGX30 included Kima (-4.9%), Eastern Company (-3.7%), and GB Corp (-3.5%).

Other Important Stats

🧈 24K Gold reached EGP 8,337 per gram, up 0.7% day-on-day and up 6.8% month-on-month.

💲 The USD reached EGP 50.14 at the National Bank of Egypt.

Daily Roundup

Corporate Corner

⬆️ E-finance (EFIH) reported a 35.4% year-on-year increase in net profit, reaching EGP 2.41 billion in 2025. This robust growth was driven by a 30% surge in total consolidated revenues to EGP 6.77 billion. (Read more in our Deeper Look section.)

📉 CI Capital (CICH) reported a 32% year-on-year drop in 2025 net profit to EGP 1.51 billion, despite revenues rising slightly to EGP 10.23 billion, according to its latest financial statement.. The board proposed a cash dividend of EGP 0.57 per share, pending shareholder approval. It’s worth noting that the company’s share price is up 13% since the beginning of 2026, bringing its gains over the past 12 months to 66%.

 🚀 TAQA Arabia (TAQA) delivered a record 2025 net profit of EGP 1.05 billion, up 50% year on year, marking its first time surpassing the EGP 1 billion mark, according to its latest financial statement.. Revenues jumped 35% to EGP 25.6 billion, supported by growth across oil, gas, electricity, and water segments. The company’s share price is down 8.9% since the start of the year, but is up 6.7% over the past 12 months. 

 📊 A Capital Holding (ACAP) posted a 342% surge in 2025 net profit to EGP 717.93 million, according to its latest financial statement. Consolidated revenues climbed to EGP 3.15 billion from EGP 1.15 billion. The company’s share value is down 10.9% since the beginning of 2026, but its overall gains over the past 12 months reached 191%.

🌾 International Agricultural Products Company (IFAP) recorded a 23% year-on-year increase in consolidated net profit to EGP 359.88 million in the first half of fiscal year 2025–2026, its latest financial results showed. Revenues rose to EGP 1.39 billion from EGP 1.06 billion, reflecting stronger sales performance. The company’s share price is down 3.5% since the start of the year, but is up 169% over the past 12 months.

Macro view

Egypt in focus

💰 Egypt’s  foreign currency reserves reached a record USD 52.745 billion at the end of February 2026, up from USD 52.594 billion in January 2026, according to Central Bank data. This uptick serves as a positive economic indicator, helping to bolster international confidence and improve the likelihood of future credit rating upgrades.

🔔 The government is reportedly  moving ahead with its IPO program despite regional tensions, planning to list 20 state-owned companies this year and targeting USD 6 billion in proceeds, a senior official told EnterpriseAM. Thirteen firms across pharma, logistics, industry, and finance will file for temporary listings this month, including Banque du Caire, while Misr Life Insurance and other companies prepare for partial stake sales.

Deeper Look

E-finance’s net profit climbs 35% in 2025 to a new record

Investment management firm E-finance (EFIH) reported an attributable net profit (after NCI) of EGP 2.4 billion for 2025, up 35.4% year-on-year and setting a new record for the company, according to its latest financial results. The increase in profit was driven largely by strong, broad-based revenue growth across the Group's subsidiaries and supported by a 63.7% y-o-y increase in investment income.

Revenue climbed 30% in 2025:

Total consolidated revenue reached EGP 6.77 billion, marking a 30% increase compared with the same period last year. Growth was led primarily by “outstanding performance” of its flagship Transaction and Cloud segments.

Details for the fourth quarter:

For the fourth quarter of 2025, total consolidated revenue rose to EGP 1.8 billion, up 2.3% year-on-year from EGP 1.76 billion in 4Q 2024. Net profit after NCI reached EGP 575.7 million, up 50.5% versus the same quarter last year.

Segment performance highlights:

  • Transaction (e-finance Digital Operations): brought in EGP 2.3 billion in revenues (+33.1% YoY), supported by a 45.2% increase in variable-fee transaction revenue as the total throughput value of variable-fee transactions rose 30.5% YoY.

  • Cloud Hosting (e-finance Digital Operations): EGP 2.38 billion (+51.0% YoY), surging after the subsidiary secured several large contracts at the close of 2024 and broadened its service offering for existing clients.

  • eAswaaq: EGP 487.2 million (+6.9% YoY), driven by strong revenue growth across its digital platforms and applications, alongside an increase in loan origination and e-Lending.

  • eNovate: EGP 420.2 million (+15.4% YoY), propelled by a 19.8% YoY increase in card management revenue following recent service repricing.

  • Build & Operate: EGP 1.16  billion (-4.9% YoY), contracting as a result of a 24.1% drop in supply revenue compared to the previous year.

Going forward:

Management highlighted its focus on deepening its footprint in the Egyptian economy while assessing international growth opportunities. The company aims to expand its capacity to meet rising demand for government cloud solutions and diversify into cloud services for other regulated industries, management said. It also noted that it will continue evaluating high-impact investment opportunities, particularly within the financial services and cloud computing sectors where digital transformation offers the highest potential for value creation.

Stock performance:

The company, which holds 4.64% of the EGX30 weight, has seen its share value rise 3.8% since the beginning of 2026, bringing its gains over the past 12 months to 73.1%.

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