Today: GB Corp and Oriental Weavers report 2025 profit dips despite strong revenue growth, Heliopolis Housing posts a solid 6% profit increase, and MB Engineering announces a massive EGP 500 million EV equipment factory.

🔔 EGX30 ended -2.50% by market close at 47,984 points, the EGX70 dropped 3.15% to 11,908 points, and the EGX100 also dropped 2.92%  to reach 16,837 points

💸 The number of transactions reached 161,129 spread across 1,187,793,950 stocks leading to a turnover of EGP 5.3 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers across the broader market Alexandria Containers and goods (+2.8%), Sharm Dreams Co. for Tourism Investment (+2.0%), and Heliopolis Housing (+1.5%).

📉 Top losers: Egyptians Real Estate Fund Certificates (-10.3%), Misr Oils & Soap (-7.7%), North Cairo Mills (-7.3%.)

⬆️ The only gainer in the EGX30 was Heliopolis Housing, and it grew 1.5%.

Top losers for EGX30 included E-finance (-5.4%), Kima (-5.1%), and Ibnsina Pharma (-4.9%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,661 per gram, down 0.65% day-on-day but up 13.2% month-on-month.

💲 The USD reached EGP 48.7 at the National Bank of Egypt.

🚗 GB Corp (GBCO) saw its net profit drop 1.6% to EGP 2.88 billion in 2025 due to higher finance costs, even as strong automotive demand and financing growth drove a 48.7% surge in total revenues to EGP 80.23 billion. (Read more in our Deeper Look section.)

🏘️ Heliopolis Housing (HELI) saw its net profit rise by 6% in 2025, recording EGP 2.71 billion, according to its financial results. This growth was heavily supported by a massive jump in operating revenues, which nearly tripled to hit EGP 3.13 billion for the year. It’s worth noting that the company’s share price is up 43.6% over the past 12 months.

🧶 Oriental Weavers (ORWE) reported an 11% year-on-year drop in net profit for 2025, landing at EGP 2.26 billion, according to its latest financial results. Despite the profit decline, the company's annual sales successfully grew to EGP 26.62 billion from EGP 24.28 billion. The company’s share value is down 10.6% over the past 12 months.

In non-earnings news: 

🏭 MB Engineering (MBEG) officially launched a new factory in Sadat City with investments exceeding EGP 500 million. The facility, which will produce electrical panels and charging equipment for electric cars, is set to begin production in the first quarter of 2027 to serve both local and export markets. It’s worth noting that the company’s share price has been seeing strong momentum, rising 94% over the past 12 months.

GB Corp (GBCO) reported net profit of EGP 2.88 billion for 2025, down approximately 1.6% year‑on‑year, according to its latest financial results. The slight decrease was driven by higher finance costs and provisions, which offset a healthy recovery in Egypt’s automotive market, strong contributions from GB Auto, and continued growth across GB Capital’s financing platforms.

Revenue climbs 48.7 % in FY25 on multiple drivers:

Total consolidated revenue reached EGP 80.23 billion, marking a 48.7 % increase compared with the same period last year. Growth was led by the Auto segment and GB Capital, with broad-based performance across passenger cars, commercial vehicles, construction equipment, two-, three-, and four-wheelers, as well as financing services.

4Q 2025 snapshot:

For the fourth quarter of 2025, revenue rose to EGP 22.70 billion, up 22.3 % year‑on‑year from EGP 18.57 billion in 4Q 2024. Net profit reached EGP 457.0 million, down 59.7 % versus the same quarter last year, moderated by lower investment income from associates as well as higher provisions. Sequentially, revenue increased 4.7 % from 3Q 2025, reflecting continued local demand recovery despite ongoing regional pressures.

Segment performance highlights:

Passenger cars: brought in EGP 52.83 billion in revenues (+44.6 % YoY), supported by a 34.5% rise in volumes amid strong demand recovery in Egypt and new product launches.

Commercial vehicles & construction equipment: EGP 5.96 billion (+49.5 % YoY), driven by strong demand for buses and trucks and rising export activity.

Two-, three-, and four-wheelers: EGP 2.20 billion (+59.9 % YoY), reflecting robust two-wheeler demand and gradual traction in the four-wheeler category.

GB Capital: contributed EGP 14.74 billion (+99.7 % YoY), with sustained portfolio expansion across lending and alternative financing platforms, and diversified funding channels.

Remember, the company has been making moves:

During FY25, GB Corp entered the soft launch phase of its Sadat CKD facility, marking a major milestone in its localization strategy. The company expanded its new energy vehicle space through the introduction of Deepal and Li Auto, and expanded in the premium segment with Genesis. The company also continued a strong export push with approximately 50 % of tourism bus production sold internationally. GB Capital advanced its operations, with GB Lease finalizing a landmark 10th securitization issuance for EGP 4.2 billion, and Drive Finance securing a 25% market share in the auto loan market during the year.

Going forward:

Management highlighted expectations for momentum to continue, supported by stabilizing FX in Egypt, easing inflation, declining interest rates, and improving purchasing power. The company aims to capitalize on the Sadat facility coming online, its expanding product portfolio across conventional and new energy segments, and GB Capital's position to benefit from the easing cycle. The company also anticipates a more meaningful easing of regional pressures in Iraq and Jordan in the second half of 2026, subject to the implementation of GSO certification standards.

In other news from the company: 

GB Corp’s board proposed an EGP 0.35 per share dividend for 2025 (totaling EGP 379.92 million). The payout will be made in two installments: EGP 0.20 on 28 April 2026 and  EGP 0.15 on 28 July 2026.

Market reaction:

The company’s share value dropped 2.6% by market close yesterday following the news of its profit drop. However, over the past 12 months its share price has risen 63.5%