Elsewedy Electric, one of Egypt’s leading industrial and energy conglomerates, reported a 7.25% rise in net profits during the first half of 2025, buoyed by a significant surge in revenue that reached nearly EGP 124 billion.
In a disclosure to the Egyptian Stock Exchange on Tuesday, the company confirmed it had achieved net profits of EGP 9.76 billion from January through June 2025, up from EGP 9.1 billion in the same period last year.
Elsewedy Electric’s revenues climbed sharply, reaching EGP 123.8 billion in the first half of the year, compared to EGP 102.62 billion recorded during the same period in 2024.
The company’s standalone financial statements also reflected a dramatic turnaround, shifting from losses of EGP 109.9 million in the first half of 2024 to standalone profits of EGP 2.17 billion in the current reporting period.
In the first quarter alone, Elsewedy had already posted EGP 4.72 billion in net profits, an increase from EGP 4.23 billion in Q1 2024. Revenues for that quarter also rose significantly, reaching EGP 59.39 billion compared to EGP 45.24 billion a year earlier.
The robust performance underscores Elsewedy Electric’s growing influence in the region’s infrastructure and energy sectors, as the company continues to expand its footprint across Africa and the Middle East.
The group has recently attracted attention for its deeper engagements with government entities. The Minister of Petroleum has met with Elsewedy representatives to explore enhanced cooperation in both the energy and mining sectors. Additionally, the Ministry of Industrial Development has approved the allocation of 22.6 acres in Fayoum for the company’s future expansion.
The latest figures position Elsewedy Electric as a key player in Egypt’s industrial growth, reaffirming investor confidence amid a challenging global economic landscape.
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