Palm Hills Development Co.EGX: PHDC

Palm Hills Q1 Profit EGP 1.21 Bln

· Issued by Palm Hills Development Co.

PALM HILLS DEVELOPMENT COMPANY EGX:PHDC:

  • Q1 NET PROFIT AFTER TAX MINORITY INTEREST EGP 1.21 BILLION

  • Q1 REVENUE EGP 9.35 BILLION

  • NEW SALES RECORDED EGP 52 BILLION IN 1Q2026

  • AS OF 1Q, BACKLOG OF UNITS SOLD AND NOT YET DELIVERED REACHED EGP 263 BILLION

  • AS WE MOVE INTO REMAINDER OF YEAR, WE WILL CONTINUE TO BUILD ON THIS TRAJECTORY BY ADVANCING CONSTRUCTION PROGRESS

  • LOOK FORWARD TO LAUNCH OF LONG-AWAITED NORTH COAST PROJECT, HACIENDA RAS EL HEKMA, NEXT MONTH

  • REMAINS FOCUSED ON DELIVERING SUSTAINABLE GROWTH RATHER THAN SHORTSIGHTED PROFITABILITY

  • TRENGTHENING PIPELINE THROUGH STRATEGIC LAND ACQUISITIONS AND PARTNERSHIPS

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