PRESSR: Orascom Development Egypt has released its consolidated results for the first half of 2025

About this update from Orascom Development Egypt (s.a.e)

ODE continues to demonstrate strong financial performance across all key metrics, with revenues and Adj. EBITDA rose by 13% and 19%, respectively. Meanwhile, net profit saw an impressive increase of 222%, reaching EGP 3.0 billion.Cairo:Key Highlights of 1H 2025 vs. 1H 2024Net real estate sales reached EGP 11.6 billion during 1H 2025.Total revenues increased by 12.9% to EGP 11.5 billion.Revenues from recurring business increased by 44.3% to EGP 4.6 billion compared to 1H 2024.Adj. EBITDA increased by 19.3% to EGP 5.4 billion, with a margin of 47.2%.Net profit reached EGP 3.0 billion, up by 222.1%, a record-breaking achievement.The hotel segment increased by 45.5%, generating revenues of EGP 2.7 billion with Adj. EBITDA margin of 50%.Our cash balance reached EGP 8.1 billion, and our net debt to Adj. EBITDA reached 0.2x.Cash flow from operations increased by 22.6% to reach EGP 4.6 billion.Key Highlights of Q2 2025 vs. Q2 2024Net real estate sales for Q2 2025 increased by 9.2% to EGP 7.5 billion.Total revenues reached EGP 5.1 billion.Adj. EBITDA reached EGP 2.0 billion with a margin of 40.1%Net profit reached EGP 1.1 billion.Financial Review:1H 2025:The 1H of 2025 has been marked by substantial growth for ODE, as evidenced by various performance metrics and operational milestones. These achievements illustrate the strong discipline that guides our team in executing strategic plans, the agility with which we respond to market changes and challenges, and the long-term vision that informs our decision-making processes. Together, these elements contribute to a resilient business structure that can sustain progress and achieve future objectives. Revenue growth: ODE achieved revenue of EGP 11.5 billion, representing a 12.9% increase, demonstrating remarkable resilience in a challenging economic landscape.Recurring income segments (Hotels + Commercial Assets): This contributed EGP 4.6 billion to total revenue, representing an impressive 44.3% increase compared to 1H 2024.Gross profit: Increased by 24.0% to EGP 5.2 billion, boasting a healthy margin of 45.0% vs. 40.9% in 1H 2024. This improved performance underscores our operational excellence, resilience in the face of inflation, and the positive impact of key strategic initiatives.Strong Adj. EBITDA: Adj. EBITDA increased by 19.3% to a record EGP 5.4 billion, with a margin of 47.2%.Other gains and losses: The other...

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