Madinet Masr Capitalizes on Market Growth with Outstanding H1 2025 Performance
Madinet Masr, a leading real estate developer in Egypt, announced its consolidated
financial results for the first half (H1) of 2025, ending on 30 June The Company
achieved record-breaking contracted sales of EGP 21.3 billion, alongside revenues
of EGP 4.8 billion and a net profit of EGP 1.3 billion, demonstrating continued growth
across its operations and project portfolio
Key Financial and Operational Highlights – H1 and Q2 2025
Contracted Sales Growth
Madinet Masr reported EGP 21.3 billion in gross contracted sales during
H1 2025, a 1.1% increase year-on-year. Notably, Q2 2025 contributed EGP 10.0 billion
marking a 65% surge compared to the same period in 2024. This growth reflects robust
demand for the company’s newly launched projects
Strong Delivery Performance
The Company delivered 521 residential units in H1 2025, representing an 86.1% increase
year-on-year In Q2 alone, 288 units were delivered, a 105.7% increase compared to Q2 2024
Revenue Expansion
Madinet Masr generated EGP 4.8 billion in total revenue during H1 2025, reflecting
a 7% year-on-year growth Q2 revenue came in at EGP 2.2 billion, a significant 59.1%
year-on-year increase, driven by successful project execution and high sales volumes
EBITDA and Profitability
H1 2025 EBITDA reached EGP 1.7 billion, with an EBITDA margin of 35.7%Despite
a normalization compared to the previous year, Q2 2025 EBITDA grew
77.6% YoY to EGP 666.4 million, with margin improvement to 29.9%
Net profit for H1 2025 stood at EGP 1.3 billion, while Q2 saw a 76.2% year-on
year increase, reaching EGP 488.4 million, highlighting a rebound in profitability
Balance Sheet and Cash Flow Highlights
Healthy Cash Position
As of 30 June 2025, Madinet Masr held EGP 4.6 billion in cash and equivalents,
with total debt of EGP 4.2 billion, resulting in a net cash position of EGP 352.9 million
The net debt-to-EBITDA ratio improved to (0.21), reflecting strong financial flexibility
Receivables Growth
Net notes receivable rose to EGP 4.0 billion, up from EGP 2.4 billion at the end of 2024
Total receivables, including post-dated checks for undelivered units, reached EGP 67.4 billion
Cash Collections
The Company recorded EGP 7.1 billion in cash collections in H1 2025, up 18.2% YoY
supported by consistent collection efficiency and high sales. Q2 2025 collections were
EGP 3.7 billion, a 38.6% increase year-on-year
Capital Investments and Construction Progress
Madinet Masr invested EGP 2.9 billion in CAPEX during H1 2025, up 55.7% from
H1 2024, reflecting its strategic focus on timely project execution. In Q2 2025, CAPEX
totaled EGP 1.3 billion, representing a 70.9% year-on-year increase
CEO Statement – Strategic Growth and Market Resilience
Abdallah Sallam, CEO and Managing Director of Madinet Masr, commented
“Our strong financial and operational results in the first half of 2025 are a testament to the
resilience of our business model and the strength of our strategic direction. We successfully
navigated evolving market conditions by leveraging innovation, strategic expansions, and our
diversified real estate offerings. The continued demand across our projects reinforces our
leadership in the Egyptian real estate market He adde
“We are proud of the successful launches in Q2 2025, which resulted in EGP 10.0 billion
in contracted sales. With revenues and net profit growing over 59% and 76% respectively
during the quarter, we continue to enhance value for our stakeholders through execution
excellence and a forward-thinking customer-centric approach
Subsidiary Contributions and Regional Expansion
Al Nasr for Civil Works played a key role in fast-tracking construction, especially
in Taj City and Sarai, supported by strategic partnerships with top-tier contractors
Egy Can and Minka drove product innovation and project diversification, with Minka
co-launching the Shark Tank Business Park in partnership with Sony Pictures
Entertainment and IMP
In a milestone regional move, Madinet Masr launched a new subsidiary, Cities of the
World, in Dubai, marking the company’s official entry into regional markets
Additionally, the company signed an MoU with Waheej Real Estate in Riyadh, paving
the way for future joint development projects in Saudi Arabia
Outlook for 2025 and Beyond
Madinet Masr remains committed to its strategic goals of expanding its development
pipeline, accelerating construction progress, and investing in digital and innovative
real estate solutions. With a solid financial foundation and a growing pipeline of high
demand projects, the Company is well-positioned to sustain growth and deliver long-term
value for shareholders and customers
