Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

Today: CIRA Education’s full year profit jumps 385% to EGP 295.7 mn; U Consumer Finance’s 9M 2025 profit rises 139% to EGP 541.44 mn; and Amer Group’s 9M 2025 profit soars 1052% to EGP 179.55 mn.

🔔 EGX30 ended -0.35% by market close at 41,065 points, the EGX70 rose 0.33% to 12,236 points, and the EGX100 also grew 0.23% to reach 16,305 points.

💸 The number of transactions reached 166,179 spread across 2,355,659,196 stocks leading to a turnover of EGP 7.1billion.

🏷️ Regional investors were the only net seller.

📈 Top gainers for the market as a whole included El Arabia for Land Reclamation (+19.97%), General Company For Land Reclamation,Development & Reconstruction (+16.24%), and Wadi Kom Ombo Land Reclamation (+14.90%).

📉 Top losers for the market included Egypt Aluminum (-5.41%), Egyptian Real Estate Group (-5.41%), and Qatar National Bank (-5.09%).

⬆️ Top gainers for EGX30 included ADIB (+3.5%), Rameda (+3.1%), and Misr Cement (+2.8%).

⬇️ Top losers included Egypt Aluminum (-5.41%), Beltone Holding (-2.7%), and Telecom Egypt (-2.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,136 per gram, down 0.72% day-on-day and down 7.26% month-on-month.

💲 The USD reached EGP 47.02 at the National Bank of Egypt.

💰 CIRA Education’s normalized net income jumped 385% year-on-year to EGP 295.7 million in FY2024/25, supported by a 41% rise in revenue driven by higher student enrollment. The company expanded its higher education, K–12, and nursery segments while planning new campuses and partnerships, positioning itself for continued growth in the coming years.  (Read more in our Deeper Look section.)

💸 U Consumer Finance (VALU) reported a 139% jump in net profit for the first nine months of 2025, reaching EGP 541.44 million compared with EGP 226.56 million a year earlier. The company’s activity revenues rose to EGP 2.36 billion, while securitization profits and surpluses surged to EGP 1.51 billion during the same period. The company’s shares rose 1.88% on news of its earnings results yesterday. 

🏘️ Real estate developer Amer Group (AMER) saw its net profit for the first nine months of 2025 jump 1052% year-on-year to EGP 179.55 million driven by a 39.5% rise in revenues to 1.25 billion. The company yesterday also announced that it acquired a 27-feddan land plot in El Minya to expand its Porto Minya project with around 850 residential units. Its share value has risen 63% since the start of the year.

💊 Pharmaceuticals company Macro Group (MCRO) begins its rights issue today, offering 2.85 billion new shares at 0.20 EGP each, raising capital from 114 million to 684 million EGP. The company returned to profitability in the first nine months of 2025 with a net profit of EGP 103.93 million, compared to a loss of EGP 66.1 million  in the same period of 2024, and its share value has risen 79.44% since the start of the year.

🏛️Abu Dhabi Islamic Bank Egypt (ADIB) is launching its rights issue tomorrow, allowing eligible shareholders to buy new shares at a discounted subscription price of EGP 10.10, with the trading of rights starting at EGP 14.72. The capital increase will raise the bank’s equity from EGP 12 billion to EGP 15 billion through 300 million new shares. Shareholders can either subscribe to the new shares or sell their rights on the market, while the stock price will adjust once the new shares are issued. The bank’s share value is up 52.98% since the beginning of the year.

✅ Qalaa Holding (CCAP) subsidiary ASEC Cement won an international arbitration case against Algerian firm Zahna Cement, securing USD 63 million in compensation and expenses, with the ruling now confirmed by French courts. The company emphasized that this case is separate from its larger USD 900 million arbitration claim against the Algerian government over its cement projects in Djelfa and Zahana. Qalaa’s share value is up 23.11% since the start of 2025.

🐮 Domty’s (DOMT) board announced plans to propose a demerger at an upcoming extraordinary general meeting, aiming to split the company into two separate entities based on its book value at the end of last year, according to an EGX disclosure. Following the demerger, Domty will continue as a company with a capital of EGP 113 million, while a new entity, Dairy Products Euro Arabian for Food Industries, will be established with an issued and paid-in capital of EGP 438 million. The company’s share value is down over 14% since the start of the year.

📈 Egypt’s remittances rose 30.9% year-on-year to USD 3.6 billion in September, marking 19 consecutive months of growth since the EGP float, according to data from the Central Bank of Egypt. For the first nine months of 2025, inflows surged 45.1% to a record USD 30.2 billion, with the government targeting USD 53 billion by 2030 to support foreign currency reserves and economic resilience.

💵 Egypt’s second local sovereign sukuk issuance was met with strong investor demand, attracting an 11x oversubscribed order book of EGP 33 billion, according to official auction data seen by EnterpriseAM. The three-year, EGP 3 billion ijara sukuk saw yields of 21.2%, slightly below the first tranche, and drew participation from four Gulf banks, reflecting growing regional interest in sharia-compliant debt. Government sources told the news outlet that the Finance Ministry plans three more sukuk issuances in December totaling EGP 14 billion, moving toward weekly offerings later this fiscal year.

🌊 The New Urban Communities Authority has collected EGP 13 billion in fees from real estate developers for North Coast projects, a government official told Asharq Business. Local developers paid EGP 1,000 per square meter for tourism land, while foreign developers face a USD 20 per square meter fee and are negotiating to settle in Egyptian pounds.

CIRA Education’s normalized net income soared 385% year-on-year to EGP 295.7 million for the fiscal year 2024–2025, according to its latest earnings release. Revenue rose 41% to EGP 3.9 billion, driven by strong enrollment growth across all educational divisions.

The company’s share value is up 25.8% since the start of 2025.

Tuition fees fuel revenue growth:

Tuition fees, accounting for 91.7% of total revenue, increased 40% to EGP 3.5 billion. Higher education led the surge, with revenues up 49% to EGP 2.7 billion, supported by high demand at Badr University campuses in Cairo and Assiut and contributions from Saxony Egypt University. The K–12 segment posted EGP 1.2 billion in revenue, up 25%, with student enrollment reaching 35,600 and a record utilization rate of 94%. Nursery enrollment grew 28% to 852 students.

Strategic expansion drives operational growth:

The year saw significant expansion across CIRA’s platform. Saxony Egypt University (SEU) was launched, and Badr University Assiut was expanded to meet rising demand. Two new K–12 schools were opened, alongside continued growth in the nursery segment, reinforcing CIRA’s position as Egypt’s leading integrated private education provider. The K–12 platform admitted over 10,000 new students, marking “record levels for Egypt’s private education sector”, according to the company

Future growth initiatives:

CIRA is preparing for multiple upcoming rollouts, including the Damietta University campus and a partnership with Seneca College in Canada. The K–12 portfolio will also expand with the launch of Futures Language School – Gardenia City and the majority acquisition of L’École Française d’Hurghada, contributing to financials from FY2025/26. Additional projects in the pipeline include the Lemania Swiss International School in partnership with École Lemania.

Outlook:

CIRA aims to double its size over the next two years, leveraging a robust project pipeline, improving macroeconomic conditions, and strong execution capabilities. 

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.