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

Today: Talaat Moustafa Group’s 9M 2025 profit rises 70% to EGP 12.6 bn; Fawry’s 9M 2025 profit rises 84% to EGP 2 bn; Orascom Development Egypt’s 9M 2025 profit rises 70.4% to EGP 3.8 bn; and Alexandria Container and Cargo Handling’s Q1 2025‑26 profit falls 9% to EGP 1.7 bn.

🔔 EGX30 ended -0.08% by market close at 40,228 points, the EGX70 rose 0.58% to 12,207 points, and the EGX100 also grew 0.75% to reach 16,206 points.

💸 The number of transactions reached 144,147 spread across 1,429,029,211 stocks leading to a turnover of EGP 6 billion.

🏷️ Local investors were the only net sellers.

📈 Top gainers for the market as a whole included Misr Beni Suef Cement (+20%), Misr Cement (+17.4%), and Arabian Cement (+13.44%)

📉 Top losers for the market included Suez Canal Company For Technology Settling(-5.62%), Cairo Pharmaceuticals (-5.38%), United Bank (-4.19%).

⬆️ Top gainers for EGX30 included Misr Cement (+17.4%), Arabian Cement (+13.4%), and Palm Hills Developments (+3.3%).

⬇️ Top losers included Eastern Company (-3.5%), EFG Holding (-1.8%), and Telecom Egypt (-1.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,437 per gram, up 0.23% day-on-day and up 2.77% month-on-month.

💲 The USD reached EGP 47.19 at the National Bank of Egypt.

🏘️ Egypt’s largest listed real estate developer Talaat Moustafa Group (TMGH) reported a net profit of EGP 12.6 billion in the first nine months of 2025, up 70 % year-on-year, with revenues rising 37% to EGP 38.3 billion. Earnings per share more than doubled to EGP 5.08, reflecting strong performance across real estate sales, hospitality, and recurring income streams. (Read more in our Deeper Look section.)

💰Fintech player Fawry (FWRY) posted an 84% year-on-year increase in net profit for the first nine months of 2025, reaching EGP 2 billion. Total revenues climbed 57.6% YoY to EGP 6.1 billion, supported by growth across all business lines. FWRY’s share value is up 77.43% since the start of the year. (Read more in our Deeper Look section.) 

💸 Real estate developer Orascom Development Egypt (ORHD) reported a 70.4% rise in net income in 9M 2025 to EGP 3.8 billion, with revenues up 11.6% y-o-y to EGP 17.2 billion, driven by strong performance in hospitality and commercial assets. While real estate sales fell 30% YoY, international buyers accounted for nearly 46% of total sales, supporting the segment amid challenging market conditions. The firm’s stock has risen 38.43% since the beginning of 2025. (Read more in our Deeper Look section.)

📉 Alexandria Container and Cargo Handling (ALCN) saw a 9% year-on-year decline in net profit for Q1 of fiscal year 2025–2026, with earnings after taxes totaling EGP 1.7 billion. During the same period, revenues slipped 6% y-o-y, reaching EGP 1.9 billion. The company’s share value is down 6.34% since the start of the year.

🏛️ Housing and Development Bank (HDBK) reported a 53.6% year-on-year increase in net profit for the first nine months of 2025, reaching EGP 14.45 billion, up from EGP 9.4 billion a year earlier. Interest income also rose sharply to EGP 29.53 billion, compared with EGP 20.48 billion in the same period of 2024. The lender’s stock has risen 70.97% since the beginning of 2025.

November 13, 2025 (today):

Alexandria Container and Cargo Handling Co (ALCN) - dividend distribution date for EGP 1.81 and USD 0.003 per share. The record date was Monday, November 11.

ALSO: Tawasoa Factoring (TWSA) officially starts trading on the EGX’s SME Exchange this morning. The move follows its initial public offering of a 25% stake, which drew strong demand—nearly 15 times oversubscribed—and raised approximately EGP 32.4 million, according to the company’s disclosure to the EGX.

💰 Egypt and South Africa are exploring reciprocal logistics zones to boost trade, with Egypt’s hub likely at a port focusing on automotive and related industries, while both countries eye joint industrial projects in automotive and steel, supported by a planned working group including the Federation of Egyptian Industries.

👀 Egypt’s offshoring sector is attracting growing international interest, with 39 global digital services firms planning to base their operations in the country, a senior government official told EnterpriseAM. Information Technology Industry Development Agency CEO Ahmed El Zaher said the sector is at a “pivotal moment,” noting that offshoring export revenues have doubled to USD 4.8 billion this year and new foreign commitments are expected to position Egypt as a regional hub for digital service exports.

Talaat Moustafa Group (TMGH) reported a net profit of EGP 12.6 billion in the first nine months of 2025, up 70 percent from the same period last year, according to its latest earnings release. Revenues climbed 37 percent year-on-year to EGP 38.3 billion, driven by growth in both the real estate and hospitality segments.

The company also recorded earnings per share EPS of EGP 5.08 during 9M 2025, compared to EGP 2.28 a year earlier — reflecting an increase of 124 percent.

TMGH’s share value is up 25.54% since the start of the year.

TMGH brought in real estate sales of EGP 324 billion during the nine-month period, down from EGP 454 billion last year — a result the company described as impressive given the absence of new destination launches this year. The performance was entirely driven by organic volume and price growth in existing projects.

The second phase of the SouthMed development on the North Coast contributed around EGP 120 billion in new sales during the period, bringing total sales from the project since its July 2024 debut to roughly EGP 400 billion.

Revenues from TMGH’s hospitality operations reached EGP 9.9 billion, up 27 percent year-on-year, while recurring income hit a record EGP 16.8 billion. Revenues from recurring and service-related activities — covering clubs, malls, commercial properties, transportation, and other services — rose 68 percent year-on-year to EGP 6.95 billion.

The group is pressing ahead with an expansion of its hospitality portfolio, with three new projects currently under construction: Four Seasons Luxor, Four Seasons Madinaty, and a resort in Marsa Alam. These properties are set to open starting 2026, expanding TMG’s footprint across key destinations and strengthening its leadership in the tourism sector.

Once completed, these additions will bring the total number of rooms owned by the group to more than 5,000. The expansion aligns with TMGH’s strategy to grow its recurring revenue base, boost foreign currency earnings, and support Egypt’s tourism development agenda through the addition of premium hotel capacity.

In line with this strategy, TMGH recently announced that its subsidiary, the Arab Company for Hotels and Tourism Investments (ICON), has begun developing a USD 788 million integrated tourism complex located behind the Grand Egyptian Museum, in partnership with the New Urban Communities Authority.

The 42.4-feddan project will feature a five-star hotel with 495 rooms operated by an international brand, as well as restaurants, retail spaces, serviced apartments, office units, and a large entertainment district. It is expected to generate roughly USD 100 million in annual net income and achieve around USD 233 million in real estate sales over its lifespan.

As of 30 September 2025, TMG’s backlog of sold but undelivered units stood at EGP 443 billion, up 55 percent year-on-year — providing strong visibility on future revenues.

TMGH notes it ranks among the top three publicly listed developers in the region given its substantial land bank across projects in the local market, Oman, Iraq, and Saudi Arabia.

Fintech player Fawry posted an 84% year-on-year increase in net profit for the first nine months of 2025, reaching EGP 2.0 billion, according to its latest earnings release. Total revenues climbed 57.6% y-o-y to EGP 6.1 billion, supported by growth across all business lines.

Financial services drive growth:

The financial services segment more than doubled its revenue to EGP 1.7 billion, contributing 27.4% of total revenues. Banking services also posted solid gains, with revenue rising 48.3% y-o-y to EGP 2.4 billion, fueled by a 64.3% increase in acceptance and a 32.7% jump in agent banking. Alternative digital payments grew 21.5% y-o-y to EGP 1.5 billion, while supply chain solutions expanded 41.1% y-o-y to EGP 357.5 million.

Quarterly highlights:

In 3Q 2025, Fawry’s net income rose 63% y-o-y to EGP 778.6 million, with revenues increasing 48.4% y-o-y to EGP 2.3 billion.

Foreign investor interest:

Remember, there has been renewed interest from foreign investors lately. A fund tied to BlackRock bought a 1.8% stake in Fawry for EGP 876 million, signaling renewed US investor attention in Egypt’s fintech sector following Amazon’s purchase of a stake in Valu.

Real estate developer Orascom Development Egypt (ORHD) reported a notable rise in net income for the first nine months of 2025, with profits climbing 70.4% year-on-year to EGP 3.8 billion, according to its latest earnings statement. Total revenues reached EGP 17.2 billion, up 11.6% y-o-y, reflecting resilience amid a challenging economic backdrop.

Hospitality sector fuels growth:

The company’s hospitality division delivered robust results, generating EGP 4.1 billion in revenues for the nine-month period, a 38% increase compared to the same period last year. ODE attributed the growth to a recovery in Egypt’s tourism sector, strong occupancy rates, and strategic price adjustments.

Commercial assets provide steady cashflow:

Revenues from ODE’s commercial assets rose 46.4% y-o-y to EGP 3.1 billion, reinforcing the segment’s role as a reliable source of cash flow. The company highlighted that this steady income supports expansion efforts and mitigates the impact of economic fluctuations.

Real estate faces mixed performance:

The real estate segment recorded revenues of EGP 8.6 billion, down 6% y-o-y, while real estate sales fell 30% y-o-y to EGP 16.2 billion. International buyers remained a critical component, accounting for nearly 46% of total sales, up from 42% in 9M 2024.

Quarterly snapshot:

In 3Q 2025, ODE posted net income of EGP 771 million, marking a 40.3% decline year-on-year, while quarterly revenues rose 8.9% y-o-y to EGP 5.7 billion. Hospitality revenues increased 25.8% y-o-y to EGP 1.4 billion, and commercial assets revenue jumped 53% y-o-y to EGP 1.2 billion.

Remember:

ORHD was among the six firms added in February to the EGX30 index (which comprises the most highly capitalized and liquid stocks traded on the Egyptian Exchange) after the bourse completed its semi-annual periodic review of market indices.

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

Your daily market lens, signing off.