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

Today: Juhayna’s 9M 2025 profit falls 34% to EGP 1.6 bn; Edita’s 9M 2025 profit rises 42.7% to EGP 1.57 bn; and Egypt’s annual inflation climbs to 12.5% in October.

🔔 EGX30 ended -0.97% by market close at 40,427 points, the EGX70 dropped 0.08% to 12,105 points, and the EGX100 also fell 0.12% to reach 16,077 points.

💸 The number of transactions reached 143,377 spread across 1,205,578,149 stocks leading to a turnover of EGP 6.5 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers for the market as a whole included Ferchem Misr for Fertilizers and Chemicals (+13.14%), Qatar National Bank (+10.02%), and Memphis Pharmaceuticals (+5.95%).

📉 Top losers for the market included Macro Capital (-7.04%), Concrete Fashion Group (-7%), and Eastern Company (-6.04%).

⬆️ Top gainers for EGX30 included Raya Holding (+3.9%), Orascom Construction (+3.1%), and Mopco (+2.8%).

⬇️ Top losers included Eastern Company (-6.04%), Fawry (-3.1%), and Palm Hills Developments (-2.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,228 per gram, up 1.86% day-on-day and up 1.62% month-on-month.

💲 The USD reached EGP 47.22 at the National Bank of Egypt.

🐮 Juhayna Food Industries (JUFO) posted net revenue of EGP 22.1 billion in 9M 2025, up 21% YoY, while net profit fell 34% YoY to EGP 1.6 billion due to normalization of concentrate prices and higher costs. The company’s share value fell 2.63% on news of its results, and is down 3.36% since the start of the year. (Read more in our Deeper Look section.)

💰 Edita Food Industries (EFID) posted a net profit of EGP 1.57 billion in 9M 2025, up 42.7% YoY, supported by higher prices, recovering volumes, and an improved product mix. Revenue rose 23.9% YoY to EGP 14.74 billion, with the Cakes, Bakery, and Wafers segments driving the growth. The company’s stock value is up 67.94% since the beginning of 2025. (Read more in our Deeper Look section.)

✅️ Beltone Asset Management, part of Beltone Holding (BTFH), has introduced a new investment fund, Beltone Thirty-Five, designed to follow the low-volatility EGX Thirty-Five index and appeal to cautious, risk-averse investors, the company’s CEO Khaled Darwish told EnterpriseAM. This launch broadens Beltone’s range of offerings after the strong performance of its EGX100 fund, Beltone Meya Meya. The firm also intends to roll out the higher-risk Beltone Alpha Fund to cater to investors willing to take on greater market risk.

📝 SODIC (OCDI) announced yesterday that it signed a leasing agreement worth EGP 2.94 billion with EFG. The company’s board said recently that it will also review several related-party transactions with Beltone Holding and its subsidiaries, covering the sale of a building in the Eastown project, six office units in The Portal at SODIC West, and the lease of 100 parking spaces in the EDNC complex in New Cairo.

November 11, 2025 (today):

Kahira Pharmaceuticals (CPCI) - dividend record date for EGP 16.74 per share per share. The distribution date is Sunday, November 16. 

November 12, 2025:

Alexandria Flour Mills (AFMC) - dividend distribution date for EGP 0.75 per share. The record date was yesterday.

November 13, 2025:

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

📈 Egypt’s annual inflation rose to 12.5% in October, reversing a four-month decline, driven mainly by higher housing, fuel, and essential goods prices. The Central Bank expects inflation to gradually ease toward 11%–14.5% over the next two years, although energy costs and global risks could keep price pressures elevated. (Read more in our Deeper Look section.)

🌾 Egypt is planning a major grain logistics hub in East Port Said to strengthen storage, distribution, and food supply chains, with potential expansions into food processing and integration with Arab and African markets. The project involves both domestic and international players, including a silo factory by a subsidiary of Elsewedy Electric and a planned EGP 2.5 billion facility by the Egyptian arm of Polish company Feerum, EnterpriseAM notes. Officials have also explored using the Suez Canal Economic Zone for Ukrainian grain storage and re-export to Africa, highlighting Egypt’s ambition to become a regional grain hub.

Juhayna recorded net revenue of EGP 22.1 billion in the first nine months of 2025, up 21% YoY from EGP 18.3 billion in 9M 2024. Growth was driven by increased volumes across dairy, fermented products, and juices, supported by moderate price adjustments and record-high exports.

Net income declined to EGP 1.6 billion, a 34% YoY drop, mainly due to the normalization of concentrate prices after last year’s exceptional levels, alongside higher selling, general, and administrative expenses (SG&A).

Product-level performance:

Exports reached record highs, led by juice and fermented products, reinforcing overall revenue growth.

In the third quarter of 2025, Juhayna posted record-breaking net revenue of EGP 7.97 billion, up 16% YoY from EGP 6.86 billion in 3Q 2024, driven by continued strong domestic sales and robust exports. Net profit fell 49% YoY to EGP 491 million, impacted by concentrate price normalization and increased SG&A expenses.

During the quarter, Juhayna signed a new distribution agreement in Saudi Arabia with one of the region’s leading F&B distributors. These partnerships are central to the company’s strategy to expand regionally, diversify its export base, and strengthen its international market presence.

Future plans and expansion:

Remember, the company is pushing forward with a major expansion plan. In May, it secured a loan package of approximately EGP 1.9 billion to finance a new citrus production line. This investment was aimed at accelerating Juhayna's entry into the concentrate market.

Juhayna also said it continues to invest in marketing, brand-building, and operational expansion. The company plans on launching new products, including Turkish Labneh and Premium Pudding, and maintains a strong focus on boosting exports to reinforce its global brand positioning.

Edita Food Industries reported a net profit of EGP 1.57 billion in the nine months ended September 2025, up 42.7% year-on-year, as higher average prices, recovering volumes, and an improved product mix supported earnings growth.

Revenue drivers:

Total revenue for 9M 2025 reached EGP 14.74 billion, a 23.9% increase from the same period last year. Growth was driven by price-point adjustments across the portfolio alongside stronger consumption, with both pricing and volume contributing to the increase.

Export performance:

Exports totaled EGP 0.54 billion in 3Q 2025, up 2.2% year-on-year and representing roughly 10% of total sales. Morocco led regional performance, generating EGP 0.13 billion in the quarter, up 8% year-on-year, supported by expanded retail coverage and improved distribution. Year-to-date Moroccan revenues increased 30.3% compared with the prior year.

3Q 2025 snapshot:

In 3Q 2025, net profit reached EGP 0.66 billion, up 84.5% year-on-year, driven by margin expansion, higher selling prices, and favorable interest income. Revenue for the quarter was EGP 5.49 billion, a 40.4% increase compared with 3Q 2024. Within this growth, the Cakes and croissants segment contributed EGP 2.74 billion, up 43.5% year-on-year, Bakery added EGP 1.72 billion (+33.3% YoY), and Wafers brought in EGP 490.4 million (+ 38.7%), highlighting the segments driving top-line expansion.

Strategic expansions and outlook:

Edita is further expanding its production and market reach. In October 2025, the company added two new cake and two bakery production lines, increasing overall capacity by roughly 15%. The company also plans to begin operations in Iraq by the end of this year, having already relocated a bakery line alongside existing cake lines as part of its January 2025 acquisition of a 49% stake in Tuama Jebur Abbas. Management emphasized that continued price-point migration, disciplined cost control, and strategic distribution investments will remain central to sustaining margins and driving future growth.

Egypt’s consumer price inflation climbed to 12.5% in October, up from 11.7% in September, according to the latest figures from CAPMAS. The increase ended a four-month streak of easing price pressures and slightly surpassed the median forecast of 12% from a group of economists.

Main contributors to price growth:

The biggest drivers were housing, utilities, and fuel, which together jumped 27.1% year-on-year, reflecting a nearly 13% fuel price increase implemented by the government on October 17. Alcohol, tobacco, and healthcare costs also contributed significantly, rising 26% and 28.4% year-on-year, respectively. Food and beverage prices rose 1.5% annually, with notable increases in bread and cereals (4.8%) and fruit (36.4%).

Monthly trends:

On a month-to-month basis, consumer prices increased 1.8%, influenced by higher energy and housing costs as well as seasonal variations affecting key food items.

Monetary policy context:

The Central Bank of Egypt has lowered overnight lending rates twice in 2025, including a 100-basis-point reduction in early October, citing easing inflation earlier in the year. Despite October’s rebound, the government highlights that the broader trend points to a moderation in price growth.

Outlook:

Although inflation has dropped sharply from the 38% peak seen in September 2023, supported by an USD 8 billion IMF package in March 2024, pressures remain. The central bank expects annual inflation to average around 14.5% in 2025 and 11% in 2026. Planned fiscal measures—covering energy, tobacco, and electricity—along with persistent non-food price pressures and potential geopolitical shocks, may slow the pace of disinflation, but the overall trajectory remains downward.

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

Your daily market lens, signing off.