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 Valmore Holding Group, listed on the Egyptian and Kuwaiti stock exchanges, announced its consolidated financial and operational results for the first quarter of 2026, delivering strong performance driven by the development of its investment portfolio and an increased contribution from US Dollar-denominated revenues. The results were achieved despite regional market disruptions affecting business and industrial activities in several markets.

The group reported consolidated revenues of $166 million for the financial period ending March 31, 2026. Consolidated EBITDA reached $79.6 million during the first quarter of the year, representing a 10% annual growth rate. The operational profit margin expanded by 5 percentage points to close the period at 48%.

Net profit from continuing operations rose to $41.6 million during Q1 2026, marking a 15% annual growth rate. The group's net profit attributable to shareholders stood at $34.3 million, up 0.5% year-on-year, despite the prior-year period including a $2.09 million profit stream generated from discontinued operations.

Valmore Holding stated that its strategic focus on portfolio diversification mitigated unprecedented regional challenges. US Dollar-denominated revenues reached $87 million during Q1 2026, accounting for 52% of total consolidated revenues during the reporting period.

On the subsidiary level, Alexandria Fertilizers Company delivered an exceptional performance, supported by a global surge in urea export prices. Nat Energy continued to post record growth in new natural gas installations, strengthening the group's recurring revenue streams from energy distribution projects. Concurrently, SPREA Misr successfully expanded its profit margins despite logistics and trade disruptions affecting export volumes to the Gulf Cooperation Council (GCC) markets.

Loay Jassem Al-Kharafi, Chairman of Valmore Holding, stated that the events of the first quarter served as a rigorous stress test for corporate activities. He emphasized that the inherent flexibility and diversification of Valmore's investment strategy anchored its subsidiaries through these market shocks. Al-Kharafi added that the group's capacity to navigate market volatility relies on prioritizing high-earning quality projects and maintaining strong competitive positions. He noted that the board remains committed to disciplined capital management, a policy that has enabled cumulative dividend distributions of approximately $1 billion since the group's inception.

Jon Rock, Managing Director of Valmore Holding, added that the group secured a powerful start to the year, noting that dollar-earning investments achieved exceptional results while energy distribution tracks maximized recurring revenues. Rock explained that while regional disruptions slowed industrial sectors in major markets, they simultaneously drove international urea prices upward and unlocked alternative trade opportunities. He concluded that management capitalized on these shifts by prioritizing capital recycling efficiency, upgrading corporate governance, and modernizing institutional frameworks to support global expansions.