Emaar Misr H1 2026 Profits Surge 41.9% to EGP 5.56 Billion; Board Advances Sky Tower Acquisition
The Board of Directors of Emaar Misr for Development has approved the company’s consolidated financial statements for the period ending June 30, 2026. The results demonstrate robust growth, with net profits surging by 41.9% year-on-year during the first half of the year.
H1 2026 Financial Highlights
The company's strong performance in the first six months of 2026 was driven by a significant increase in top-line revenues.
The following table highlights the key financial metrics for H1 2026 compared to the same period in 2025:
Financial MetricH1 2026H1 2025
Total RevenuesEGP 11.08 BillionEGP 9.43 Billion
Cost of RevenuesEGP 4.96 BillionN/A
Gross ProfitEGP 6.12 BillionEGP 6.11 Billion
Profit Before TaxEGP 7.20 BillionEGP 4.94 Billion
Net ProfitEGP 5.56 BillionEGP 3.91 Billion
Note: Income taxes for the first half of 2026 amounted to approximately EGP 1.64 billion.
Q2 2026 Performance: A Shift to Losses
Despite the strong half-year performance, the company's standalone second-quarter results (April to June 2026) showed a downturn. Emaar Misr recorded a net loss of EGP 2.21 billion, a stark contrast to the EGP 587.5 million net profit achieved in Q2 2025. Losses before income tax for the second quarter stood at EGP 2.66 billion.
However, Q2 2026 revenues still saw positive momentum, climbing to EGP 4.32 billion compared to EGP 3.52 billion in the corresponding quarter of 2025.
Board Approvals and Sky Tower Acquisition
During its meeting on August 7, 2026, the Board of Directors unanimously approved the standalone and consolidated financial statements for the period ending June 30, 2026. The board also authorized the addition of new sales outlets at the Marassi project and appointed a branch manager.
In a pivotal strategic move, the board approved proceeding with the procedures to acquire up to 100% of Sky Tower Real Estate Development via a share swap. This decision, from which the interested board member abstained from voting, builds upon the resolution passed by the Extraordinary General Assembly (EGM) on July 18, 2024.
The disclosure clarified that, given the Sky Tower shareholders' desire to move forward, Emaar Misr's board has agreed to present the acquisition study to the investment committee. This paves the way for executing the necessary steps to finalize the EGM's resolution.
Balance Sheet and Asset Growth
Emaar Misr's financial position remains exceptionally strong, with total assets witnessing significant growth over the six-month period.
Total Assets: Climbed to EGP 208.9 billion by the end of June 2026, up from EGP 192.02 billion in December 2025.
Properties Under Development: Reached EGP 88.4 billion, compared to EGP 76.4 billion at the end of last year.
Total Equity: Increased to EGP 71.8 billion, up from EGP 66.3 billion in December 2025
Total Liabilities: Stood at EGP 137.1 billion at the end of June 2026, rising from EGP 125.7 billion at the close of 2025.