Gourmet Egypt Reports 46.1% Surge in Net Profit to EGP 139.4 Million in H1 2026
Gourmet Egypt.com for Food reported a robust 46.1% increase in its net profit after tax during the first half (H1) of 2026, reaching approximately EGP 139.45 million, compared to EGP 95.46 million in the same period of 2025.
According to the company's consolidated financial statements, revenues and sales demonstrated a solid growth trajectory, rising by 27% during the first six months of the current year to record EGP 1.687 billion, up from EGP 1.328 billion in H1 2025.
Income Statement Highlights
The company's profitability margins and overall earnings witnessed significant improvements across the board, as detailed in the following income statement indicators:
Financial MetricH1 2026H1 2025YoY Change
Revenues & SalesEGP 1.687 BillionEGP 1.328 Billion+27.0%
Gross ProfitEGP 553.00 MillionEGP 432.58 Million+27.8%
Gross Profit Margin32.8%32.6%+0.2%
Net Profit Before TaxEGP 185.31 MillionEGP 125.13 Million+48.1%
Net Profit After TaxEGP 139.45 MillionEGP 95.46 Million+46.1%
Basic Earnings Per Share (EPS)EGP 0.35EGP 0.24+45.8%
Financial Position and Equity Performance
On the balance sheet front, Gourmet Egypt maintained a healthy financial position, marked by notable growth in equity and retained earnings:
Balance Sheet MetricEnd of June 2026Comparative PeriodYoY Change
Total EquityEGP 318.79 MillionEGP 275.02 Million+15.9%
Net Working CapitalEGP 64.93 MillionEGP 45.25 Million+43.5%
Retained EarningsEGP 192.27 MillionEGP 151.12 Million+27.2%
ReservesEGP 26.52 MillionEGP 23.90 Million+11.0%
Meanwhile, the company's paid-in capital remained unchanged at EGP 100 million.
Strong Cash Flow Generation
Reflecting its solid operational efficiency, Gourmet Egypt reported a substantial 52.3% jump in net cash flows from operating activities, reaching EGP 259.32 million in H1 2026, compared to EGP 170.28 million in the comparative period.
Regarding other cash flow activities:
Investing Activities: Cash outflows from investing activities rose to EGP 89.74 million, up from EGP 8.55 million in H1 2025.
Financing Activities: Cash outflows from financing activities amounted to EGP 106.87 million, compared to EGP 78.66 million during the first half of the previous year.