Orascom Development Egypt Reports 30% Growth in Real Estate Sales to EGP 15.1 Billion in H1 2026
Orascom Development Egypt (ODE) has announced its consolidated financial results for the first half (H1) of 2026, delivering an outstanding operational performance despite ongoing economic and geopolitical challenges.
The company noted that, excluding land sales, its revenues and net profits surged by 45% and 58%, respectively. This significant growth underscores the improvement in the company's core operational performance and the sustainability of the group's business expansion.
H1 2026 Financial Highlights
During the first six months of the year, the company demonstrated strong financial and operational momentum, as detailed in the following table:
Financial MetricH1 2026YoY Growth
Real Estate SalesEGP 15.1 Billion+30.0%
RevenuesEGP 14.8 Billion+28.5%
Adjusted EBITDAEGP 5.5 Billion+0.3%
Net ProfitEGP 3.2 Billion+4.5%
Q2 2026 Financial Highlights
The second quarter (Q2) of 2026 also saw a robust acceleration in both top and bottom-line growth compared to the same period in 2025:
Financial MetricQ2 2026YoY Growth
Real Estate SalesEGP 8.1 Billion+7.1%
RevenuesEGP 8.4 Billion+64.3%
Adjusted EBITDAEGP 2.7 Billion+30.3%
Net ProfitEGP 1.3 Billion+26.1%
Real Estate Sales Exceed EGP 15 Billion
The company's real estate division was a primary growth driver, achieving total sales of EGP 15.1 billion during H1 2026. This 30% year-on-year increase was propelled by sustained and robust demand for the company's projects across its various destinations. In Q2 2026 alone, real estate sales recorded EGP 8.1 billion, reflecting a 7.1% increase compared to Q2 2025.
ODE emphasized that the strength of its real estate sales reflects the continuous market demand for its launched units, reaffirming its capacity to maintain sustainable growth and solidify its leading position in the Egyptian real estate market.