Amer Group H1 Profit Jumps 204% to EGP 96.9 Million as Operating Performance Improves
Amer Group Holding reported a sharp improvement in first-half earnings, with consolidated net profit more than tripling as higher revenue and stronger operating margins outweighed financing costs.
The EGX-listed real estate group posted consolidated net profit of EGP 96.87 million for the six months ended June 2026, up 204.2% from EGP 31.85 million a year earlier.
Revenue increased 8.5% to EGP 624.45 million, compared with EGP 575.43 million in the first half of 2025.
The stronger bottom line was supported by a more pronounced improvement in profitability than the revenue growth alone suggests. Gross profit rose nearly 13.9% to EGP 319.25 million, while operating profit climbed 24.8% to EGP 151.25 million.
Financing pressure also eased during the period. Finance and banking expenses declined to around EGP 62.95 million from EGP 85.10 million a year earlier, helping push pre-tax profit to EGP 127.22 million, up from EGP 47.58 million.
After income tax of about EGP 30.34 million, consolidated net profit reached EGP 96.87 million. Profit attributable to shareholders of the parent company stood at approximately EGP 62.88 million, nearly three times the EGP 21.04 million recorded in the comparable period of 2025.
Amer Group’s standalone financial statements also showed a turnaround. The parent company recorded a net profit of around EGP 1.83 million in the first half of 2026, compared with a loss of EGP 10.69 million in the same period last year.
The results point to a stronger operating performance across the group during the first six months of 2026, with earnings growth significantly outpacing revenue expansion as margins improved and financing costs declined.
For Amer Group, the key question in the second half will be whether it can sustain that margin improvement and convert ongoing project activity into similarly strong earnings growth.