Raya Holding Reports EGP 49.8 Billion in Revenues for 9M 2026, Up 9.5% Year-on-Year
Raya Holding for Financial Investments announced its consolidated financial results for the nine-month period ended September 30, 2026, reporting continued revenue growth driven by strong performance across several portfolio companies, particularly in distribution, fintech, and business process outsourcing, alongside the expansion of its manufacturing and smart infrastructure businesses. The results reflect the Group's continued efforts to scale its operations, diversify its investment portfolio, and strengthen its regional presence while directing strategic investments toward high-growth technology sectors.
During the first nine months of 2026, Raya Holding recorded consolidated revenues of EGP 49.8 billion, compared to EGP 45.5 billion during the corresponding period of 2025, representing 9.5% year-on-year growth. Gross profit increased by 5.4% to EGP 10.2 billion, compared to EGP 9.6 billion in 9M 2025, while the gross profit margin stood at 20.4%.
The Group reported EBITDA of EGP 4.7 billion, while net profit after minority interest reached EGP 1.1 billion. Profitability during the period was impacted by higher operating expenses associated with regional expansion, increased expected credit loss provisions, and margin pressures across certain business segments. Raya Holding remains focused on enhancing operational efficiency and optimizing returns on its investments to support sustainable growth and long-term profitability.
Revenue growth was supported by strong performance across several portfolio companies. Raya Trade recorded revenues of EGP 21.1 billion, representing 21.8% year-on-year growth, driven by the expansion of its distribution and retail operations, a diversified product portfolio, and continued growth in international markets, particularly Nigeria. Raya FMCG also delivered strong performance, with revenues increasing 43.9% to EGP 2.4 billion, supported by new commercial partnerships, an expanding distribution network, and broader market reach.
In the fintech sector, Aman Holding continued to build on Raya's longstanding legacy as one of the pioneers of digital financial services in Egypt, recording revenues of EGP 8.5 billion, representing 28.9% year-on-year growth. This performance was supported by the expansion of its customer base, financing solutions, and digital financial services. During the period, Aman also advanced its regional expansion plans, securing preliminary approval from the Saudi Central Bank (SAMA) to establish a microfinance company in Saudi Arabia, alongside approval from Egypt's Financial Regulatory Authority (FRA) to establish Aman Sukuk, further diversifying its financing capabilities and supporting future growth.
Raya Customer Experience (RCX) maintained its strong growth trajectory, generating revenues of EGP 2.6 billion, up 27.1% year-on-year, supported by new contracts across Gulf and European markets and the continued expansion of its multilingual outsourcing services. In the technology and digital infrastructure sector, Raya Information Technology (RIT) recorded revenues of EGP 10.7 billion, while continuing to develop its capabilities across technology infrastructure, data centers, and digital transformation solutions. Building on Raya's deep-rooted technology expertise, which has been central to the Group's business model since its inception, RIT remains focused on expanding its portfolio of advanced technology solutions and services across local and regional markets.
Across the Group's manufacturing portfolio, Raya Auto recorded 29% revenue growth, reaching EGP 1.7 billion, supported by the expansion of its electric vehicle portfolio and the introduction of new XPENG models in Egypt. Raya Electric generated revenues of EGP 766 million, alongside the continued development of its manufacturing capabilities and strategic partnerships. Meanwhile, Raya Foods recorded revenues of EGP 1.3 billion, amid challenges affecting global shipping and supply chains, as well as higher logistics costs associated with geopolitical tensions.
In the hospitality and smart infrastructure segment, Raya Smart Buildings achieved 35.5% revenue growth, reaching EGP 249 million, supported by the expansion of its EDGE Innovation Center network and the development of Electra, its electric vehicle charging infrastructure business. The company also signed an agreement with the Administrative Capital for Urban Development (ACUD) to manage and operate Administrative Building C5 in the Government District of the New Administrative Capital, further strengthening its position in integrated workplace and facility management solutions. Meanwhile, Raya Restaurants recorded revenues of EGP 235 million, up 7.8% year-on-year, while gross profit increased by 19.3%, reflecting improved operational efficiency..
As part of the Group's strategy to strengthen its investments in high-growth technology sectors, Raya Holding's Board of Directors reviewed the latest developments regarding the proposed acquisition of a data center facility in Egypt and approved the authorization to finalize the Equity Purchase Agreement for the acquisition of 100% of the target company's shares, subject to the approved commercial and financial terms. The Board also authorized the appointment of an independent financial advisor to conduct a fair value assessment of the target company's shares.
This development represents a further step in Raya's strategy to deepen its investments in technology and leverage its longstanding expertise in developing and operating digital infrastructure solutions. It also reflects the Group's ambition to expand its presence in the data center market, a strategic sector supported by accelerating digital transformation and growing demand for cloud computing and artificial intelligence infrastructure. The investment is expected to create new opportunities for revenue diversification and long-term value creation across the Group's portfolio, subject to successful completion of the proposed transaction.
In addition, Raya Holding's Board of Directors approved a proposed treasury share purchase program of up to EGP 20 million, with the acquired shares potentially allocated to the company's employee incentive and reward scheme, subject to applicable regulatory requirements. The initiative aims to further align employee incentives with the Group's long-term strategic objectives.
Looking ahead, Raya Holding remains committed to strengthening its investments in technology and digital financial services, expanding its regional footprint, and developing its businesses across manufacturing, distribution, and smart infrastructure. Through its diversified investment model, the Group continues to leverage its operational expertise, business development capabilities, and ability to capture strategic investment opportunities to drive sustainable growth and maximize long-term shareholder value.
