Sixth of October Development and Investment Company (Sodic) reported strong financial results for 2025, with net profit surging 77% to EGP 4.49 billion, driven by robust demand across its portfolio and the successful launch of its Eastvale project in East Cairo.
Sixth of October Development and Investment Company (Sodic) posted sharp growth in revenues and profitability for 2025, with revenues more than doubling to EGP 21.26 billion, a 118% year-on-year increase. The company achieved a net profit margin of 21%, with earnings per share at EGP 3.47.
Strong sales fueled this performance, generating gross contracted sales of EGP 48.4 billion from 1,788 units sold, up from 1,270 units in 2024. East Cairo's Eastvale project was the main driver, accounting for 52% of total contracted sales at EGP 21 billion, or 44% of the year's total.
West Cairo contributed 21% and the North Coast 27% of sales, with the Ogami project alone making up 17%. Net cash collections rose to EGP 20.1 billion from EGP 15 billion the previous year.
Sodic delivered 2,083 units in 2025, nearly doubling the prior year's figure, including 1,486 in West Cairo, 395 in East Cairo, and 202 on the North Coast. Construction investments increased to EGP 11 billion from EGP 8.5 billion. Gross profit climbed 41% to EGP 7.63 billion, yielding a 36% margin, while operating profit rose 68% to EGP 5.55 billion, with a 26% margin.
Unrecognized revenues from contracted sales reached EGP 106 billion as of December 31, 2025, offering strong visibility for future growth. Sodic maintained solid liquidity with EGP 4.4 billion in cash and equivalents, bank debt of EGP 9.7 billion, and a conservative leverage ratio of 0.61x.
Ayman Amer, Sodic's Group General Manager, commented: "We are proud of our exceptional performance in 2025, highlighted by the strong reception of Eastvale and the near doubling of delivered units. Sodic remains focused on executing its strategic growth plans and creating sustainable value for customers, partners, and shareholders as we move into 2026."