Madinet Masr announced its financial results for the first quarter of 2026, reporting a net profit of EGP 682.5 million alongside higher deliveries and cash collections.
The company recorded new sales of EGP 11.7 billion in the quarter, compared with EGP 12.6 billion a year earlier. Revenue rose 7.4 percent to EGP 2.8 billion, driven by the handover of 831 units.
EBITDA reached EGP 857.2 million for a margin of 31.2 percent. Net profit fell to EGP 682.5 million from EGP 794.9 million, with the margin declining to 24.8 percent.
Net cash collections increased 33.2 percent to EGP 4.5 billion, and the delinquency rate improved to 1 percent. The backlog of unrecognized revenue stood at EGP 98.2 billion. The firm also distributed its first bonus shares at 4.17 percent of capital plus a cash dividend.