TMG
Holding's projects recorded total sales of EGP 160 billion, representing a
year-on-year growth of 127%. This reinforces what the market and observers
consistently affirm as TMG's unique position. The group's sales figures are a
compelling and realistic benchmark, according to the group's statement to the
Egyptian Stock Exchange on Wednesday.
This
year's exceptionally strong performance is a natural extension of the
unprecedented results achieved by TMG Holding and its management team during
the 2024 fiscal year, which saw total sales exceed EGP 500 billion. The group
continued to achieve sustainable and unprecedented annual sales growth, with a
remarkable compound annual growth rate (CAGR) of 70%, confirming the strength
of its established operating model. This continued momentum as a powerful
testament to the strength of the TMG brand and its proven track record in
project development.
These
sales also confirm the strong confidence it enjoys from a distinguished
customer base of more than 200,000 highly engaged clients. The group's strong
sales performance is due to its deep understanding of market shifts and its
ability to reflect this understanding
into high-quality real estate projects, supported by innovative and
market-leading payment plans—setting new standards not only on the North Coast,
but across the entire Egyptian real estate landscape.
It is worth noting that TMG Holding has achieved cumulative sales of its real estate portfolio that have exceeded the EGP 1 trillion mark – a new record achievement that reflects its position as the strongest real estate entity in Egypt, supported by an ambitious expansion project portfolio spanning the wider region. Since launching its prominent and strategic projects in 2017, TMG has managed to build the largest land bank in Egypt, now exceeding 107 million square meters, and is poised for significant growth through future local and regional expansions. These expansions enhance the group’s ability to generate foreign currency, which consolidates its strategic importance at the national and regional levels. The group’s successful entry into the Saudi market last year marked a milestone – not only as the first Egyptian developer to export high-quality real estate to the Gulf countries on this scale, but also as a pioneering entity that has set new standards.