الرئيسية / عقارات / Talaat Moustafa Group reports EGP 7.1 billion in hospitality revenues

Talaat Moustafa Group reports EGP 7.1 billion in hospitality revenues

فريق رجال الأعمال عقارات 11 August 2025 07:14 PM
مشاركة الخبر:
Talaat Moustafa Group reports EGP 7.1 billion in hospitality revenues

Talaat Moustafa Group Holding (TMG Holding) posted hospitality sector revenues of EGP 7.17 billion in the first half of 2025, up 39% from EGP 5.15 billion in the same period of 2024.

In a statement, TMG Holding reported that recurring income and service activities generated EGP 4.6 billion, compared to EGP 2.7 billion a year earlier, marking a 68% increase.

The Group’s backlog of delivered and undelivered sales reached EGP 363.7 billion as of June 2025, up from EGP 245 billion in the corresponding period of 2024, reflecting a 48% growth. The company noted that this backlog is supported by a high-quality client base and a strong financial position, and will be recognized as revenue upon unit delivery according to contractual schedules.

Total Group revenues rose 43% to EGP 24.39 billion, compared to EGP 17.02 billion in the first half of last year, while consolidated net profit after tax surged 69% to EGP 8.1 billion, up from EGP 4.8 billion in the same period of 2024.

At the standalone level, excluding subsidiaries’ results, net profit reached EGP 275 million, compared to EGP 264 million in the first half of last year, representing a 4.3% increase.