The upgrade reflects the positive developments in the Group's activities over the past period. These include the company's record-breaking sales, the introduction of unique real estate products to the Egyptian market, and the success of the SouthMED project on the North Coast, which has bolstered the Group's financial position with foreign currency.
According to TMG's half-year results for 2025, which were
approved by the board of directors, real estate sales surged by 59 percent to
211 billion Egyptian pounds, driven by high demand. The SouthMED project alone
accounted for 106 billion pounds in sales during the first six months of the
year.
The Group's total revenues increased to 24.39 billion
pounds, up from 17.02 billion pounds in the same period of 2024. Net profit
grew by 69 percent to 8.1 billion pounds, compared to 4.8 billion pounds
previously. The company's balance of undelivered sales reached 363.7 billion
pounds by the end of June 2025, ensuring a robust future revenue stream.
The new rating underscores the Group's robust financial position and its successful investment strategy. It has boosted customer and investor confidence, solidifying the company's standing as the largest real estate developer in the Egyptian market and a prominent regional player.