The company's real estate sales reached a record 211 billion pounds in the first half of 2025. This represents a growth of over 59% from the 133 billion pounds sold during the same period last year, a remarkable feat given that the company did not launch any new projects during that time.
In a statement to the Egyptian Stock Exchange, Talaat Moustafa Group Holding announced that its performance was significantly boosted by the SouthMED project on the North Coast. The TMG-branded development generated 106 billion pounds in sales and reservations during the first half of the year, bringing its total cumulative sales to 384 billion pounds in just one year since its launch in July 2024.
The management said the figures reflect the brand's strength and customer confidence both at home and abroad, underscoring continued strong demand for the Group's projects.
The Group's hotel sector recorded total revenues of 7.17 billion pounds, a 39% increase from 5.15 billion pounds during the same period last year. Additionally, recurring income and services generated revenues of 4.6 billion pounds, compared to 2.7 billion pounds in the corresponding period of 2024, a growth of 68%.
Talaat Moustafa Group Holding announced a significant leap in its financial performance and profitability for the first half of 2025. This was driven by growth across its real estate sales, hotel, and services sectors.
The company's backlog of contracted but undelivered sales reached EGP 363.7 billion, marking a 48% increase from EGP 245 billion last year. TMG stated that this backlog reflects a stable financial position and will be recognized as revenue upon the delivery of units according to contractual schedules.
The Group's total revenues climbed to around EGP 24.39 billion, a 43% increase from EGP 17.02 billion in the same period of 2024. Meanwhile, consolidated net profit after tax jumped 69% to roughly EGP 8.1 billion, up from EGP 4.8 billion.
Looking at the independent statements, net profit—excluding the results of subsidiary companies—came in at EGP 275 million. This is a 4.3% increase from the EGP 264 million recorded in the first half of 2024.