In a statement to the Egyptian Exchange on Wednesday, TMG
said that its ongoing projects continued to witness strong demand, driven by
the SouthMED project on Egypt’s North Coast. The company launched the second
phase of the SouthMED flagship project in May 2025. Sales and bookings for the
project reached approximately EGP 120 billion during the first nine months of
2025, bringing total cumulative sales since inception to over EGP 397 billion
by September 30, 2025.
The Group noted that its hospitality sector delivered strong
performance, recording operating revenues of EGP 9.87 billion during the first
nine months of 2025, compared to EGP 7.77 billion during the same period last
year, representing a 27% growth. Revenues from recurring and service-related
activities reached EGP 6.9 billion, up from EGP 4.1 billion a year earlier,
marking a 68% increase. Gross profit from these activities also grew by 46%.
TMG highlighted that its backlog of delivered and
undelivered sales rose to EGP 443 billion during the first nine months of 2025,
compared to EGP 286 billion in the same period last year, reflecting a 55%
growth. The company attributed this increase to strong sales achieved over
previous years and noted that the backlog is stable and supported by a
high-quality customer base, reflecting genuine end-user demand.
Regarding financial results, TMG posted total revenues of
approximately EGP 38.3 billion during the first nine months of 2025, compared
to EGP 28 billion during the same period last year, representing a 37% growth.
Consolidated net profit after taxes reached approximately EGP 12.63 billion, up
from EGP 7.41 billion during the same period last year, marking a 70%
year-on-year increase.
Meanwhile, the Group recorded standalone net profit,
excluding the results of subsidiaries, of EGP 342 million during the first nine
months of 2025, compared to approximately EGP 326 million during the same
period last year, reflecting a 5% growth.