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Lecico Egypt’s profit drops 66% in first nine months of 2025

Businessmen Team banks-exchange 16 November 2025 11:31 PM
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Lecico Egypt’s profit drops 66% in first nine months of 2025

Lecico Egypt announced a 66% year-on-year decline in its net profit for the first nine months of 2025.

The company stated in a disclosure to the Egyptian Exchange today that it recorded a net profit of EGP 317.21 million from January to September 2025, compared to EGP 932.53 million in the same period of 2024, after accounting for minority interests.

Lecico’s sales rose to EGP 5.74 billion during the nine-month period, up from EGP 4.86 billion in the same period last year.

The company attributed the drop in profit to exceptional gains included in the first quarter of 2024, totaling EGP 362 million. These included EGP 212 million from foreign currency exchange differences following the March 2024 flotation of the Egyptian pound, and EGP 150 million from the sale of excess foreign currency through international deposit certificates.

Lecico’s net profit fell to EGP 143.352 million, compared to EGP 608.2 million in the same period of 2024.