Egyptalum posts 89% Y-o-Y increase in its net profit during the nine months of FY2025
Egypt Aluminum, the largest aluminium producer in Egypt and one of the largest in Africa, has reportedly announced its financial results for the first nine months of fiscal year 2024-2025 ended March 31.
In the first nine months of FY2024-25, the company posted an 89 per cent Y-o-Y increase in net profit after tax, which climbed to EGP 9.894 billion (US$ 194.91 million), up from EGP 5.227 billion (US$ 102.97 million) in the corresponding period last year.
One of the leading players in the aluminium industry, Egyptalum recorded revenues of EGP 32.062 billion (US$673.3 million) for the period from July 2024 to March 2025, up from EGP 22.460 billion (US$ 442.7 million) in the same nine months of the previous fiscal year.
With a robust financial performance, Egyptalum continues to strengthen its market position. In FY 2023-24, the company posted a net profit after tax of EGP 9.324 billion (US$ 183.68 million), marking a 60 per cent Y-o-Y increase from EGP 3.692 billion (US$ 72.73 million) in FY 2022-23. Revenues also saw significant growth, rising to EGP 32.815 billion (US$ 646.46 million) compared to EGP 22.045 billion in the previous fiscal year.
Decline in downstream operating rates coupled with concentrated arrivals after the holiday, domestic aluminium prices in the doldrums
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