Egypt’s Abu Qir Fertilizers and Chemical Industries delivered robust financial and operational performance during the first half of its adjusted fiscal year, underscoring resilience amid ongoing regional and energy-related challenges.
The company’s ordinary and extraordinary general assemblies, held in Alexandria under the patronage of Petroleum and Mineral Resources Minister Karim Badawi and chaired by Hany Dahy, approved key governance and financial updates, including the transition of the fiscal year-end to December 31. The shift is supported by the successful implementation of an integrated SAP-based digital transformation system, aimed at enhancing operational efficiency and corporate governance.
For the six-month period from July to December 2025, the company recorded revenues of EGP 13.13 billion, marking a 28% year-on-year increase. Operating profits surged by 71%, reflecting strong demand for fertilizers and improved pricing conditions, while net profit rose 13% to EGP 5.67 billion despite challenges during the early part of the period.
Operationally, Abu Qir exceeded its production targets by 17%, supported by a large-scale, simultaneous maintenance program across its three plants—an initiative executed for the first time in the company’s history. The strategy contributed to enhanced efficiency and ensured uninterrupted production.
The company also maintained its national role in supporting Egypt’s food security, supplying approximately 345,000 tonnes of fertilizers—equivalent to around seven million bags—to the Ministry of Agriculture during the period. In parallel, Abu Qir paid EGP 1.64 billion in income taxes, reinforcing its contribution to the national economy.
Management highlighted continued efforts to optimize costs and improve energy efficiency, alongside reductions in water, electricity, and chemical consumption as part of its broader sustainability strategy. The company also expanded its export footprint and adopted a balanced sales policy to maximize returns across domestic and international markets.
On the safety front, Abu Qir recorded 3.96 million safe working hours without injuries, reflecting adherence to high occupational health and safety standards and a strong focus on human capital as a driver of growth.
Looking ahead, the company is developing a new strategic plan in collaboration with McKinsey & Company, targeting enhanced sustainability, increased productivity, energy optimization, digital advancement, and reduced carbon emissions. The plan also includes evaluating new product lines to strengthen profitability and global competitiveness.
In recognition of its strong financial standing, Abu Qir Fertilizers was ranked ninth in the 2026 list of Egypt’s Top 50 Public Companies by Forbes Middle East, with a market capitalization of approximately $1.7 billion, underscoring the company’s solid market position and successful growth strategy.
