Egypt’s Misr Fertilizers Production Company (MOPCO) reported a 70% rise in first-half net profit as more stable natural gas supplies supported higher production, while exports generated about 80% of sales revenue.
Net profit after tax reached EGP9.9bn in the six months ended June 30, 2026, up from EGP5.8bn a year earlier. Sales revenue increased 52% to EGP 20.2bn, from EGP 13.3bn, while gross profit climbed 77% to EGP 12.2bn.
Pre-tax operating profit rose 71% to EGP 11.1bn, from EGP 6.5bn, while earnings per share increased to EGP3.45 from EGP2.03. Profit growth outpaced the increase in revenue, indicating an expansion in margins during the period.
MOPCO attributed the improvement partly to efforts by Egypt’s Ministry of Petroleum and Mineral Resources to stabilise natural gas supplies, enabling the fertiliser producer to increase operating rates. The company said its plants achieved 111% of planned production by the end of the second quarter despite operational, logistics and regional political challenges.
Higher output was accompanied by sales volumes reaching 105% of the company’s target. Exports generated about 80% of total sales revenue, compared with 20% from the domestic market. Urea accounted for 94% of export revenue, with ammonia contributing the remaining 6%.
MOPCO also said it had introduced higher-value urea-related products, including solid TGU and liquid AdBlue, which have already been exported to European markets. The products are used in applications designed to reduce nitrogen oxide emissions from vehicle exhausts.
The company is continuing plant modernisation and efficiency programmes, including a carbon dioxide recovery project designed to utilise more than 150,000 tonnes of CO₂ emissions annually.
The project is designed to increase ammonia and urea output without raising natural gas consumption, improving feedstock efficiency while supporting compliance with European market requirements.
Ahmed Mahmoud El Sayed, MOPCO’s chairman and managing director, said the first-half performance reflected progress in improving operating efficiency and expanding the company’s international presence. He added that development programmes would continue to focus on raising production efficiency and strengthening operating and financial returns.
MOPCO said it would continue supplying the Egyptian market with the quantities of urea allocated to the Ministry of Agriculture, while pursuing higher-return export opportunities for ammonia and urea.
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