Egyptian energy group TAQA Arabia reported a 65% jump in consolidated net profit to EGP 1.16 billion in the first nine months of 2026, exceeding its earnings for the whole of 2025 as revenue climbed 32%.
The Cairo-listed company generated EGP 24.36 billion in revenue between January and September, up from EGP 18.41 billion a year earlier, according to unaudited financial results disclosed to the Egyptian Exchange on November 12.
The growth comes against a backdrop of higher domestic fuel prices and the group’s expansion across petroleum distribution, natural gas, electricity and water services.
Petroleum marketing accounted for 61% of TAQA Arabia’s revenue in 2025, when increased fuel sales, expanded storage capacity and price adjustments supported growth. Egypt raised gasoline and diesel prices by approximately 14–17% in March 2026, potentially boosting the value of fuel sales. However, the latest results do not distinguish the contribution of price increases from higher sales volumes.
Gross profit rose 29% to EGP 2.48 billion, slightly below revenue growth, while net profit margin improved to 4.7% from 3.8%. Basic earnings per share increased to EGP 0.854 from EGP 0.518.
In contrast, standalone net profit declined 45% to EGP 65.4 million, highlighting the importance of subsidiaries to consolidated earnings.
The group had reported a full-year net profit of EGP 1.05 billion in 2025. Its latest performance puts it above that level with three months of the year remaining, although the sustainability of earnings growth will depend on sales volumes, pricing and operating costs.
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