القاهرة – بزنس ريبورت الإخباري|| recorded Al Qala’a Group consolidated revenues surged by 52 percent annually to reach 94.7 billion Egyptian pounds during the first half of 2026. The company also reported a significant 403 percent annual increase in operating profit before interest, taxes, depreciation, and amortization, which totaled 30.3 billion pounds. This financial turnaround marks a stark contrast to the previous year, where the group recorded a net loss after minority interests of 1.3 billion pounds compared to a net profit of 0.2 billion pounds in the same period last year.
Debt Settlement and Capital Increase
In June 2026, the Egyptian Refining Company fully settled its main debts, paving the way for future dividend distributions. Subsequently, the company paid approximately 244 million dollars in secondary debt in August 2026, with another installment of roughly 118 million dollars expected soon. Additionally, a full loan of 104 million dollars owed to Qatar Energy was cleared during the third quarter of 2026. In September 2026, the board approved acquiring an additional stake in the Egyptian Refining Company, raising indirect ownership from 13.0 percent to 27.1 percent, expected to close in the fourth quarter. The board also authorized a cash capital increase, raising paid-up capital from 21.1 billion to 25.0 billion pounds.
Strong Second Quarter Performance
Consolidated revenues rose 118 percent annually to 54.5 billion pounds in the second quarter of 2026. This growth stemmed from higher petroleum product prices and uninterrupted operations at the refinery, unlike the previous year when maintenance halted production for 32 days. Excluding the refining subsidiary, Al Qala’a’s revenues grew 2 percent to 5.2 billion pounds. Operating profit before tax and depreciation jumped tenfold to 18.2 billion pounds. The group achieved a net profit of 2.0 billion pounds, reversing a 1.2 billion pound loss from the same period in 2025.
Refining Subsidiary Results
The Egyptian Refining Company delivered robust results, averaging a refining margin of 4.3 million dollars daily, up from 1.2 million dollars in the prior year. Operations continued without interruption, processing more high-value products. Revenues surged 147 percent to 49.4 billion pounds against 20.0 billion pounds previously. Operating profits reached 17.3 billion pounds versus 0.8 billion pounds last year, yielding a net profit of approximately 12.3 billion pounds compared to a 3.8 billion pound loss in 2025.
This story was produced in the newsroom from the disclosed sources named above.
