Madinet Masr reports $223 million revenue, as profits nears $70 million in 2025

Madinet Masr Housing and Development, a leading real estate developer led by Egyptian real estate tycoon Abdallah Sallam, reported strong financial results for the year ended Dec. 31, 2025, posting revenue of EGP11.7 billion ($223.27 million) and net profit of EGP3.6 billion ($68.7 million) as robust demand for its master-planned communities supported sales and unit deliveries.

The Cairo-based developer also recorded EGP52.6 billion ($1 billion) in new sales during the year, a 10.7% increase from 2024, driven by higher-value inventory and continued momentum across its flagship projects, Taj City and Sarai. In the fourth quarter alone, new sales reached EGP16.1 billion ($307.24 million), underscoring sustained demand in Egypt’s residential market.

Deliveries drive revenue growth
Madinet Masr accelerated project deliveries during the year, handing over 1,941 units, compared with 645 units in 2024, as construction progressed across multiple phases of its developments. Revenue generated from deliveries tripled to EGP3.1 billion ($59.16 million), highlighting the company’s growing ability to convert contracted sales into completed units.

The surge in deliveries helped push total revenue up 38.4% year-on-year to EGP11.7 billion ($223.27 million). In the fourth quarter, revenue climbed sharply to EGP4.3 billion ($82.06 million), more than quadrupling from EGP1 billion ($19.08 million) in the same period of 2024.

Profitability also strengthened. Gross profit reached EGP7 billion ($133.58 million) for the year, while EBITDA rose 16.8% to EGP4.7 billion ($89.69 million). Net profit increased 23.8% to EGP3.6 billion ($68.7 million), reflecting the company’s continued operational efficiency and disciplined execution strategy.

Investment fuels development pipeline
Madinet Masr deployed EGP8 billion ($152.67 million) in capital expenditure during 2025, a 22.7% increase from the previous year, as it accelerated construction and infrastructure work across Taj City, Sarai and other projects, including Talala New Heliopolis.

Cash collections rose 16.3% to EGP15.9 billion ($303.42 million), supported by strong sales and instalment-based payments from homebuyers. The company also reported EGP88.4 billion ($1.69 billion) in total accounts and notes receivable, reflecting the scale of its contracted portfolio and future revenue pipeline.

Madinet Masr’s expanding real estate ecosystem
Founded in 1959, Madinet Masr has established itself as a major player in Egypt’s real estate sector under the leadership of Abdallah Sallam. He also founded MINKA Development, a key addition to the company’s portfolio.

Beyond residential development, Madinet Masr has expanded its real estate ecosystem through specialized subsidiaries covering sales, property management, finishing services and sports club operations. The company also recently launched Citydom, a joint venture with Saudi Arabia’s Waheej Real Estate, to pursue residential development opportunities in Riyadh.

With strong sales momentum, a growing delivery pipeline and expanding regional ambitions, Madinet Masr says it remains well positioned to sustain growth and play a central role in shaping Egypt’s next generation of urban communities.