The financial statements of Egypt National Steel – Ataqa revealed an 88% year-on-year decline in net profits during the first half of 2025, despite recording significant growth in revenues.
In a statement to the Egyptian Exchange, the company reported a net profit of EGP 62.33 million for the first six months of 2025, compared to EGP 535.45 million in the same period of 2024.
Meanwhile, revenues rose to EGP 4.14 billion by the end of June 2025, up from EGP 2.77 billion in the corresponding period of last year.
On a quarterly basis, the company posted a net profit of EGP 103.9 million in Q1 2025, versus EGP 60.9 million in Q1 2024, while sales grew to EGP 2.02 billion from EGP 1.01 billion year-on-year.