Table of Contents
Key Points
- H1 2025 revenue climbed 12.9% to $237.9 million, driven by strong hotel, real estate, and commercial asset performance.
- Net profit surged 222.1% to $61.94 million, boosted by margin gains, operational efficiency, and foreign currency benefits.
- Hospitality revenue jumped 45.5% to $55.73 million, with occupancy rates up and 85% of guests coming from abroad.
Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding (ODH) and part of Egyptian billionaire Samih Sawiris’ business empire, delivered a strong first-half performance in 2025. The company’s revenue climbed by nearly 13 percent to EGP11.5 billion ($237.9 million), with significant gains in profitability and recurring income.
Revenue growth and profitability
The figure, revealed in the company’s recent half-year results, shows that ODE’s revenue rose 12.9 percent year-over-year from EGP10.18 billion ($210.15 million) in H1 2024, supported by strong contributions from its hotel and commercial assets.
Net profit surged 222.1 percent to EGP3.0 billion ($61.94 million), up from EGP942.7 million ($19.46 million), driven by improved margins, operational efficiency, and foreign currency gains after last year’s devaluation impact.
Adjusted EBITDA jumped 19.3 percent to EGP5.4 billion ($111.47 million), representing a robust margin of 47.2 percent. Gross profit rose 24 percent to EGP5.2 billion ($107.36 million), with margins improving to 45 percent from 40.9 percent a year earlier.
Strong real estate and hospitality performance
Net real estate sales totaled EGP11.6 billion ($239.41 million) in H1 2025, with El Gouna leading at EGP6.3 billion ($130.05 million), up 0.3 percent despite a tough market. Average selling prices in El Gouna increased 45 percent to EGP299,700 ($6,185.83) per square meter, with international buyers accounting for 49 percent of sales.
Hospitality revenues grew 45.5 percent to EGP2.7 billion ($55.73 million), with occupancy rates climbing to 74 percent from 68 percent a year earlier. Average room rates rose 38.7 percent to EGP5,705 ($117.79) per night, while foreign guests made up 85 percent of total occupancy. The commercial assets segment also expanded 38.4 percent to EGP1.7 billion ($35.1 million).
Makadi Heights also posted EGP1.7 billion ($35.1 million) in real estate sales, with 63 percent coming from international buyers. O West saw slower sales of EGP3.6 billion ($74.33 million), down 35.4 percent, as the company prioritized timely deliveries.
A legacy in Egyptian real estate
ODE, part of Samih Sawiris’ business empire, has become one of Egypt’s leading property developers, with projects ranging from landmark resorts to fully integrated communities. The company ended the first half of 2025 in a strong financial position, holding EGP8.1 billion ($167.7 million) in cash and $107.1 million in foreign currency reserves. Net debt stood at EGP2.2 billion ($45.5 million), keeping its net debt-to-EBITDA ratio at a modest 0.21x.
By June 30, 2025, the company’s total assets had risen 9.14 percent to EGP55.34 billion ($1.14 billion) from EGP50.7 billion ($1.05 billion) at the end of 2024. Over the same period, total equity increased 19.11 percent to EGP15.65 billion ($323 million) from EGP13.14 billion ($271.1 million), showing the company’s ability to steadily grow its value for shareholders.
