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Elsewedy Electric, the Cairo-based multinational cable and electrical equipment manufacturer led by the Egyptian billionaire El-Sewedy family, reported slightly lower profit for the first nine months of 2025 as global cost pressures and foreign-exchange challenges weighed on margins, even as sales climbed to record levels.
For the period ended Sept. 30, the company’s unaudited net profit slipped to EGP 14.13 billion ($298.5 million) from EGP14.35 billion ($303.2 million) a year earlier. Revenue, however, rose 21 percent to EGP199.71 billion ($4.22 billion) compared with EGP164.82 billion ($3.48 billion) in the same period of 2024.
Net income declined 4.4 percent to EGP12.67 billion ($267.7 million), pulling basic earnings per share down to EGP5.13 ($0.11) from EGP5.49 ($0.12). Gross profit rose to EGP30 billion ($633.6 million), giving the company a margin of about 15 percent.
El Sewedy Electric posts strong segment gains despite lower earnings
The Wire, Cables & Accessories unit remained the company’s biggest contributor, generating EGP113.2 billion ($2.39 billion) in sales and a 16 percent margin. The Engineering and Construction (E&C) Projects segment followed with EGP 60.39 billion ($1.28 billion) in sales and a modest 5 percent margin.
The Digital Solutions division maintained steady growth, posting EGP11.59 billion ($244.79 million) in sales with a 22 percent margin. Electrical Products recorded EGP11.69 billion ($246.9 million) in sales and held on to a strong 38 percent margin, while Infrastructure Investments remained the most profitable, bringing in EGP2.84 billion ($59.98 million) and achieving a 53 percent margin, the highest among all business segments.
Elsewedy Electric targets record year-end growth
Elsewedy Electric said it expects full-year results to strengthen on the back of higher production at its cable plants and improved earnings in its infrastructure and digital businesses. The company is aiming for what it described as “record growth” by year-end.
Standalone net profit for the first nine months jumped sharply to EGP5.74 billion ($121.2 million) from EGP973.73 million ($20.6 million) in the same period last year, reflecting stronger performance in domestic operations.
Outlook and legacy
Founded in 1938, Elsewedy Electric has evolved from a local wire producer into one of the Middle East and North Africa’s largest suppliers of energy and infrastructure solutions. Under the leadership of the El-Sewedy family, it has expanded into a multinational manufacturer of cables and electrical equipment, operating in more than 50 countries.
