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Yasseen Mansour's Palm Hills Developments has delivered another year of strong profit growth, extending a run of momentum that has positioned the company as one of Egypt's most consequential listed real estate developers.
Palm Hills posted consolidated net profit after tax and non-controlling interest of EGP 4.216 billion for the full year ended Dec. 31, 2025, a 29.55% increase from EGP 3.254 billion in the prior year. The result was disclosed March 18 on the Egyptian Exchange.
Mansour, who chairs and leads the company as group chief executive officer, has steered Palm Hills through a period of sustained expansion across Egypt's new cities and urban communities. The Mansour family, through El Mansour and El Maghraby Investment and Development, holds the largest controlling stake in the publicly listed developer.
Net operating revenues for the full year came in at EGP 16.169 billion, compared with EGP 27.167 billion in 2024. The year-on-year revenue decline reflects timing differences in project delivery and revenue recognition rather than a deterioration in underlying commercial momentum. The company's standalone net profit after tax reached EGP 89.574 million, down from EGP 261.522 million in 2024.
The full-year profit result builds on a strong nine-month performance. Through September 2025, Palm Hills had already recorded consolidated net profit of EGP 3.5 billion, up 50.6% year on year, alongside revenues of EGP 25.6 billion, representing 42% growth. New sales for the nine-month period reached EGP 182 billion, up 40% year on year, driven by demand across the company's regional portfolio.
Palm Hills focuses on real estate investment in new cities and urban communities, land reclamation and cultivation, and associated development activities across Egypt. The company's portfolio spans more than 34.6 million square meters and includes more than 35 projects nationwide.
Egypt's real estate sector has benefited from structural demand driven by urbanization, a young population and government investment in new city infrastructure. Palm Hills has positioned itself to capture that demand through a pipeline of residential, commercial and resort developments in some of the country's most sought-after locations.
