Madinet Masr Delivers Another Record-Breaking Sales Performance in 9M 2026, with New Sales Surging 25%

Madinet Masr (EGX: MASR.CA), one of Egypt’s leading urban community developers, announced its consolidated financial results for the first nine months of 2026, reporting solid growth across key operational and financial indicators, supported by strong sales momentum, accelerated project deliveries, and improved cash collections.

The company recorded EGP 45.4 billion in new sales, representing an increase of 25% year-on-year, compared to EGP 36.3 billion in the corresponding period of 2025. The number of units sold grew by 57.6% to 4,256 units, driven by sustained demand across its flagship developments, Sarai and Taj City, alongside the growing contribution of its co-development projects.

Reflecting its continued focus on execution and fulfilling customer commitments, Madinet Masr accelerated unit deliveries by 76.2% year-on-year to 1,787 units, compared to 1,014 units during 9M 2025. This strong operational progress supported total revenues of EGP 8.1 billion, up 10.2% year-on-year.

The company also achieved significant growth in cash collections, with net cash collections increasing by 34.7% to EGP 15.2 billion, compared to EGP 11.3 billion during the same period last year. This performance was accompanied by an improvement in the uncollected rate to 0.9%, reflecting the quality of the Company’s receivables portfolio and effective collection management.

Commenting on the results, Eng. Abdallah Sallam, President and CEO of Madinet Masr, stated: “Our results for the first nine months of 2026 reflect the strength of Madinet Masr’s business model and the progress we continue to achieve in translating sales momentum into tangible operational results. The significant acceleration in deliveries, alongside revenue growth and stronger cash collections, demonstrates our commitment to operational excellence and sustainable growth. Looking ahead, we remain focused on expanding our development footprint, maximizing long-term shareholder returns, and creating sustainable value for our customers and all stakeholders.”

Madinet Masr reported a net profit of EGP 1.8 billion, with a net profit margin of 22.5%. Meanwhile, its unrecognized revenue backlog reached EGP 111 billion, providing strong visibility into future revenue recognition and supporting the company’s long-term growth outlook.