Cairo – Mubasher: Bonyan for Development and Trade recorded net profits after tax amounting to EGP 1.02 billion in the first half (H1) of 2025, compared to EGP 1.53 billion in H1-24.
Basic and diluted earnings per share (EPS) hit EGP 0.62 as of 30 June 2025, down from EGP 1.24 in the year-ago period, according to the financial results.
Total revenues hiked to EGP 379.26 million in H1-25 from EGP 361.29 million a year earlier.
Quarterly Results
During the second quarter (Q2) of 2025, the company generated EGP 608.82 million in net profit, versus EGP 967.93 million in Q2-24.
The revenues climbed to EGP 199.40 million in Q2-25 from EGP 168.89 million a year earlier, while the basic and diluted EPS dropped to EGP 0.37 from EGP 0.78.
Bonyan’s strong financial performance in Q2-25 was driven by a growth in gross asset value (GAV) reaching EGP 17.40 billion, underscoring the company’s resilience and sustainability.
Tarek Abdelrahman, CEO of Bonyan, commented: “Rent revenues grew 35% YoY to EGP 345 million as of H1 2025, driven by contract renewals, higher occupancy rate and adjustments to USD-denominated lease rates.”
“Variations in profitability metrics primarily reflect changes in the rate of GAV growth, which are influenced by fluctuations in Egypt’s inflation rate,” Abdelrahman stated.
He noted: “Looking ahead, we remain focused on expanding our portfolio through a combination of internal cash flows and prudent leverage, supported by a low debt-to-equity ratio of 9.80% and an LTV of 7.70%.”
The CEO mentioned: “These results underscore our disciplined execution, focus on high-growth assets, and commitment to delivering sustainable value for our shareholders.”
It is worth highlighting that the company began the listing and trading of its shares on the Egyptian Exchange (EGX) on 22 July.
