Cairo – Mubasher: GB Corp logged consolidated net profits after tax and minority interest valued at EGP 1.67 billion in the first half (H1) of 2025, an annual surge of 59.60% from EGP 1.04 billion.
Total sales revenues hit EGP 35.84 billion as of 30 June 2025, higher by 86.90% year-on-year (YoY) than EGP 19.18 billion, the financial results showed.
Basic earnings per share (EPS) stood at EGP 1.54 in the first six months (6M) of 2025, versus EGP 0.96 in H1-24.
Results for Q2
In the second quarter (Q2) of 2025, GB Corp posted YoY higher consolidated net profits at EGP 1.04 billion, compared to EGP 421.85 million.
Operating revenues jumped by 87.60% to EGP 19.08 billion in Q2-25 from EGP 10.17 billion in Q2-24, while the EPS increased to EGP 0.96 from EGP 0.36.
Nader Ghabbour, CEO of GB Corp, mentioned: “The H1-25 was a period of significant progress for GB Corp as we delivered strong revenue and earnings growth, while advancing key strategic priorities across our Auto and Capital segments.”
“Benefiting from an improving macroeconomic backdrop, we captured demand, expanded our product portfolio, and enhanced our operational capabilities,” Ghabbour added.
He stated: “It is worth noting that the regional geopolitical situation is creating a challenging environment for our auto operations in Iraq and Jordan. We expect this to have an adverse effect on our regional performance; however, we are hopeful for a recovery by year-end.”
