Madinet Masr Reports EGP 28.4 Billion in New Sales and More Than Doubles Deliveries in H1 2026
Madinet Masr (EGX code: MASR.CA), a leading urban community developer in Egypt, has announced its consolidated financial and operational results for the six-month period ended June 30, 2026, delivering robust growth across sales, revenues, and construction execution.
During H1 2026, new sales surged by 18.7% year-on-year to reach EGP 28.4 billion, driven by strong demand and the sale of 2,971 units—representing a 70.9% increase compared to H1 2025.
Co-development projects like Talala and The Butterfly contributed roughly 49% of total new sales.
Driven by a more than doubling of delivered units to 1,200, unit delivery revenues jumped 187.8% year-on-year to EGP 2.5 billion, taking total revenues to EGP 5.1 billion.
The company channeled EGP 3.5 billion into construction and infrastructure—primarily for Taj City and Sarai—while awarding EGP 5.7 billion in new construction contracts.
Net cash collections climbed 38.0% to EGP 9.9 billion, shifting the company from net debt to a net cash position of EGP 163.3 million, while the unrecognized revenue backlog expanded by 10.1% to EGP 104.6 billion.
