Madinet Masr (EGX: MASR.CA), one of Egypt’s leading urban community developers, announced strong growth across its key operational and financial indicators during the first nine months of 2026, supported by robust sales performance, accelerated unit deliveries, and improved cash collections.
The company recorded new sales of EGP 45.4 billion, marking a 25% year-on-year increase compared to EGP 36.3 billion during the same period in 2025. The number of units sold also increased by 57.6% to reach 4,256 units, driven by sustained demand for its flagship developments, Sarai and Taj City, alongside the growing contribution of its co-development projects.
Unit Deliveries Increase 76.2% to 1,787 Units and Revenues Reach EGP 8.1 Billion
Madinet Masr accelerated its delivery pace by 76.2% year-on-year, handing over 1,787 units during the first nine months of 2026, compared to 1,014 units during the corresponding period last year, reflecting the company’s continued commitment to project execution and fulfilling customer obligations.
This operational progress contributed to a 10.2% increase in total revenues, which reached EGP 8.1 billion during the reporting period.
The company also recorded a 34.7% increase in net cash collections to EGP 15.2 billion, compared to EGP 11.3 billion during the same period in 2025. Meanwhile, the uncollected rate improved to 0.9%, reflecting the quality of the company’s receivables portfolio and the efficiency of its collection management.
Madinet Masr Reports EGP 1.8 Billion in Net Profit and EGP 111 Billion in Revenue Backlog
Commenting on the results, Eng. Abdallah Sallam, President and CEO of Madinet Masr, said that the company’s performance during the first nine months of 2026 reflects the strength of its business model and its continued progress in translating sales momentum into tangible operational results.
He added that the significant acceleration in unit deliveries, alongside revenue growth and stronger cash collections, demonstrates the company’s commitment to operational excellence and sustainable growth.
Sallam noted that Madinet Masr remains focused on expanding its development footprint, maximizing long-term shareholder returns, and creating sustainable value for its customers and all stakeholders.
On the financial front, the company 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 prospects.
