Cairo – Mubasher: The revenues of Qalaa Holdings remained largely stable at EGP 37.20 billion in the first quarter (Q1) of 2025, according to the company’s financial results.

EBITDA fell by 46% year-on-year (YoY) to EGP 4.20 billion as of 31 March 2025 due to a decrease in global refining margins, which weighed on the group’s consolidated EBITDA.

Qalaa recorded a consolidated net loss of EGP 43 million in Q1-25, compared to a net profit of EGP 7.20 billion achieved in Q1-24, mainly due to the net loss reported at ERC.

Ahmed Heikal, Chairman and Founder of Qalaa Holdings, said: “Qalaa kicked off 2025 with solid results across the board, as the group continued to showcase its strength, resilience, and agility in a dynamic macroeconomic landscape.”

“As of 5 October 2025, Qalaa’s commercial registry has been updated to reflect the increase of the Company’s issued and paid-in capital from EGP 9.10 billion to EGP 21.10 billion, divided over 4.20 billion shares,” Heikal added.

He noted: “The newly-issued shares are expected to be distributed to the debt purchase participants during November 2025 according to their participation percentage.”

In 2024, the company’s revenues hiked by 53% YoY to EGP 148.90 billion.