Madinet Masr reported strong financial results for 2025, driven by robust new sales, accelerated unit deliveries, and progress across its flagship developments, highlighting continued growth in Egypt’s real estate sector.
Madinet Masr,PeThe developer recorded total revenues of US$378 million, up 38.4 percent year-on-year, while net profit rose 23.8 percent to US$116 million. The increase reflects higher revenue recognition from both contracted sales and completed unit deliveries.
New sales reached US$1.7 billion in 2025, marking a 10.7 percent increase from 2024. Sustained demand across Madinet Masr’s master-planned communities, coupled with the launch of higher-value inventory, drove growth. In the fourth quarter alone, new sales totalled US$521 million, highlighting ongoing market appetite for the developer’s projects.
Operationally, the company significantly accelerated delivery activity. In 2025, Madinet Masr handed over 1,941 units, up from 645 units in the previous year, primarily across Taj City and Sarai. Revenues from deliveries tripled to US$100 million, demonstrating steady construction progress and efficient project execution.
Gross profit increased 22.2 percent to US$226 million, while EBITDA rose 16.8 percent to US$152 million. The more moderate growth in EBITDA reflects a shift in the revenue mix toward deliveries, which typically carry lower margins than new sales.
Madinet Masr maintained a solid financial position, ending the year with net debt of US$10.6 million and a net debt-to-EBITDA ratio of 0.07. Cash collections reached US$515 million, supporting liquidity and operational stability.
The company invested US$259 million in construction and infrastructure capital expenditure, mainly directed towards Taj City, Sarai, and Talala New Heliopolis, reinforcing its commitment to expanding its development pipeline and maintaining high-quality project delivery.
Madinet Masr also reported an unrecognised revenue backlog of US$3.1 billion, providing strong visibility over future revenue generation and cash flows. This backlog positions the developer to sustain its growth trajectory in Egypt’s evolving real estate market.
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The company’s 2025 performance highlights a balance between rapid delivery execution and ongoing market demand for premium residential units. Analysts say that the combination of healthy sales, accelerating deliveries, and strong financial management provides Madinet Masr with a solid foundation to capitalize on Egypt’s growing urban housing needs.
By maintaining disciplined investment in key developments and managing debt conservatively, Madinet Masr aims to continue expanding its footprint in Egypt’s residential market while ensuring financial resilience.
With steady demand for its master-planned communities and strong visibility over future revenues, the developer is well-positioned to navigate market dynamics and sustain long-term growth in the country’s real estate sector.
