Cairo – Mubasher: The consolidated net profits of GB Corp jumped by 35.10% to EGP 2.42 billion in the first nine months (9M) of 2025 from EGP 1.79 billion in 9M-24.
Total sales revenues amounted to EGP 57.52 billion at the end of September 2025, higher by 62.50% year-on-year (YoY) than EGP 35.40 billion, according to the financial results.
In the third quarter (Q3) of 2025, the net profits after tax increased to EGP 750.50 million from EGP 746 million in Q3-24, while the revenues climbed by 33.60% to EGP 21.67 billion from EGP 16.22 billion.
The CEO stated: “Passenger car registrations in Egypt averaged around 20,000 units per month during the quarter, compared to 17,000 units in the previous period, highlighting the early impact of declining interest rates on consumer activity.”
As of 30 June 2025, the consolidated net profits after tax and minority interest enlarged by 59.60% YoY to EGP 1.67 billion from EGP 1.04 billion.
