Mubasher: Orascom Construction, listed on ADX as well, logged a consolidated backlog, excluding BESIX, amounting to $9.37 billion in the first quarter (Q1) of 2026.
As of 31 March 2026, the consolidated new awards increased by 14.90% year-on-year (YoY) to $1.88 billion, according to the financial results.
The company posted revenue of $1.46 billion in Q1-26, an annual leap of 73.20% from $847.60 million.
Net profit attributable to shareholders of Orascom Construction jumped by 112.70% to $53.40 million in Q1-26 from $25.10 million in Q1-25.
Osama Bishai, CEO of Orascom Construction, said: “While we remain focused on project controls, we continue to monitor potential cost increases in the current uncertain environment. We are also working closely with our clients and are prepared to reassess our cost structure as conditions evolve.”
“We also continue to achieve our geographic diversification targets, with the share of backlog from the US and regional MEA markets increasing from 41% a year ago to 49.50% in Q1-26,” Bishai added.
He indicated: “2026 marks the first full year of operations across our 912.50 MW wind power portfolio in Egypt, while we advance towards financial close on an additional 900 MW wind farm in Egypt and continue progressing EPC activities at Project Wave in Abu Dhabi.”
At the end of 2025, the consolidated net profits of Orascom Construction hit $195 million, compared to $118 million in 2024.
