Cairo - Mubasher: Sixth of October for Development and Investment Company (SODIC) delivered consolidated net profits after tax worth EGP 299.26 million in the first quarter (Q1) of 2026.
The Q1-26 results were lower than EGP 953.31 million in the same period a year earlier, according to the financial results.
Meanwhile, the earnings per share (EPS) retreated to EGP 0.23 in Q1-26 from EGP 0.74 in Q1-25.
Consolidated total operating revenues stood at EGP 2.13 billion in January-March 2026, lower year-on-year (YoY) than EGP 2.75 billion.
Moreover, the total assets increased to EGP 96.35 billion as of 31 March 2026 when compared to EGP 89.88 billion as of 31 December 2025.
Standalone Results
The real estate developer generated YoY lower non-consolidated net profits after tax at EGP 279.81 million in Q1-26, compared to EGP 516.39 million.
Standalone operating revenues hiked YoY to EGP 1.86 billion at the end of March 2026 from EGP 1.43 billion. The EPS decreased to EGP 0.22 from EGP 0.40.
In Q1-26, the non-consolidated total assets stood at EGP 95.58 billion, compared with EGP 89.09 billion at the end of 2025.
During 2025, SODIC recorded higher consolidated net profits after tax and non-controlling interests at EGP 4.49 billion, compared to EGP 2.53 billion in 2024.
