TMG Holding’s Profit Grows by 7% in Early 2025, Reaching $88.2 Million Thanks to Strong Property Sales
TMG Holding, a company based in Egypt, said its net profit went up by 7% compared to the same time last year. It made \$88.2 million (or EGP 4.4 billion) in profit during the first quarter of 2025. This increase was mainly due to strong real estate sales, according to a report shared on Sunday on the Egyptian Stock Exchange.
First-Quarter Results
TMG Holding’s total revenue increased by 39% compared to the same period last year, reaching $188.2 million (EGP 9.43 billion) in the first quarter of 2025. The company credits this growth to its leadership team using new and creative strategies.
TMG reported real estate sales of $1.5 billion (EGP 77.2 billion), which is 25% higher than last year. This growth happened without launching any new projects—they instead improved sales and prices in their existing properties.
The hotel business also did well, with revenue going up by 50% to $69.8 million (EGP 3.5 billion). Income from regular services and operations more than doubled, reaching $41.9 million (EGP 2.1 billion), a 116% increase from the previous year.
TMG’s total sales that haven’t been delivered yet (called the sales backlog) reached $6.9 billion (EGP 350 billion), 94% higher than last year. This increase came from strong new sales during the past year.
If we look at the parent company alone (without its subsidiaries), TMG earned a net profit of $4.3 million (EGP 216.7 million), which is 4.8% more than last year.
SouthMED Project – Second Phase
On May 4, TMG launched the second phase of its SouthMED project. It recorded $1.4 billion (EGP 70 billion) in sales on the first day, doing better than the first phase launched in 2024.
By May 7, total real estate sales for 2025 had reached $3.2 billion (EGP 160 billion).
Expanding Land Holdings
In another update, TMG said it is focused on buying more land and expanding in the region. The company is in final talks for a large project in Iraq that will cover about 14 million square meters.
This is part of a larger expansion plan that started in 2024, including moves into Saudi Arabia and Egypt’s North Coast. TMG is also looking at more opportunities in the Gulf and the Middle East to boost profits and earn more in foreign currencies.
Published: 21th May 2025
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