Elsewedy Electric, Led By Egypt's Billionaire El-sewedy Family, Posts 2.68 Billion In First-half Revenue

Elsewedy Electric grew H1 revenue 20.6 year-on-year to EGP123.8 billion 2.56 billion, led by wires, cables, and engineering segments.

Net profit rose 3.1 year-on-year to EGP8.7 billion 179.6 million, despite softer margins and a 30 jump in SG A expenses.

CEO Ahmed El-Sewedy reaffirmed commitment to expansion strategy, targeting AI integration and new markets across Africa and the Middle East.

Elsewedy Electric, the Cairo-based multinational cable, and electrical equipment manufacturer led by the Egyptian billionaire El-Sewedy family, reported solid financial results for the first half of 2025, delivering double-digit revenue growth despite margin pressure from global headwinds.

The solid performance was driven by broad-based growth across all business segments, reflecting the companys successful execution of its diversified strategy. The Wires, Cables Accessories division remained the top revenue contributor, followed by the Engineering Construction E C Projects segment.

According to its recent release , the company recorded total revenues of EGP123.8 billion 2.56 billion for the six-month period ending June 30, 2025, a 20.63-percent increase from EGP102.6 billion 2.12 billion in the same period last year. Net profit edged up 3.1 percent year-on-year to EGP8.7 billion 179.6 million, reflecting the strength of its diversified operations and disciplined execution.

The topline growth was driven by broad-based growth across all business segments, with the Wires, Cables Accessories division contributing EGP73.9 billion 1.53 billion, up 12.32 percent year-on-year from EGP65.8 billion 1.36 billion, and maintaining its lead as the core revenue generator. Engineering Construction projects saw a 36.1-percent rise to EGP32.8 billion 676.54 million, supported by expanding turnkey operations across Africa and the Middle East.

Revenues for the Digital Solutions segment grew by 23 percent year-on-year, reaching EGP 7.75 billion 160.14 million in H1 2025. This growth was driven by higher volumes in the meters sub-segment and effective pricing strategies, supported by the segments expanding global presence. However, the group's gross profit dropped 10.8 percent to EGP20.25 billion due to a normalization in pricing and margin compression in its flagship wire and cable business.