Elsewedy Electric, the Cairo-based multinational cable and electrical equipment manufacturer led by the Egyptian billionaire El-Sewedy family, reported slightly lower profit for the first nine months of 2025 as global cost pressures and foreign-exchange challenges weighed on margins, even as sales climbed to record levels.
For the period ended Sept. 30 , the companys unaudited net profit slipped to EGP 14.13 billion 298.5 million from EGP14.35 billion 303.2 million a year earlier. Revenue, however, rose 21 percent to EGP199.71 billion 4.22 billion compared with EGP164.82 billion 3.48 billion in the same period of 2024.
Net income declined 4.4 percent to EGP12.67 billion 267.7 million, pulling basic earnings per share down to EGP5.13 0.11 from EGP5.49 0.12. Gross profit rose to EGP30 billion 633.6 million, giving the company a margin of about 15 percent.