Abu Qir Fertilizers and Chemical Industries posted a 31% decline in its net profit for the fiscal year ending in June 2025 compared to the previous year to settle at EGP  9.34 million, according to a statement sent by the company to the  Egyptian  stock exchange.

The company’s unaudited results included an amendment in the classification of expenses accrued due to the temporary closure of the company’s facilities. While the statement didn’t mention the reasons for the shutdown, it is most probably related to the period when the government stopped natural gas supplies to fertiliser factories due to a shortage in gas imports.

Other amendments are related  to “retrospective adjustments to account for certain investments under the equity method for prior years.”

The company’s total sales for the year ending June 30 were EGP 22.91 billion, marking a 24% increase over the previous fiscal year.

The company also generated about EGP 3 billion in cash flows from operating activities, compared to EGP 1 billion during the same period last year.

Abu Qir Fertilizers and Chemical Industries is one of the major producers of nitrogenous fertilizer in the Middle East and the world. It is also the largest producer of Nitrogen fertilizers in Egypt, exporting different kinds of fertilizers to 40 markets.