Abu Qir Fertilizers and Chemical Industries Company generated EGP 3.91 billion in revenues for the first quarter (Q1) of fiscal year (FY) 2025/2026, according to its unaudited statement disclosed to the Egyptian Stock Exchange. This marked an 8% increase compared to the same period last year, which amounted to EGP 3.62 billion.

The Company’s net profit after tax, excluding the impact of foreign currency translation differences, surged by 49% to EGP 1.72 billion in Q1 of FY 2025/26.  The company’s reported net profit after tax reached EGP 1.31 billion, up from EGP 1.28 billion a year earlier.

Abu Qir Fertilizers attributed the significant increase in net profit primarily to operating the company’s plants at full available capacity. This full capacity operation was achieved following the stability and availability of natural gas supplies. The company also noted benefits from an intensive maintenance plan, efficiency improvements, stronger export prices, cost control measures, and a prudent marketing and sales policy.

The improved Q1 performance follows a challenging period where the company recorded a 31% decline in net profit for the fiscal year ending in June 2025. This decline was a result of a government decision earlier in the year to temporarily halt operations at some factories until natural gas supplies stabilized across the country. During that period, the company focused on maintenance work at three of its factories.