Abu Qir Fertilizers and Chemical Industries reported an 119% year-on-year (YoY) surge in net profit after tax for the first half (H1) of fiscal year (FY) 2025/26, reaching EGP 10.01 billion, according to its unaudited financial statements submitted to the Egyptian Stock Exchange (EGX).

The improvement came on the back of an 86% YoY hike in revenues to EGP 23.52 billion. Meanwhile, gross profit over the same period more than doubled to EGP 12.97 billion from EGP 6.04 billion in H1 FY 2024/25.

The company’s financial performance reflects uninterrupted operations across its production units, underpinned by stable natural gas supplies and output exceeding plan by 23%.  Export volumes expanded 31%, lifting export revenues by 97% through entry into new international markets and higher average selling prices across both domestic and overseas markets.

During the reporting period, Abu Qir completed the Ammonia Converter Revamp Project at its Abu Qir (1) plant, which included replacing the ammonia transfer line. The project increased ammonia production capacity by 200 tons per day and urea production capacity by 210 tons per day, while rationalizing natural gas consumption.

Looking ahead, the full financial impact of newly introduced export duties on nitrogen fertilizers and recent amendments to the natural gas pricing formula will be reflected in upcoming financial results, according to the disclosure sent to the EGX.  Established in 1976, Abu Qir Fertilizers is one of Egypt’s largest producers of nitrogen fertilizers.

In Q1 2026, Abu Qir Fertilizers recorded a 102% Y0Y increase in net profit after tax to EGP 5.633 billion.