The Board of Directors of Alexandria Mineral Oils Company (AMOC) approved a revised operating budget for fiscal year (FY) 2026, projecting an estimated net profit after tax of approximately EGP 2.099 billion. This updated forecast represents a substantial increase from the previously approved net profit target of EGP 1.024 billion.

The revised budget projects sales of EGP 44.888 billion, representing a 19.17% growth rate over the initially approved target. According to a company disclosure sent to the Egyptian Exchange (EGX), the adjustments reflect stronger projected operating performance.

AMOC expects gross profit to climb to EGP 3.428 billion, up from EGP 1.932 billion, while operating profit is anticipated to reach EGP 2.081 billion compared to the previous estimate of EGP 688.3 million. This surge is supported by steady investment allocations, producing revenues of EGP 415 million, and other stable revenues of EGP 250 million.

In tandem with its operating adjustments, the board approved an updated financial investment plan for FY 2026 totaling  EGP 723.551 million, up from the EGP 580.193 million originally agreed upon. The largest investment allocation is directed toward machinery and equipment, which will absorb EGP 424.837 million.

In Q1 2026, AMOC reported a consolidated net profit of EGP 635.12 million, marking a 37 % increase from its level a year earlier. AMOC’s standalone net profit also rose to EGP 468.13 million in Q1 2026, up from EGP 344.18 million in the corresponding period of 2025.

AMOC, established in 1997 as an Egyptian joint-stock company, specializes in petroleum refining and the production of base oils, paraffin wax, naphtha, butane, and diesel.