The Egyptian Company for Mineral Resources (ECMR) recorded a net profit of EGP 1.2 billion for the 2024/2025 fiscal year (FY), representing a 178% increase over its target and a 102% rise over the previous year’s results.
These figures were revealed by Chairman Amr Eliwa during the general assembly meeting, chaired by Karim Badawi, Minister of Petroleum and Mineral Resources, via video conference, to approve the company’s financial results.
The company generated sales of EGP 2 billion, marking a 79% increase over the target and a 39% year-on-year (YoY) increase, reaching EGP 1.4 billion.
On the marketing front, the company surpassed its target by 30%, marketing 621,000 tons of minerals valued at EGP 1.3 billion.
In terms of exploration, Eliwa said that ECMR succeeded in confirming estimated reserves of 200,000 tons of phosphate ore with phosphorus oxide concentrations ranging between 24% and 28%, in the El-Sibaiya East (4 and 5) mines and the Abaza-1 mine. He also noted that over 5,000 meters were drilled in Wadi El-Shaghab, yielding promising initial results.
Eliwa reviewed the company’s performance, explaining that specific goals have been set to raise production levels from various mines across the country, increase the added value of mineral raw materials, and achieve the optimal efficiency to meet the needs of the local market in many industries, such as fertilizers, ceramics, paints, and mining industries.
He highlighted that the company produced 581,000 tons of finished mineral products, with phosphate accounting for 76%. The remaining production included zinc, kaolin, feldspar, manganese, and iron oxide, sourced from across the Eastern Desert, the Red Sea, and Southern Egypt.
As part of its drive to optimize resource utilization and reduce costs, EMCR is exploring expanding the use of solar energy at its work sites, according to the petroleum ministry’s statement.
ECMR, owned by the Mineral Resources and Mining Industries Authority (MRMIA), affiliated to the petroleum ministry, was established in 2003 to achieve the optimal exploitation of the Egyptian mineral ores, and provide investment opportunities in the field of mining activity by promotion inside and outside Egypt.
