In a disclosure to the stock exchange, The Egyptian Chemical Industries Company (KIMA), a state-owned listed fertilizer producer, has highlighted the progress achieved in its Kima3-ANNA project to establish a new nitric acid production unit with a capacity of 600 tons per day. It also boasted the developments in its environment-friendly ammonium nitrate unit, which has a capacity of 800 tons per day and “represents a qualitative addition to supporting the national economy and enhancing environmental compliance,” noted the disclosure.
During the year, the company rehabilitated the ferrosilicon plant, which had been suspended since March 2019. The development included converting the furnace to produce silicomanganese alloy instead of ferrosilicon alloy, in addition to equipping it with an advanced filter unit to reduce emissions and protect the environment.
Also, in September 2024, KIMA entered into a partnership with the private sector’s True East Mining Company to operate and manage the silicomanganese alloy production plant, as part of maximizing the utilization of the company’s assets.
The disclosure came to announce KIMA’s financial results for the fiscal year (FY) 2024/25. The company posted record revenues of EGP 8.6 billion in FY 2024/25, the highest since the company started operation, compared to EGP 6.532 billion in the previous FY.
Meanwhile, the figures showed a decline in KIMA’s net profit after taxes during the same year, reaching EGP2.538 billion, compared to EGP 927 million in FY 2023/24.
The company attributed the decline to the fact that the fiscal year was ” an exceptional year filled with challenges and difficulties”, noted the disclosure, adding that “nevertheless, the company succeeded in delivering strong performance and record-breaking results.
In September 2025, the company announced the sale of its 2.7% stake in Abu Qir Fertilizers and Chemical Industries Company to the Chemical Industries Holding Company (CIHC) to optimize its financial liquidity and handle operational expenses.
