The Egyptian Chemical Industries Company (KIMA), a listed fertilizer producer, recorded a net profit after tax of approximately EGP 482.7 million during the first quarter (Q1) of the fiscal year (FY) 2025/2026, marking a 1,164.59% leap compared to its level in the same period of the previous year.
The profit surge was driven primarily by higher revenues from sales and foreign currency differences. The company’s operating profit also climbed substantially to EGP 524 million, compared to EGP 71 million a year earlier.
KIMA also increased its urea exports during the quarter to 30,250 tons, up from 22,600 tons in the same period last year.
Looking ahead, KIMA continues to progress with the KIMA 3 project for the production of nitric acid and ammonium nitrate, which is expected to begin operations by 2027. This project aims to support the national economy and enhance fertilizer supply for both domestic and international markets.
In September, KIMA sold 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.
