TAQA Arabia, Egypt’s leading energy and utility provider, posted a 65% year‑on‑year (YoY) increase in consolidated net profit to EGP 225 million in the first quarter (Q1) of 2026. Revenues surged 33% over the same period, reaching EGP 7.13 billion.

Revenues rose on the back of a 10% increase in electricity distribution volumes, a 15.5% rise in treated water, and a 155.7% surge in compressed natural gas, as per the release.

TAQA Arabia serves more than 1.8 million customers across Egypt, Africa, and the Middle East, spanning residential, industrial, commercial, and tourism sectors. Over 50 Egyptian cities benefit from its integrated services in electricity, natural gas, petroleum products, renewable energy, and water.

The Company’s petroleum division recorded revenues of EGP 4.546 million in Q1, alone representing about 64% of the group’s total revenues, with annual growth of 37%.

“This performance was driven by higher overall sales volumes, supported by the commissioning of three new stations last year, bringing the total number of operating stations to 72.” Noted the release.

In addition to the fuel stations, TAQA Petroleum has been the sole distributor of Castrol products in the Egyptian market since 2008.

The electricity sector continued to deliver strong results with revenues rising 12% YoY to reach EGP 930.5 million. “This growth was driven primarily by a 10% increase in electricity distribution volumes across residential, commercial, industrial, and tourism customers. The new tariff implemented starting  April 2026, is also expected to have a positive impact on the sector’s financial results in the coming periods.” It added.

Moreover, the gas segment maintained strong momentum with revenues posting a 31% increase compared to the corresponding period of 2025, thanks to the rapid expansion in social housing projects, rising consumption across hotel networks in New Alamein City, and the extension of gas networks under the “Haya Karima” initiative.

The sector also recorded strong results in conversion and connection activities, with 7,671 new customers added.

Regionally, compressed natural gas (CNG) operations in Africa posted notable growth, with revenues rising 39% YoY to EGP 90 million.

In respect to its water segment, the company maintained its expansion momentum during the quarter, with treated water volumes rising by 155.7% YoY. Average daily operating capacity reached 38,850 cubic meters (cm) by the end of the quarter, following the addition of more than 20,000 cm of new production capacity over the past 12 months. The increase was primarily driven by the accelerated commissioning of new projects, TAQA Arabia noted.

The company invests in construction, operation, and maintenance projects, including networks for natural gas distribution and transmission, electricity generation and distribution (both conventional and renewable), petroleum product marketing, and water treatment and desalination. Through its subsidiary “Master Gas,” it also manages a network of compressed natural gas stations and conversion centers, offering services to local customers and expanding into regional markets.