Palm Hills Financial Results | New Sales Rise 40% While Execution Obligations Pressure Cash Flow

Palm Hills Developments S.A.E. (“Palm Hills” or “the Company”), a leading real estate developer in Egypt, announces its consolidated financial and operating results for the financial period ended September 30, 2025.
9M2025 Key Highlights:
New sales amounted to EGP182 billion in 9M2025, up by 40% YoY, driven by solid sales across all regions.
Revenue increased by 42% YoY to record EGP25.5 billion in 9M2025, driven by successful strong new sales, and ongoing recognition of development revenue backlog.
Gross Profit grew by 63% YoY to reach EGP 10.4 billion during the period, implying margin expansion to 41% compared to 36% in 9M2024.
EBITDA expanded 61% to EGP6.6 billion compared to EGP4.1 billion in 9M2024, implying an EBITDA margin of 26% versus 23% a year earlier.
Cash collection from receivables and new sales grew by 40% YoY to EGP26 billion in 9M2025.
Construction spending increased by 71% YoY to record EGP 10.5 billion in 9M2025.
Nine-month net profit before tax and minority up 56% YoY to EGP5.1 billion, while net profit after tax reached EGP3.5 billion, an increase of 50% YoY, with a Net Profit margin of 14% compared to 13% in 9M2024.
As of September 30, 2025, the company’s backlog of units sold and not yet delivered reached EGP225 billion compared to EGP110 billion in 9M2024.
Yasseen Mansour, Executive Chairman, comments: “Palm Hills Developments demonstrated exceptional growth momentum in 2025, maintain its highest-ever figures across all fronts. This impressive performance was largely driven by strong performance across all regions, with a growth in sales of 40% which demonstrates the strength of Palm Hills. Building on sales strength and company’s strong backlog, the company delivered another robust financial performance, with revenues and net profit for the nine-month EGP25.6 billion and EGP3.5 billion, respectively, a year-on-year growth of 42.2% and 50.6%. Palm Hills not only surpassed its full year performance but also reinforced its ability to sustain growth and deliver consistent results.

For the remainder of the year and into early 2026, we remain confident in Egypt’s real estate market’s durability and resilience. The company’s strategy focus is directed toward expanding and developing existing portfolio and our newly acquired land in Egypt and UAE, which will further enhance the projects’ portfolio and long-term value”.