Bonyan continued to strengthen its financial position during the first half of 2026, alongside growth in the value of its real estate investment portfolio, improved cash flows, and lower debt levels, reflecting the company’s continued implementation of its strategy to enhance asset value and improve its financing structure, Invest-Gate reports.

Growth in Real Estate Investments and Assets

The balance of real estate investments increased by 7% during H1 2026 to reach EGP 16.512 billion at the end of June, compared to around EGP 15.488 billion in December 2025, driven by an increase in the fair value of investment properties based on the independent appraiser’s valuation.

This growth came despite the reclassification of a 633-square-meter area in Walk of Cairo from real estate investments to inventory, in preparation for its sale.

The company’s total assets also increased by 8% during the first half of the year, mainly driven by 7% growth in real estate investments, in addition to a 122% increase in inventory as a result of the aforementioned reclassification, and a 40% increase in advances for the purchase of assets, related to the Park Street Edition asset, which has not yet been handed over.

Improved Liquidity and Lower Debt

In terms of liquidity, cash and cash equivalents and financial investments stood at EGP 353 million at the end of H1 2026, supported by a 39% increase in operating cash flows to EGP 310 million.

The growth in operating cash flows was driven by improved rental collections following the repricing of contracts, in addition to proceeds from the sale of units at Walk of Cairo.

Meanwhile, cash outflows from investing activities decreased by 28% year-on-year to EGP 105 million, reflecting lower payments related to the acquisition of the Golden Gate asset.

Total loans also declined from EGP 982 million to EGP 874 million during the first half, bringing the debt-to-equity ratio to 5.3%, while bank loans accounted for around 4.8% of total asset value.

The decline in indebtedness reflects the company’s continued repayment of outstanding loan balances, in line with its strategy to reduce borrowing levels amid a high interest rate environment, alongside growth in the fair value of real estate investments and expansion of its asset base.

Growth in Equity and Operating Performance

Total equity also increased by 7% during the first half, mainly driven by growth in retained earnings, which increased from EGP 9.823 billion in December 2025 to EGP 10.665 billion in June 2026.

Following the end of the period, the company used EGP 200 million from retained earnings to issue bonus shares at a ratio of one share for every ten shares, on August 6, 2026, reflecting the company’s continued efforts to enhance shareholder value.

The stronger financial position was accompanied by improved operating performance, with recurring net profit increasing by 115% to EGP 111 million and rental income rising by 17% to EGP 402 million, while revenue from the sale of commercial units surged by 490% to EGP 203 million during H1 2026.