Palm Hills Developments, a leading real estate developer in Egypt, announced its consolidated financial and operational results for the nine-month period ended September 30, 2025, Invest-Gate reports.

During 9M2025, the Company achieved new sales of EGP 182bn, a 40% YoY increase, supported by strong performance across all regions. Revenues grew 42% YoY to EGP 25.5bn, driven by solid new sales and continued recognition of development backlog.

Gross profit rose 63% YoY to EGP 10.4bn, expanding margins to 41% from 36% in the previous year. EBITDA increased 61% YoY to EGP 6.6bn, reflecting a margin of 26% versus 23% in 9M2024. Cash collections from receivables and new sales grew 40% YoY to EGP 26bn, while construction spending reached EGP 10.5bn, up 71% YoY.

Net profit before tax and minority interest rose 56% YoY to EGP 5.1bn, with net profit after tax at EGP 3.5bn, marking a 50% YoY increase and a 14% margin, compared to 13% last year. As of September 30, 2025, Palm Hills’ backlog of sold but undelivered units reached EGP 225bn, up from EGP 110bn in 9M2024.

Yasseen Mansour, Executive Chairman of Palm Hills Developments, commented: “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 EGP 25.6bn and EGP 3.5bn, 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.”