Pioneers for Real Estate Development – PRE GROUP, a leading company operating in real estate development and contracting, established as a result of the horizontal split of Pioneers Holding into three companies in October 2021, announces its consolidated results for the financial period ended June 30, 2026, Invest-Gate reports.
During the first half of 2026, the company achieved revenues of EGP 3.87 billion. The company recorded a net profit of EGP 838 million before deducting minority interests, while total assets reached EGP 75.2 billion as of 30/06/2026, compared to EGP 68 billion at the end of last year. Total equity reached EGP 14.4 billion, compared to EGP 13.6 billion in 2025.
The real estate unit sales activity contributed 48% of the company’s total revenues as of June 30, 2026, compared to 57% during the first half of 2025, while the contracting activity generated 46% of revenues. Rental revenues contributed about 5%.
The company achieved good profitability rates during this period, with a gross profit margin of 43% and earnings of EGP 0.5 per share.
Contracted Sales
During the first half of 2026, the company successfully achieved contracted sales of approximately EGP 21.2 billion across its various projects, whether inside Greater Cairo or in coastal projects, compared to a total of EGP 13.7 billion during the same period last year.
Management Comment on Business Results
PRE GROUP achieved positive business results during the first half of 2026, as the company’s revenues increased to EGP 3.87 billion, achieving growth of about 18% compared to the first half of 2025. The company continues to implement its strategy aimed at achieving sustainable growth, by focusing on the quality and diversity of its project portfolio, while maintaining the strength of its financial position and discipline in managing its resources, supporting its ability to implement its future plans and meet its commitments.
Focus on Market Needs and Customer Trust
In light of the continuous developments and changes taking place in the Egyptian real estate market, PRE GROUP continues to focus on developing projects that meet market needs and maintain customers’ investment value. The company is driven by a strong belief that its success is directly linked to the trust of its customers, which drives it to continue raising quality and commitment levels, not only through developing distinguished projects, but also by maintaining regular execution rates and accelerating delivery processes according to the targeted plans, reflecting the company’s commitment to its promises and strengthening the trust it has built with its customers over the years.
Delivery of HADABA Project
During the first half of 2026, the company successfully delivered the HADABA project, one of its distinguished projects in West Cairo, which enjoys an exceptional location and distinctive views of the Giza Pyramids. The delivery of the project represents an important step in the company’s journey toward providing integrated residential communities that combine distinctive design, quality execution, and green spaces, providing an integrated residential experience that meets customers’ aspirations.
Launch of New Real Estate Products
As part of PRE GROUP’s direction to diversify its real estate product portfolio and maximize the benefit from its existing projects, the company is preparing to launch a number of new offerings within its current projects, including its coastal projects, benefiting from the increasing demand for real estate products with a tourism and investment nature.
Strengthening the Hospitality Component
At the same time, PRE GROUP continues to work on strengthening the hospitality component within its projects, by developing cooperation opportunities with a number of global hotel brands, contributing to improving the added value of the destinations it develops, especially in coastal areas that enjoy increasing tourism and investment appeal. This direction comes as part of the company’s vision to develop integrated destinations that combine residential, hospitality, services, and entertainment, enhancing the attractiveness of its projects and supporting its ability to create sustainable value in the long term.
Growth in the Contracting Sector
As for the contracting sector, it continued to achieve good growth rates, as the volume of ongoing work increased to about EGP 13.7 billion during the first half of 2026, compared to about EGP 11 billion during the same period of the previous year. This growth reflects the company’s success in diversifying its revenue sources and strengthening integration between its different activities, supporting the group’s sustainable growth and allowing it to benefit from available opportunities across different market sectors.
Continuing to Implement Growth Plans
PRE GROUP continues to implement its plans with confidence, supported by a strong project portfolio, a clear growth vision, and a balanced approach that combines taking advantage of opportunities with maintaining financial discipline. During the coming phase, the company will focus on continuing to improve execution and delivery rates, diversifying its products, and maximizing value from its project portfolio, strengthening its ability to achieve results that reflect its true potential and support the aspirations of its shareholders.