Talaat Mostafa Group (“TMG”, or the “Group”, TMGH.CA/TMGH.EY on the EGX), Egypt’s largest publicly listed developer and manager of integrated communities and hospitality destinations, today reported consolidated full-year revenues of EGP 62.5 billion for the fiscal year ended 31 December 2025, up 46% YoY, supported by strong residential deliveries momentum, the continued expansion of its hospitality platform and accelerating growth in other recurring income streams, Invest-Gate reports.

Consolidated net profit after tax surged 43% YoY to EGP 18.2 billion, reflecting sustained operational strength, margin discipline, and increasing hard-currency contribution during the year.

FY25 Key Financial Highlights

Real estate revenues of EGP 36.7 billion, up 50% YoY, with growth supported by accelerated deliveries across Madinaty, Al Rehab and Celia in Egypt, alongside the initial revenue recognition from the KSA-based Banan, TMG’s first project in Saudi Arabia, totalling EGP 6.5 billion in FY 2025 and recognized under the percentage-of-completion method.

Contracted sales of EGP 382.2 billion in FY25, reflecting sustained demand at SouthMed, Madinaty and Banan (KSA), and supported by recent launches including Sharm Bay in Egypt, and Jood and Yamal in Oman which generated a combined EGP 2.1 billion within one month of launch in December 2025.

It is worth noting that the year-on-year decline in contracted sales reflects the exceptional performance in 2024, driven by the devaluation and inflationary environment that accelerated purchases, with FY25 sales normalizing in line with the Group’s long-term growth trajectory.

Hospitality revenues of EGP 14.9 billion, increasing 30% YoY, with robust operating performance across the Group’s premium hotels, higher occupancy rates, and increasing average daily rates, coupled with improved operations at Legacy Hospitality, acquired in 2024, which comprises seven historic landmark hotels in Egypt.

Other recurring revenue growth of 64% YoY to EGP 10.9 billion, driven by steady expansion in commercial leasing, robust growth in sporting club operations and solid performance across ancillary community services.

Surging hospitality revenues and other recurring income streams drove total recurring revenues to EGP 25.8 billion, representing 42% of consolidated revenues, reinforcing earnings stability and foreign-currency cash generation.

Gross Profit of EGP 20.9 billion, with GP margin up by 0.6 pp YoY to 33.4%, reflecting the Group’s ability to sustain strong operating leverage, disciplined cost control, and a rising contribution from high-margin recurring income streams.

Robust net profit and EPS growth of 43%, underpinned by solid operational execution, expanding recurring income, and higher financing income.
Strong liquidity and conservative capital structure, with cash and equivalents of EGP 73.9 billion, and total debt of EGP 11.8 billion (72% of which is related to the expansion of the hospitality platform), resulting in a net cash position of EGP 62.1 billion providing substantial financial flexibility to fund growth and manage market volatility.

FY25 Key Operational Highlights

Strong construction execution and delivery momentum, with 3,196 units delivered across three projects, including Madinaty, Al Rehab and Celia, while Noor is expected to begin deliveries during the second half of 2026, further supporting revenue recognition and margin expansion.

Accelerated regional expansion and platform development, with continued progress across Banan (KSA), and Jood & Yamal (Oman), leveraging the same self-financing off-plan sales model used in Egypt, supporting landbank expansion, geographic diversification, and hard-currency revenue generation.

Successful launch of Sharm Bay, TMG’s landmark mixed-use destination in Sharm El Sheikh, recording FY25 sales of EGP 11.0 billion since its launch in December 2025, underpinning medium-term growth visibility and expansion into high-potential coastal markets, building on the success and unprecedented demand recorded for SouthMed.

Backlog build-up to EGP 441.2 billion, up 50% YoY, providing multi-year revenue visibility and positioning the Group to double annual real estate revenues over the coming five years.

Significant scaling of the hospitality platform, driven by the uplift of the recently integrated 7-hotel Legacy portfolio, sustained growth across existing hotels, and continued construction progress at Four Seasons Luxor, Four Seasons Madinaty, and the Marsa Alam resort, set to open in 2026-2027, bringing total keys to 4,500 and reinforcing the Group’s presence across Egypt’s top tourist destinations.

Announced a new 495-key Four Seasons hotel and luxury mixed-use development on 42.4 feddans adjacent to the Grand Egyptian Museum, featuring restaurants, commercial areas, branded residences, offices, and a world-class entertainment district, with a total investment of USD 788 million and expected annual net income of USD 100 million.

Strategic partnership signed with Egypt Education Platform (EEP)—the nation’s largest and fastest-growing education provider—to establish a private university within Noor.

Strategic partnership signed with Mandarin Oriental to manage TMG’s landmark Winter Palace Luxor and Old Cataract Aswan hotels, with reopening under the brand targeted for 2027 following restoration.

Dividend Announcement

The Board of Directors approved a cash dividend of EGP 0.30 per share, to be paid in two equal installments: the first by the end of May and the second by the end of July 2026.

CEO Commentary

Hisham Talaat Moustafa, CEO and Managing Director of TMG, said:
“FY25 was a milestone year for TMG, with total revenues surging 46% year-on-year, reflecting disciplined execution across our real estate portfolio, accelerating momentum in hospitality, and the continued scaling of our recurring income platforms.

We achieved contracted sales of EGP 382.2 billion, supported by the launches of Sharm Bay and Oman-based Jood and Yamal coming in toward the end of the year, and a material backlog of existing projects totaling EGP 441.2 billion, underscoring the strength of our brand, the resilience of end-user demand, and the depth of our existing project pipeline.

Our hospitality platform continued to outperform and drive foreign-currency cash generation, supported by robust operating metrics, portfolio expansion, and strategic partnerships with leading global operators, while our growing base of recurring revenues further enhanced earnings visibility and stability. Backed by a strong balance sheet, ample liquidity, and a high-quality landbank, we remain well positioned to deliver sustained growth, expand regionally, and execute on our long-term strategy, as we continue to create long-term value for our shareholders.”