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CAIRO - Egyptian snack food maker Edita Food Industries (EGX:EFID.CA) reported a 22.2% year-on-year increase in second-quarter revenue to EGP 5.0 billion, while net profit surged 72.1% to EGP 539.0 million, according to a press release statement.
The company’s growth was primarily driven by portfolio optimization and price increases, with the average price per pack rising 38.4% year-on-year to EGP 5.48, offsetting an 11.7% decline in total packs sold during the quarter.
Gross profit increased 40.6% to EGP 1.6 billion, with gross margin expanding to 33.2% from 28.8% in the same period last year. EBITDA rose 45.8% to EGP 902.0 million, yielding an 18.2% margin compared to 15.2% in 2Q2024.
The cake segment remained Edita’s largest revenue contributor at EGP 2.6 billion, up 22.6% year-on-year, followed by bakery at EGP 1.4 billion, up 20.9%. Rusks posted the strongest growth at 67.1%, reaching EGP 269.1 million in revenue.
For the first half of 2025, Edita reported a 15.7% increase in revenue to EGP 9.2 billion, with net profit up 22.7% to EGP 920.0 million.
The company noted quarter-on-quarter volume recovery across segments, with bakery and rusks posting increases of 47.6% and 34.5% respectively compared to the first quarter.
Edita Morocco recorded EGP 153.8 million in revenue for the quarter, up 44.3% year-on-year, while net export sales increased 47.7% to EGP 451.0 million.
The company’s cash balance stood at EGP 3.4 billion as of June 30, 2025, with total loans and borrowings at EGP 3.8 billion.
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