Abu Qir Fertilizers targets US$184M pre-tax profit in 2026 budget
The EGX-listed fertilizer producer expects to generate EGP 8.83 billion (US$ 184 million) in pre-tax profits during the twelve-month period ending 31 December 2026.
EGYPT – Abu Qir Fertilizers and Chemical Industries Company has approved its financial budget for the 2026 calendar year, setting a target of US$ 184 million in net profit before tax, according to a filing to the Egyptian Exchange (EGX).
Abu Qir Fertilizers remains one of Egypt’s largest producers of nitrogen fertilizers, manufacturing urea, ammonia, ammonium nitrate, ammonium sulfate and NPK products for domestic and export markets.
The budget was approved by the board during its meeting held on 30 December 2025, marking a key planning milestone as the company completes its transition to a calendar-year reporting cycle.
Under the approved plan, the EGX-listed fertilizer producer expects to generate EGP 8.83 billion (US$ 184 million) in pre-tax profits during the twelve-month period ending 31 December 2026.
Total revenues are projected at EGP 26.16 billion (US$ 546 million), while total expenses are budgeted at EGP 17.32 billion (US$ 362 million). The figures point to a controlled cost structure and a focus on restoring margin strength following earnings pressure in the previous fiscal year.
The 2026 budget is the first to be fully prepared under Abu Qir Fertilizers’ revised fiscal year structure.
At an extraordinary general meeting held on 27 September 2025, shareholders approved a change in the company’s financial year to run from 1 January to 31 December, replacing the long-standing July–June cycle.
The shift aligns the company’s reporting with the calendar year used by most listed peers and international fertilizer producers, improving comparability for investors and analysts.
Recent financial performance provides context for the 2026 outlook. In the first quarter of fiscal year 2025/2026, Abu Qir Fertilizers reported a 1.98% year-on-year increase in net profit after tax to EGP 1.30 billion (US$ 27 million), compared with EGP 1.28 billion in the corresponding quarter ended 30 September 2024.
The modest growth reflected early recovery following operational constraints experienced earlier in the year.
The company’s results for FY 2024/2025 were affected by broader challenges facing Egypt’s fertilizer sector, particularly disruptions in natural gas supply, a critical input for nitrogen fertilizer production.
Abu Qir Fertilizers reported lower annual net profits despite higher revenues, as intermittent feedstock availability led to plant stoppages and higher operating costs.
Management responded by prioritising maintenance, efficiency improvements, and maximising output during periods of stable gas supply.
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