Edita Food Industries Reports 9.1% rise in revenue in Q1 2025
Continuous portfolio optimization has been made possible by the company’s responsive management, guaranteeing resilience in the face of current macroeconomic events.
EGYPT – Edita Food Industries S.A.E., a leading player in Egypt’s packaged snack food market and dual-listed on the Egyptian Exchange (EFID.CA) and London Stock Exchange (EFID.L), has announced its results for the quarter ended 31 March 2025.
The company reports that revenues increased 9.1% year over year (y-o-y) to EGP 4.3 billion (US$86.4M), while net profit for the quarter was EGP 381.0 million (US$7.6M).
The quarter’s top-line results demonstrate Edita’s strategic emphasis on value-driven growth and efficient repricing in reaction to the March 2024 devaluation, which had a favorable effect on gross margins, increasing them from 30.6% in the first quarter of last year to 31.6% this quarter.
Due to reduced inflation and increased cost efficiencies, net profitability increased from quarter to quarter, with the net profit margin increasing to 8.9% from 7.3% in the prior quarter.
The cake segment continued to be the biggest revenue contributor, accounting for 53.7% of total revenue for the quarter and growing 14.3% year over year.
Revenues from wafers and rusks also grew by 11.8% and 13.3% year over year, respectively.
A notable 224.8% year-over-year revenue rise was reported by the biscuits business, which was fuelled by robust volume growth that more than doubled during the quarter.
In terms of geographical expansion, net export sales in the first quarter of 2025 climbed 19.5% year over year to EGP 317.5 million (US$6.3M).
Due to improved production utilization rates and continuous restructuring efforts aimed at maximizing distribution efficiency, Edita Morocco’s revenues increased by 57.9% year over year to EGP 127.4 million (US$2.5M).
Notably, by introducing a new source of income, Edita Morocco is solidifying its standing as an export powerhouse in Africa.
Edita Trade and Distribution made major network expansions during the quarter. The business kept increasing the effectiveness of its main distribution channels, such as wholesale and retail.
Increased emphasis on emerging markets and improved distribution capacities were further facilitated by strategic fleet expansion expenditures.
The e-commerce sector, whose overall sales rose by 68% during the quarter, is another high-growth platform where Edita is expanding its position.
“Following last year’s devaluation, we strategically widened our price range to safeguard profitability. Now, as the market shows signs of stabilization, we are poised to capitalize on recovering consumer demand and increased volumes. In addition to fostering our leading position in the cake and bakery segments, our focus remains steadfast on cultivating new revenue streams, particularly within our nascent wafer, biscuit, candy, and frozen segments, alongside our ongoing regional expansion efforts. We are confident that these initiatives will drive growth and enhance value in the current economic landscape,” said Eng. Hani Berzi, Group CEO.
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