GSSC reports 32% surge in annual profits, reinforces role in Egypt’s grain logistics sector
GSSC has offered a cautious outlook for the upcoming fiscal year, projecting a 37.9% drop in profits amid expected market volatility.
EGYPT – The General Company for Silos and Storage (GSSC), a legacy player in Egypt’s agri-logistics and grain handling sector, has reported robust unaudited financial results for the fiscal year ending June 30, 2025, showcasing its continued operational resilience and strategic positioning.
The state-affiliated company posted a net profit of EGP 271.594 million (US$ 9.1 million), marking a 31.83% increase from EGP 206.020 million recorded in the previous fiscal year. The performance underscores improved efficiencies and stronger margins in its core businesses amid a volatile global grains market.
Founded in 1888, GSSC is among Egypt’s oldest and most diversified grain logistics companies. Its extensive operations include the import, export, and domestic storage of cereals and animal feed, as well as fumigation, packaging, and handling of foodstuffs.
Beyond logistics, the company is also involved in customs clearance, spare parts manufacturing, and has interests in real estate and tourism-related infrastructure projects, all of which support and supplement its agri-logistics activities.
GSSC’s financial gains come at a time of growing investor interest in Egypt’s food logistics infrastructure, with food security remaining a national priority. The company’s shares reflected this sentiment, soaring by over 86% during the second quarter of 2025, according to Egyptian Exchange data and market analysts.
The sharp rise is attributed to the company’s consistent dividend record, improved profitability, and strategic presence across Egypt’s critical port cities, including Alexandria, Damietta, Suez, and Port Said.
Despite its strong year-end performance, GSSC has offered a cautious outlook for the upcoming fiscal year, projecting a profit of EGP 168.8 million (US$ 5.7 million). This represents a 37.9% decline compared to the EGP 271.6 million (US$ 9.1 million) reported in FY 2024/2025, reflecting management’s conservative stance amid expected market volatility and shifting global commodity dynamics.
The downward revision is attributed to potential disruptions in global commodity markets and foreign exchange volatility, factors that could impact grain import costs and operating margins.
However, with high return-on-equity indicators and a solid asset base across key port cities such as Alexandria, Damietta, Suez, and Port Said, the company appears well positioned to maintain its leadership in grain handling and strategic storage across Egypt.
Sign up to HERE receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
