Middle Egypt Flour Mills grows profit by 5% to US$2.33M despite sector pressures
The profits comes despite headwinds such as currency devaluation, rising energy prices, and higher logistics costs impacting the milling sector.
EGYPT – Middle Egypt Flour Mills Company (CEFM) reported a net profit of US$2.33 million (EGP 111.3 million) for the fiscal period ending May 31, 2025, marking a 5% increase from US$2.22 million (EGP 106 million) recorded during the same period last year, according to a statement from the Egyptian Exchange.
For the period ending April 30, 2025, the listed company on the Egyptian Exchange under the code CEFM.CA achieved a net profit of US$1.96 million (EGP 93.7 million), up from US$1.87 million (EGP 89.3 million), reflecting a growth rate of 3.96%.
Established in 1965, Middle Egypt Flour Mills operates across the grain value chain, manufacturing, trading, importing, fumigating, and distributing grains, flour, pasta, baked goods, and feed, while also investing in real estate and fuel supply stations to diversify income streams.
Egypt, the world’s largest wheat importer, depends on milling companies like CEFM to sustain its bread subsidy programme, which benefits over 70 million Egyptians.
According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt imported approximately 9.5 million tonnes of wheat in 2024 while producing around 8.8 million tonnes locally, underscoring the crucial role of efficient milling operations for national food security and price stability.
The moderate increase in CEFM’s profits comes despite headwinds such as currency devaluation, rising energy prices, and higher logistics costs impacting the milling sector. The Egyptian pound’s depreciation has raised the cost of wheat imports, while adjustments to energy prices have increased operational expenses for millers across the country.
Egypt’s milling sector is currently undergoing reforms, with the Ministry of Supply and Internal Trade enforcing tighter quality controls and improving extraction rates in milling processes to reduce waste and subsidy leaks. These initiatives align with the government’s broader strategy to enhance the efficiency of the bread subsidy programme and encourage private investment in grain storage and logistics infrastructure.
CEFM has maintained steady contracts with the General Authority for Supply Commodities (GASC), ensuring supply stability within Egypt’s strategic food reserves framework.
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