North Cairo Mills reports 14% decline in 9-month net profit amid revenue dip
Despite the overall decline, North Cairo Mills demonstrated resilience in the first quarter of FY 2024/2025, recording a 42.3% year-on-year increase in net profit
EGYPT – North Cairo Mills Company (EGX: MILS), a subsidiary of Egypt’s state-owned Holding Company for Food Industries, reported a 14.27% year-on-year decline in net profit for the first nine months of fiscal year 2024/2025.
The miller’s earnings fell to EGP 38.171 million (US$1.23 million) from EGP 44.525 million (US$1.43 million) in the same period the previous year.
Sales revenue also decreased, totaling EGP 902.249 million (US$29.1 million) as of March 31, 2025, compared to EGP 966.641 million (US$31.2 million) during the same period in the previous fiscal year.
Earnings per share (EPS) dropped to EGP 2.95 (US$0.095) from EGP 3.7 (US$0.12), reflecting the company’s ongoing challenges in a fluctuating market.
Despite the overall decline, North Cairo Mills demonstrated resilience in the first quarter of FY 2024/2025, recording a 42.3% year-on-year increase in net profit to EGP 10.409 million (US$335,000), up from EGP 7.316 million (US$235,000) in the same quarter of the previous year.
This growth occurred even as revenues slightly dipped to EGP 297.794 million (US$9.6 million) from EGP 299.242 million (US$9.7 million), indicating effective cost management strategies amid rising production expenses.
North Cairo Mills plays a vital role in the nation’s food processing sector. The company specializes in processing, packaging, storing, trading, importing, and distributing various grains and their derivatives. It produces a range of flour products essential to the Egyptian market, including those for subsidized bread production, as well as products for industrial and retail clients.
The company’s performance is part of a broader trend among Egypt’s publicly traded food processing companies, which have managed to post profit increases despite economic headwinds, including currency devaluation and rising costs of imported raw materials.
As of May 5, 2025, North Cairo Mills’ stock was trading at EGP 45.57 (US$1.47) per share, with a market capitalization of approximately EGP 487.60 million (US$15.7 million). The company’s consistent performance and strategic positioning in the market reflect its potential for sustained growth in the coming period.
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