Egypt’s Sharkia National Food posts 222.5% rise in Q1 profit despite lower revenue
Revenue slipped year-on-year as the company continued operations across feed manufacturing and cattle fattening
EGYPT – EGYPT reported a sharp increase in first-quarter earnings for 2026 even as revenue declined during the period, according to financial statements submitted to the Egyptian Exchange (EGX).
The company posted net profit after tax of EGP 940,952 (US$18,819) for the three months ended March 2026, compared with EGP 291,737 (US$5,835) recorded in the corresponding quarter of 2025, representing a 222.53% year-on-year increase.
At the same time, revenue fell to EGP 4.269 million (US$85,380) from EGP 4.736 million (US$94,720) in the same period a year earlier, reflecting a decline in sales despite improved profitability.
Feed and livestock operations
The Egypt-based company operates in feed production and livestock activities, with business lines including poultry feed manufacturing, animal feed processing, and cattle fattening.
In addition, the firm operates separate facilities dedicated to poultry and animal feed production, as well as a farm focused on fattening cattle.
The company is listed on the Egyptian Exchange under the ticker SNFC and remains active in livestock breeding, food processing, and agricultural supply operations in Egypt.
Market performance
As of May 2026, Sharkia National Food had a market capitalisation of about EGP 1.93 billion (US$38.6 million), while its shares were trading at approximately EGP 11.75 (US$0.24).
The company’s trailing twelve-month earnings per share stood at 0.005, according to available market data, while the business has not announced any dividend distributions.
Sharkia National Food, headquartered in Zagazig, also conducts livestock breeding, import and export operations, and food-related processing alongside its core feed manufacturing business.
Technical trading indicators circulating in market reports during May classified the stock as a “strong buy,” although the company itself has not issued any statement regarding investor guidance or future share performance.
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