Cairo - Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted 26.76% year-on-year (YoY) lower consolidated net profits after tax at EGP 471.50 million, compared to EGP 643.80 million.
Basic and diluted earnings per share (EPS) dropped to EGP 2.44 in H1-25 from EGP 3.57 in the same period a year earlier, according to the financial statements.
As of 30 June 2025, the company generated revenues from contracts with customers amounting to EGP 3.38 billion, an annual surge of 21.27% from EGP 2.79 billion.
Standalone Results
During the January-June 2025 period, ICON reported EGP 52.30 million in non-consolidated net profits after tax, versus net losses valued at EGP 11.11 million in H1-24.
Meanwhile, the standalone revenues from contracts with customers declined to EGP 66.89 million in the first six months (6M) of 2025 from EGP 68.17 million in H1-24.
Basic and diluted EPS hit EGP 0.35 in H1-25, against a loss per share worth EGP 0.07 in H1-24.
Financials for Q2-25
In the second quarter (Q2) of 2025, the company’s consolidated net profits after tax reached EGP 247.08 million, an annual hike from EGP 194.72 million in Q2-24.
Revenues from contracts with customers jumped to EGP 1.76 billion in April-June 2025 from EGP 1.51 billion in Q2-24, while the basic and diluted EPS climbed to EGP 1.28 from EGP 1.09.
During the three-month period that ended on 30 June 2025, ICON shifted to standalone net losses after tax valued at EGP 6.49 million, compared to net profits of EGP 3.19 million in Q2-24.
Non-consolidated revenues from contracts with customers plummeted to EGP 794,816 in Q2-25 when compared to EGP 15.98 million in Q2-24.
As of 31 March 2025, the EGX-listed company recorded consolidated net profits after tax of EGP 224.42 million, down YoY from EGP 449.08 million.
