Cairo – Mubasher: TAQA Arabia witnessed an annual growth in its consolidated net profits in 2024 after reaching EGP 789.91 million compared to EGP 641.49 million.
The basic and diluted earnings per share (EPS) rose to EGP 0.51 in 2024 from EGP 0.41 in 2023, according to the consolidated income statements.
The company generated revenue worth EGP 18.90 billion in 2024, a 40% surge from EGP 13.46 billion in the previous year.
As of 31 December 2024, the total assets amounted to EGP 18.45 billion, which signalled an increase from EGP 17.34 billion in the same period a year ago.
Non-Consolidated Business
As for the standalone income statements of TAQA Arabia for 2024, the net profits after income tax stood at EGP 578 million compared to EGP 186.75 million in 2023.
The EPS jumped to EGP 0.42 last year from EGP 0.13 in 2023.
Meanwhile, the non-consolidated revenue hit EGP 716.67 million as of 31 December 2024, marking a growth from EGP 376.93 million in the same period a year earlier.
The standalone total assets of TAQA Arabia increased to EGP 4.23 billion in 2024 from EGP 4.20 billion in 2023.
It is worth noting that during the first nine months (9M) of 2024, the listed company achieved consolidated net profits after tax of EGP 424.87 million and revenue worth EGP 13.12 billion.
