Real estate developer logs 107.5% YoY profit growth, fueled by strong project deliveries and resilient sales momentum
Egyptian real estate giant SODIC has delivered a bumper set of numbers for the first half of 2025, more than doubling its net profits from the same period last year. The Sixth of October Development and Investment Company reported a 107.5% surge in consolidated profits, powered by robust revenues and steady performance across its residential and mixed-use projects.
The company, which has a long-standing presence in Cairo’s suburbs and along the North Coast, posted EGP 1.297 billion in consolidated net profit for the six months ended June—up sharply from EGP 625.5 million a year earlier.
Revenue Momentum Stays Strong Across Projects
Total operating revenues reached EGP 4.779 billion in H1 2025, marking a year-on-year increase of around 21.5%. That’s a solid uptick from the EGP 3.935 billion SODIC posted in the first half of 2024.
This jump suggests strong construction progress and handover activity, even as Egypt’s broader real estate market deals with inflationary pressure and currency volatility.
SODIC has leaned on its diversified land bank and premium project pipeline to keep revenues flowing. In Cairo alone, its developments in Eastown, Westown, and Villette continue to see strong buyer interest.
For a company navigating a tight macro backdrop, these numbers are nothing short of impressive.
Standalone Profits Multiply Eightfold
Perhaps more eye-catching than the consolidated figures were SODIC’s standalone earnings.
Net profit after tax on a standalone basis came in at EGP 390.1 million, up from just EGP 45.8 million a year ago. That’s an increase of over 750% in twelve months.
Now that’s not a typo. The standalone profits have ballooned.
Standalone operating revenues also saw a strong climb, hitting EGP 2.171 billion versus EGP 1.486 billion in the same period last year.
This suggests SODIC’s core Egyptian operations—not just its consolidated entities or JVs—are picking up serious traction.
Profit and Revenue Snapshot (YoY)
Here’s a side-by-side comparison of SODIC’s H1 financials:
| Metric | H1 2025 | H1 2024 | YoY % Change |
|---|---|---|---|
| Consolidated Net Profit (EGP) | 1.297 billion | 625.5 million | +107.48% |
| Total Operating Revenues (EGP) | 4.779 billion | 3.935 billion | +21.5% |
| Standalone Net Profit (EGP) | 390.1 million | 45.9 million | +750.3% |
| Standalone Operating Revenues (EGP) | 2.171 billion | 1.486 billion | +46% |
The numbers speak volumes. The company isn’t just maintaining performance—it’s scaling rapidly.
SODIC’s Strategy: Location, Scale, Execution
So what’s driving these figures?
A big part of SODIC’s success lies in its diversified portfolio. From Cairo’s high-income residential areas to Egypt’s growing North Coast second-home market, the firm has positioned itself well.
It also helps that SODIC has kept a tight focus on execution timelines and handover commitments, two areas where real estate developers often fall short. Delays haven’t been a major issue here.
More importantly, the company has avoided overexposure to debt—a concern for many developers in inflation-hit emerging markets.
One thing that continues to work in SODIC’s favor:
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Egypt’s growing population and urban migration patterns have ensured constant demand for mixed-use and residential projects, especially in satellite cities like New Cairo and Sheikh Zayed.
Market Context: Currency Pressures, Housing Demand
Egypt’s broader economic backdrop remains challenging.
The Egyptian pound has seen multiple rounds of devaluation over the past two years, while inflation remains high—especially for imported construction materials. Yet, the country’s housing demand hasn’t cooled off dramatically.
That’s partly due to cultural factors (home ownership remains aspirational and central to financial security) and partly due to lack of alternative investment channels.
For SODIC, this means opportunity.
By focusing on value-driven housing and premium lifestyle communities, the developer has created a buffer against wider market shocks. So far, that bet seems to be paying off.
What’s Next: Eyes on H2 and Delivery Pace
The second half of 2025 could be just as crucial.
Industry analysts expect SODIC to continue its handover streak, especially as projects in West Cairo and the North Coast reach critical construction milestones. The firm’s new sales launches and off-plan bookings will also be closely watched.
One thing’s for sure—after this quarter, investors will want more.
And with over two decades of operational history and EGX listing credibility, SODIC’s next few months could define whether this profit surge is just a peak—or a new baseline.
