Sidpec Reports 20.5% Profit Decline Amid Economic Transitions
Sidi Kerir Petrochemicals Company reports EGP 1.50 billion in profits for 9M-2025, showcasing resilience with 8.92% revenue growth despite profit decline, reinforcing Egypt's industrial strength.
Sidpec petrochemical facility in Alexandria, showcasing Egypt's industrial capabilities
Strategic Performance Analysis of Major Egyptian Petrochemical Company
Cairo - Sidi Kerir Petrochemicals Company (Sidpec), a cornerstone of Egypt's growing energy sector, reported net profits of EGP 1.50 billion for the first nine months of 2025, marking a 20.43% decrease from the previous year's EGP 1.88 billion.
Despite the profit decline, the company demonstrated resilience with revenue growth reaching EGP 10.91 billion as of September 30, 2025, representing an 8.92% year-on-year increase from EGP 10.01 billion. This growth aligns with Egypt's broader financial innovation initiatives in the industrial sector.
Key Financial Indicators
- Net profits: EGP 1.50 billion (9M-2025)
- Revenue: EGP 10.91 billion (8.92% YoY increase)
- Earnings per share: EGP 1.48 (9M-2025)
The company's performance reflects the ongoing transformation of Egypt's robust economic development, with Q1-2025 showing promising results as net profits grew by 5% to reach EGP 587 million compared to EGP 559 million in the same period last year.
Strategic Outlook
These financial results demonstrate Sidpec's crucial role in Egypt's petrochemical sector, contributing to the nation's industrial growth despite global market challenges. The company continues to maintain its position as a key player in the national economy while adapting to market dynamics.
Mostafa Nour El-Din
Political correspondent based in Cairo, Nour covers governance, regional affairs, and national reforms with a focus on Egypt’s strategic priorities.