Abu Qir Fertilizers Delivers Exceptional Financial Results for the First Half of 2026
Abu Qir Fertilizers and Chemical Industries announced its unaudited financial results for the six-month period ended 30 June 2026, reporting exceptional operating and financial performance. The results were driven by the strength of the Company’s operating plans, enhanced operational efficiency, increased production compared to the corresponding periods, successful expansion into new export markets, and higher selling prices. These factors enabled the Company to achieve record growth in both revenues and profitability despite the challenges and market dynamics facing the fertilizer industry.
During the period, the Company generated operating revenues of EGP 23.52 billion, while operating profit reached EGP 10.72 billion. Net profit after tax amounted to EGP 10.01 billion.
Commenting on the results, Eng. Hany Dahy, Chairman and Managing Director of Abu Qir Fertilizers and Chemical Industries, stated that the Company’s outstanding performance during the first half of 2026 reflects the efficiency of its operations, production, and marketing systems, as well as the resilience of its business model. He noted that the Company has successfully delivered strong growth rates, reinforcing its robust financial position through maximizing resource utilization, achieving the highest operational performance standards, and expanding into new export markets. These efforts continue to strengthen Abu Qir Fertilizers’ competitive position in both domestic and international markets, while fully honoring its commitment to supplying the allocated quantities to Egypt’s Ministry of Agriculture and the local market.
He added that these results were supported by the uninterrupted operation of the Company’s production facilities at full capacity, made possible by the Ministry of Petroleum and Mineral Resources’ continued efforts to secure the natural gas supplies required for operations. This was achieved despite ongoing geopolitical challenges affecting the region and global energy markets, alongside the Company’s continuous modernization and maintenance programs and the exceptional performance of its workforce.
Eng. Hany Dahy also announced the successful completion of the ammonia reactor upgrade project, including all associated components, at Abu Qir Plant I, as well as the replacement of the ammonia reactor Transfer Line. The project represents one of the Company’s key strategic technical initiatives aimed at enhancing operational efficiency and reducing energy consumption. It has increased the ammonia plant’s production capacity by approximately 200 metric tons per day and the urea plant’s capacity by 210 metric tons per day, while also reducing natural gas consumption. This achievement aligns with the Company’s strategy of improving energy efficiency, strengthening operational sustainability, and increasing production capacity.
Furthermore, he revealed that Abu Qir Fertilizers is in the final stages of preparing its long-term corporate strategy in cooperation with McKinsey & Company. The strategy focuses on enhancing operational sustainability, increasing productivity, optimizing energy consumption, accelerating digital transformation, reducing carbon emissions, and developing new high-value-added products with strong economic returns. These initiatives are expected to maximize shareholder value, support Egypt’s national economy, and further enhance the global competitiveness of the Egyptian fertilizer industry.
In closing, Eng. Hany Dahy emphasized that Abu Qir Fertilizers remains the leading fertilizer producer in Egypt, supported by its strong operational capabilities, solid financial position, and extensive technical expertise. These strengths enable the Company to sustain long-term growth, respond effectively to evolving economic conditions, ensure the continued supply of both subsidized and free-market fertilizers to meet domestic demand, create sustainable long-term value for shareholders, and reinforce its position as one of the leading nitrogen fertilizer producers in Egypt and the Middle East.
