Egypt's Orascom Investment narrows nine-month loss as operating revenue jumps

Orascom Investment Holding posted a narrower consolidated net loss in the first nine months of 2025.

Net losses after tax fell to 806.29 million Egyptian pounds ($16.88 million), down from 849.92 million pounds ($17.79 million) a year earlier, using adjusted figures for the prior period. The company put the nine-month loss at more than $16 million. Loss per share improved to 0.15 pound ($0.003139) from 0.16 pound ($0.003349) in the same stretch of 2024.

Operating revenue more than doubled. Consolidated operating revenues totaled 441.41 million pounds ($9.24 million) from January through September, up from 215.12 million pounds ($4.50 million) a year ago.

The balance sheet was little changed. Total assets stood at 9.509 billion pounds ($199.02 million) at the end of September, roughly flat from 9.508 billion pounds ($199.00 million) at the end of 2024.

On a standalone basis, the parent company also reported a smaller loss. Nonconsolidated net losses after tax narrowed to 100.24 million pounds ($2.10 million) in the nine months, from 442.97 million pounds ($9.27 million) a year earlier. Standalone revenue climbed to 437.11 million pounds ($9.15 million) from 107.14 million pounds ($2.24 million), while the per share loss eased to 0.01 pound ($0.000209) from 0.08 pound ($0.001674). Standalone assets were 6.22 billion pounds ($130.18 million) at Sept. 30, up from 5.90 billion pounds ($123.48 million) at year end.

Third-quarter results showed momentum building later in the year. The consolidated net loss after tax fell to 186.77 million pounds ($3.91 million) in July through September, compared with 713.83 million pounds ($14.94 million) in the third quarter of 2024. Quarterly operating revenue jumped to 277.97 million pounds ($5.82 million) from 48.04 million pounds ($1.01 million), and the per share loss narrowed to 0.03 pound ($0.000628) from 0.13 pound ($0.002721).

The standalone business swung to profit in the third quarter, reporting net income of 345.88 million pounds ($7.24 million), versus a loss of 583.07 million pounds ($12.20 million) a year earlier. Earnings per share were 0.06 pound ($0.001256), after a per share loss of 0.11 pound ($0.002302) in the comparable quarter.

Earlier in 2025, Orascom Investment had reported that consolidated losses widened in the first half of the year, a reminder that the rebound arrived late. Shares trade on the Egyptian Exchange under the symbol OIH.