Raya Holding Reports Record-Breaking 3Q 2024 Results

November 18, 2024 – Cairo, Egypt

Raya Holding reported a significant increase in financial metrics during 9M2024:

• Group Revenues: EGP 32.3 billion, a 42.4% year-on-year (YoY) increase, driven by strategic initiatives to enhance foreign currency revenues, which constituted 30% of total turnover.
• Gross Profit: EGP 6.8 billion, marking a 52.6% YoY growth, with the gross profit margin improving by 1.4 points to reach 21.1%.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EGP 3.7 billion, reflecting a robust 67.1% YoY growth, with the EBITDA margin increasing to 11.5%, up 1.7 points YoY.
• Net Income Before Minority: EGP 1.3 billion, up 161% YoY, achieving a net profit margin of 4%, an improvement of 1.8 points.

3Q 2024 Performance Highlights:

In 3Q 2024, Raya Holding achieved record-breaking results:

• Revenue: EGP 12.2 billion, a 49.6% YoY increase compared to 3Q 2023.
• Gross Profit: EGP 2.5 billion, up 63.4% YoY, with a gross profit margin of 20.3%.
• EBITDA: EGP 1.3 billion, an 80.6% YoY increase, with a margin of 10.9%.
• Net Income Before Minority: EGP 514 million, up 270% YoY, with a margin of 4.2%.

Operational Excellence Across Raya Holding’s “big 4” portfolio companies:

The outstanding financial performance was supported by strong contributions from key portfolio companies:

• Raya Trade: EGP 13 billion, a 34% YoY growth.
• Raya Information Technology: EGP 7.5 billion, a 58% YoY growth.
• Aman Holding: EGP 4.3 billion, a 35% YoY growth.
• Raya Customer Experience: EGP 1.9 billion, a 38% YoY growth.

A Commitment to Growth and Innovation

Raya Holding’s strong financial performance reflects its commitment to innovation, operational efficiency, and expanding its presence across high-growth sectors. Despite challenging economic conditions, the company continues to position itself as a leader in diverse industries with strong growth potential.