Domty reports net profits of EGP 10.592 million in Q1 2025

EGYPT – The Giza-based cheese manufacturer has reported consolidated net profits of EGP 10.592 (US$ 213,746.56 million) in Q1 of 2025.

According to the report, the profits were 93.09% lower than the EGP 153.302 million in Q1 2024. The company reported a significant decline in net profit after tax to EGP 10.048 million at the end of March 2025, compared to EGP 153.141 million.

Earnings per share (EPS) plummeted to EGP 0.03 in Q1 2025 from EGP 0.44 a year earlier, while the net sales dropped to EGP 2.251 billion from EGP 2.282 billion.

In response to these financial challenges, Mohamed Omar El Damaty, Vice Chairman of Domty, stated that the company is implementing a comprehensive restructuring plan to align with the Board of Directors’ resolution to demerge the company into two listed entities.

As part of this strategy, Domty is working to reduce the number of receivable days in the wholesale sector, aiming to lower financial expenses and improve profitability.

Additionally, the company plans to more than double its marketing expenses throughout the year to facilitate the restructuring process and boost product turnover.

El Damaty expressed optimism about the future, anticipating gradual improvement starting in the second quarter and a return to normal levels by the end of Q3 2025, when the official company demerger is expected to be announced.

FY 2024

In the 2024 financial year, the company reported consolidated net sales exceeding US$181 million. 

According to the company’s latest financial results, consolidated net profits after tax reached US$10.023 million in 2024, reflecting a significant increase from US$9.089 million the previous year. 

This marks a 10.29% year-on-year profit surge, highlighting Domty’s strong performance in the competitive dairy market.

The company’s consolidated net sales climbed to US$184.5 million in 2024, up from US$150.08 million in 2023, driven by robust demand for its diverse product portfolio. 

Earnings per share (EPS) also saw an uptick, rising to US$0.0288 in 2024 from US$0.026 the year prior, a clear indicator of improved profitability. 

A report by Domty further revealed that the board of directors has recommended a cash dividend of US$0.017 per share, signaling confidence in the company’s financial health and a commitment to rewarding shareholders.

Subscribe to receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world. SUBSCRIBE HERE