Juhayna Food Industries reports net revenue of US$293.51M in H1 2025

EGYPT – Juhayna Food Industries, a dairy manufacturer, has recorded net revenues of EGP 14.2 billion, up 23% YoY from US$237.71 million (EGP 11.5 billion) in H1 2024, fueled by double-digit volume growth across Juhayna’s core segments.

H1 2025 results include US$293.51 million (EGP 522 million) in FX-related expenses tied to raw material sourcing, which, if adjusted, would have brought the gross profit margin down to 28.7%. All figures stated exclude the impact of the February 2025 merger.

Gross profit stood at US$76.48 million (EGP 3.7 billion) with a solid margin of 26.4%. The squeeze mainly reflects the normalization of concentrate prices in 2025 following last year’s exceptional highs.

Throughout the period, the company delivered robust performance across its core segments and significantly expanded finished product exports, helping offset seasonal volatility and reinforcing its global brand positioning.

EBITDA was US$47.54 million (EGP 2.3 billion) with a margin of 16.5% compared to an adjusted EBITDA margin of 20.8% in H1 2024 (adjusted for FX-related expenses). The change primarily reflects the anticipated normalization of orange concentrate prices following last year’s exceptional highs.

Net profits were at US$22.74 million (EGP 1.1 billion) with a margin of 7.9%. Although profitability appears lower when compared to last year’s exceptional results — which were boosted by unprecedented orange concentrate prices — it remains ahead of historical levels, reflecting the company’s underlying operational strength.

The company stated, “Our strong framework and strong governance practices that have been developed over the past years, and the hard work of our experienced management team, have enabled us to achieve great success. We are confident that the Egyptian market will continue to recover, and we are proud to have a strong brand and a longstanding relationship with the Egyptian consumer. We are looking forward to opening additional foreign markets and expanding Juhayna’s global footprint.”

Q2 2025

The company achieved record-high net revenues of US$153.03 million (EGP 7.4 billion) in 2Q25, driven by exceptional local sales and robust exports of finished goods — marking a 22% YoY increase from US$124.08 million (EGP 6 billion) in 2Q24.

Gross profit of US$39.29 million (EGP 1.9 billion) was achieved, maintaining a healthy margin of 25.3%. Throughout the period, Juhayna continued to deliver robust performance across its core segments and significantly expanded finished product exports, helping offset seasonal volatility and reinforcing its global brand positioning.

The selling, general, and administrative (SG&A) margin increased by 1.9% YoY in 2Q25, reaching 12.3%, reflecting the company’s operational expansion and proactive marketing efforts, including innovative product launches such as Turkish Labneh and Premium Pudding, as well as high-profile seasonal campaigns.

EBITDA for 2Q25 reached US$22.75 million (EGP 1.1 billion) with a margin of 14.6%, compared to EGP 1.5 billion with a margin of 25.1%. The change primarily reflects the anticipated normalization of orange concentrate prices following last year’s exceptional highs.

Net profit, Juhayna delivered EGP 481 million in 2Q25 with a margin of 6.5% while exports stood at USD 13.3 million.

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