Cairo - Mubasher: Industrial Engineering Company for Construction and Development (ICON) registered an annual plunge in consolidated net profits after tax to EGP 525.94 million in the first nine months (9M) of 2025, compared to EGP 814.51 million.
The basic and diluted earnings per share (EPS) retreated to EGP 2.69 in 9M-25 from EGP 4.48 in the corresponding period a year earlier, according to the financial results.
Consolidated revenues from contracts with customers hit EGP 5.33 billion in January-September 2025, which marked a year-on-year (YoY) decrease from EGP 4.55 billion.
The total assets increased to EGP 7.19 billion as of 30 September 2025 from EGP 6.95 billion in the twelve-month period that ended on 31 December 2024.
Standalone Results for 9M-25
The company turned to non-consolidated net profits after tax of EGP 52.91 million in 9M-25, against net losses after tax of EGP 8.85 million in 9M-24.
Standalone revenues from contracts with customers shrank to EGP 66.91 million in 9M-25 from EGP 69.97 million in 9M-24.
Meanwhile, the basic and diluted EPS totaled EGP 0.36 against a loss per share of EGP 0.06.
The non-consolidated total assets reached EGP 1.16 billion as of 30 September 2025 when compared with EGP 1 billion at the end of 2024.
Financial Results of Q3-25
During the third quarter (Q3) of 2025, ICON reported consolidated net profits after tax totaling EGP 54.44 million, lower YoY than EGP 170.70 million.
Furthermore, the consolidated revenues from contracts with customers rose to EGP 1.94 billion in Q3-25 from EGP 1.75 billion in Q3-24.The basic and diluted EPS declined to EGP 0.25 from EGP 0.91.
As for the standalone results, the net profits after tax fell to EGP 613,912 in July-September 2025 from EGP 2.26 million in Q3-24, while the basic and diluted EPS decreased to EGP 0.004 from EGP 0.016.
The EGX-listed company posted EGP 22,084 in non-consolidated revenues from contracts with customers during Q3-25, compared to EGP 1.79 million in Q3-24.
In the first half (H1) of 2025, ICON’s consolidated net profits after tax declined by 26.76% to EGP 471.50 million from EGP 643.80 million in H1-24.
