Press Release on Mansoura Poultry Company's Business Results For 2024

Mansoura Poultry Company achieves a qualitative new start in 2024, achieving total revenues of EGP 747.9 million, compared to EGP 497.5 million, representing a 50% growth rate for 2024.

10th of Ramadan City / Tuesday, April 22, 2025 | Mansoura Poultry Company S.A.E. (registered under MPCO.CA on the Egyptian Exchange), a leading company in the poultry sector in Egypt, founded in 1983 and operating in the poultry sector, announces a press release announcing the company's financial results for the financial period ending December 31, 2024.

The company achieved revenues of EGP 747.9 million in 2024, in addition to other miscellaneous revenues of EGP 40.8 million, compared to EGP 497.5 million in 2023, representing a growth rate of 50%. The company achieved record results with improved performance across all financial indicators, with net profit before taxes reaching EGP 193,059,180 and net profit after taxes reaching EGP 152,951,081, compared to profits of EGP 127,355,913 for the same period in 2023 and a net profit of EGP 152,951,081. 107,229,231, representing a growth rate of 43%.

Total assets in 2024 amounted to EGP 483,124,885, compared to EGP 308,427,621 at the end of 2023, representing a growth rate of 57%.

Total equity also reached EGP 307,188,063 in 2024, compared to EGP 174,629,320 at the end of 2023, representing a growth rate of 76%.

At the maternal activity level, there is a surge equivalent to EGP 100 million in 2024 compared to 2023, representing a growth rate of 28%, from EGP 367 million in 2023 to EGP 468 million in 2024. This sector achieved a growth in gross profit of 41%, up from 28% last year.

Regarding its broiler activity, the company achieved a 63% increase in sales volume, from EGP 129 million in 2023 to EGP 211 million in 2024.

Regarding its frozen food activity, the company successfully launched its frozen food business by establishing a subsidiary 90% owned by Mansoura Poultry Company with a capital of EGP 50 million to trade in frozen and fresh poultry. This activity will contribute to the company's expected sales increase in 2025.

A word from Eng. Islam Mohamed Naguib, Chairman of the Board of Directors

I would like to express my happiness with the outstanding financial results achieved by Mansoura Poultry Company in 2024. The company's revenues jumped in 2024 to approximately EGP 748 million, compared to EGP 497.5 million achieved in 2023, representing a growth rate of 50%. The company also recorded a net profit before taxes of EGP 193 million, compared to profits of EGP 127.3 million for the same period last year. This growth reflects the commitment and dedication of the company's workforce, who have made continuous efforts to provide high-quality products to our customers.

I am also pleased with the success of Frost Bird Manufacturing and Trading Company, 90% owned by Mansoura Poultry Company, in its presence in the local market, selling its frozen whole poultry products and their parts to the public under the company's trademark (Franjo). This trademark is currently available in Egypt's largest supermarket chains (Carrefour, Saudi, Spinneys, Lulu Market, Fathallah Wholesale Market, Fathallah Markets, BIM, Al Far, Panda, Zahran, Al Mahlawy, Royal House, Heliopolis Star, Sami Salama, and Sun Mall) with more than 550 direct sales outlets to date. This contributes to meeting the local market's needs for frozen poultry. The company's activities will contribute to increasing the company's sales in 2025, God willing.

This outstanding performance reflects the executive management's ability to implement the business plan prepared by the Board of Directors by developing a successful strategy, and the Board's commitment to operating within the company in an institutional manner so that the company can adapt to various challenges and achieve positive results.

Engineer Islam Naguib explained that after studying market data, he expects the company's revenues to exceed one billion Egyptian pounds by 2025, if supply and demand mechanisms and the market remain unchanged until the end of the year, based on the scarcity of local products.

For more information, please visit the following link:

https://drive.google.com/file/d/1yus3SipjcWH3Tq92SaRg0bbpUKOWg9qB/view?usp=sharing