Cairo - Mubasher: ASCOM recorded year-on-year (YoY) lower consolidated net losses after tax at EGP 17.14 million in the first half (H1) of 2025, compared with EGP 98.63 million.
Consolidated revenues from contracts surged to EGP 1.92 billion in the January-June 2025 period from EGP 1.43 billion in H1-24.
Moreover, the total assets reached EGP 7.52 billion as of 30 June 2025 when compared with EGP 7.25 billion as of 31 December 2024.
Standalone Results for H1-25
The EGX-listed company swung to non-consolidated net profits after tax worth EGP 35.79 million in H1-25, compared to net losses after tax of EGP 316.74 million in H1-24.
Standalone revenues from contracts jumped YoY to EGP 270.41 million in the six-month period that ended on 30 June 2025 from EGP 175.72 million.
Non-consolidated total assets amounted to EGP 607.65 million in H1-25, reflecting an increase from EGP 575.94 million in the twelve-month period that ended on 31 December 2024.
Financials for Q2-25
During the second quarter (Q2) of 2025, the consolidated net losses after tax of ASCOM shrank to EGP 55.71 million from EGP 72.96 million in Q2-24.
The consolidated revenues from contracts hit EGP 978.72 million in April-June 2025, which marked a YoY hike from EGP 670.45 million.
Meanwhile, the basic and diluted EPS climbed to EGP 0.37 from EGP 0.03.
As for the standalone results, the net profits after tax leapt to EGP 18.18 million in Q2-25 from EGP 484,565 in Q2-24, whereas the basic EPS retreated to EGP 0.36 from EGP 0.51.
The company posted an annual rise in non-consolidated revenues from contracts to EGP 136.73 million in Q2-25, compared to EGP 92.40 million.
Capital Change
The board of ASCOM greenlighted reducing its issued capital by EGP 12.97 million to EGP 487.02 million from EGP 500 million.
Meanwhile, this reduction will be executed through the cancellation of 1.29 million treasury shares the company previously purchased from shareholders.
During the first quarter (Q1) of 2025, ASCOM turned to consolidated net profits after tax worth EGP 38.57 million, versus net losses of EGP 25.67 million in Q1-24.
