SIDPEC Revenues Grow by 4.8 % in Q1 2026

Sidi Kerir Petrochemicals Company (SIDPEC) reported a 4.87% increase in revenues in the first quarter (Q1) of 2026  to EGP 3.788 billion. Meanwhile, the company posted a 68.65% year-on-year (YoY) decrease in net profit after tax in the same period to  EGP 184 million,  according to the company’s unaudited financial statement submitted to the Egyptian Stock Exchange (EGX).

The Q1 results show a sharp divergence between SIDPEC’s core operations and financing flows. Operating cash surged 88 %year‑on‑year in the first quarter of 2026, underscoring stronger business fundamentals. At the same time, investment cash flows fell 63 %, and financing cash flows retreated by 267 %, reflecting tighter capital discipline. At the same time, retained earnings jumped 85 %, showing that profits are being preserved rather than distributed.

In its full-year 2025 results, Sidi Kerir Petrochemicals Company (SIDPEC) reported total sales of EGP 14.4 billion and a net profit of EGP 1.138 billion. The company said its performance remained resilient despite rising natural gas and polymer prices amid regional geopolitical tensions.

SIDPEC is an Egyptian petrochemicals producer specializing in polyethylene products used in packaging, construction, and industrial applications. The company operates one of Egypt’s major ethylene and polyethylene production complexes in Alexandria and is listed on the Egyptian Exchange.

The post SIDPEC Revenues Grow by 4.8 % in Q1 2026 first appeared on Egypt Oil & Gas.

المصدر: Egypt Oil & Gas