Orascom Construction

1. Company Overview & Earnings Context

Orascom Construction PLC reported its FY 2025 results, reflecting strong revenue growth and improved profitability, driven by higher backlog execution and diversified infrastructure projects across key markets.

2. Financial Performance Snapshot

• Revenue: ~AED 18.54B (+55% YoY)

• Gross profit: ~AED 1.69B (+52% YoY)

• Operating profit: ~AED 1.00B (+127% YoY)

• Net profit: ~AED 0.76B (+54% YoY)

• EPS: ~AED 6.50 (vs ~AED 3.93)

3. Operational Highlights & Key Metrics

• Total assets: ~AED 19.1B

• Equity (owners): ~AED 3.20B

• Cash & equivalents: ~AED 5.03B

• Operating cash flow: ~AED 1.69B

• Total comprehensive income: ~AED 1.07B

4. Key Performance Drivers

As highlighted in the income statement (page 12) and Director’s report (page 3):

Key drivers included:

• Strong backlog execution, driving a ~55% increase in revenue

• Significant operating leverage, with operating profit more than doubling (+127%)

• Contribution from equity-accounted investees (~AED 144M) supporting earnings

• Higher finance costs, impacting net finance position

• Positive foreign currency translation gains, boosting total comprehensive income

Overall, scale, project execution, and diversification across geographies supported profitability growth, while financing and currency factors influenced final earnings.

5. Outlook & Forward Guidance

Orascom Construction continues to operate across global infrastructure, industrial, and commercial projects, with exposure to the US, Middle East, Africa, and Central Asia.

Future performance will depend on:

• Backlog conversion and project execution efficiency

• Cost control and margin sustainability

• Financing environment and interest costs

• Currency movements across operating markets

6. 🧾 Investor Takeaway

Orascom Construction delivered strong top-line and profit growth, highlighting the impact of backlog execution and operating leverage across its global project portfolio.