Abu Dhabi-backed Sodic’s revenue doubles in 2025

Egyptian property developer Sodic, majority-owned by a consortium consisting of Aldar Properties and ADQ, said revenue more than doubled in 2025, driven by higher unit handovers.

The top line reached EGP21.3 billion ($456 million) last year, compared to EGP9.8 billion in 2024, the developer said in a statement.

It delivered 2,083 units in 2025, compared to 1,045 in the previous year.

Net profit rose 77 percent to EGP4.5 billion, implying a net profit margin of 21 percent and earnings per share of EGP3.5.

The backlog of unrecognised revenue stood at EGP106 billion as of December 31, up from EGP87 billion in 2024, providing strong revenue growth and earnings visibility.

Capital expenditure on construction stood at EGP11 billion, compared with EGP9 billion in 2024.

Sodic shares closed nearly 4 percent higher at EGP17.06 on Sunday but are down almost 5 percent so far this year.

The Aldar-ADQ venture acquired an 85.52 percent stake in Sodic in December 2021.

Further reading:

• Aldar unit announces housing project in London commuter town
• Aldar and Mubadala fund to target GCC real estate
• Aldar-owned Sodic to launch Nobu brand in Egypt