Egypt’s National Printing Company profits plunge 37% to US$8.4M despite 7% revenue rise

EGYPT – Egypt’s National Printing Company has posted a 37.1 percent drop in consolidated net profits to EGP 403 million (approximately US$8.4 million) for 2025, down from EGP 641 million (approximately US$13.4 million) in 2024, despite net sales increasing 7 percent to EGP 7.64 billion (approximately US$160 million) from EGP 7.14 billion (approximately US$149 million).

Basic earnings per share dropped 25.1 percent year-on-year to EGP 1.43 from EGP 1.91.

The divergence between rising sales and falling profits suggests that input costs, likely paper, inks, energy, or logistics, have increased faster than the company could pass through to customers.

Standalone Performance Raises Concerns

More alarming is the standalone performance of the core printing business. 

Standalone net profits after tax plunged 96.7 percent to EGP 6.9 million (approximately US$144,000) from EGP 205 million (approximately US$4.3 million) in 2024, while standalone sales fell 83.7 percent to EGP 48 million (approximately US$1 million) from EGP 294 million (approximately US$6.1 million). 

Non-consolidated EPS retreated 96.9 percent to EGP 0.03 from EGP 0.97.

The dramatic divergence between consolidated and standalone results indicates that the company’s consolidated profits were propped up by subsidiaries or non-printing activities, while the core printing business experienced a severe contraction. 

For a company whose name is “National Printing Company,” this is a red flag.

What Went Wrong

The 83.7 percent standalone sales decline suggests the company lost major contracts or customers during 2025. 

Egypt’s printing industry has faced headwinds from digital transformation, currency devaluation increasing imported material costs, and economic pressures reducing demand for commercial printing. 

The standalone loss of profitability, down 96.7 percent, indicates that fixed costs (labour, rent, equipment depreciation) did not adjust as revenue collapsed.

Implications for the Printing Sector

National Printing’s results serve as a warning for Egypt’s broader printing industry. 

If the country’s national printing company, presumably a beneficiary of government contracts, cannot maintain profitability, smaller private printers face even greater pressure. 

The 7 percent consolidated revenue growth suggests that some parts of the group performed well, but the standalone collapse indicates that the core printing business is in distress.

When Revenue Grows and Profits Die

A 7 percent sales increase paired with a 37 percent profit drop is not a mixed result, it is a margin crisis. For Egypt’s National Printing Company, the numbers tell a clear story: revenue rose, but costs rose faster. 

The 96.7 percent standalone profit collapse is the more worrying signal. For the printing industry, the question is whether this is a company-specific problem or a sector-wide squeeze.

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