Ataqa swings to profit in H1 2025

Misr National Steel (Ataqa) posted a net profit of EGP 62.33 mln (USD 1.28 mln) in the first half of 2025, reversing a net loss of EGP 41.66 mln in the same period last year, according to its financial results.

Sales more than doubled on YoY basis, rising to EGP 4.14 bln (USD 85.6 mln) from EGP 2.12 bln in H1 2024.

Ataqa currently operates with an annual rebar capacity of 780,000 tons.

1 USD / 48.3 EGP