ICON's Q1 earnings increase on higher revenues

Egypt's Industrial Engineering Company for Construction and Development (ICON) reported a 47pct YoY increase in consolidated net profit attributable to the parent company during the first quarter of 2026, supported by higher revenues.

Net profit rose to EGP 249.04 mln (USD 4.77 mln) in Q1 2026, compared with EGP 169.44 mln in the corresponding period last year.

Revenue increased to EGP 1.94 bln (USD 37 mln) from EGP 1.63 bln in Q1 2025, reflecting growth of nearly 19pct YoY.

ICON specializes in the manufacture of sandwich steel panels, caravans, guardrails, purlins, prefabricated units, corrugated steel sheets, galvanized tubes and pipes, as well as aluminum windows and doors. 1 USD / 52.1 EGP