ASEC Company for Mining stock gains 2.08 percent on October 4

Published on 10/04/2026 at 21:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASEC Company for Mining stock was valued at EGP 3.2 billion on October 4, 2026. First-half revenue reached EGP 2.46 billion and net profit EGP 206.21 million.

ASCM, EGS10001C013, Illustration mit AI erstellt.

ASEC Company for Mining stock (ISIN EGS10001C013) was trading at EGP 59.74 on the Egyptian Exchange on October 4, 2026, up 2.08 percent during the session. The key company event is a sharp first-half earnings turnaround reported by Mubasher on September 24, 2026.

Profit turns positive in 1H 2026

According to Mubasher, consolidated net profit reached EGP 206.21 million in the six months through June 2026, compared with a net loss of EGP 17.14 million in the same period of 2025. The change gives the earnings story a clear direction: ASCOM moved from a loss into profit while the reporting period was still marked by a separate standalone loss of EGP 61.47 million.

Revenue from customer contracts rose to EGP 2.46 billion in the first half of 2026 from EGP 1.92 billion a year earlier, an increase of 28.1 percent. The revenue improvement provides a more durable operating signal than the profit swing alone because it combines higher sales with the reported improvement in consolidated earnings.

Second-quarter earnings reinforce the shift

The second quarter contributed EGP 73.61 million in consolidated net profit, versus a net loss of EGP 55.72 million in the comparable quarter of 2025, according to Mubasher. That quarterly comparison supports the view that the first-half result was not limited to a single one-off annual adjustment.

For investors, the contrast between consolidated and standalone figures is important. The consolidated business produced EGP 206.21 million in first-half profit, while the standalone company posted EGP 61.47 million in loss, making subsidiary performance central to the investment case and the main factor to monitor in later reports.

ASCM stock trades at EGP 59.74

ASCM stock had a market capitalization of EGP 3.2 billion on October 4, 2026. The combination of a 2.08 percent session gain and a first-half revenue increase of 28.1 percent places the market move alongside a measurable operating improvement, rather than treating the price change as a standalone signal.