Eastern Company stock reports stronger second-quarter sales

Published on 09/30/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eastern Company stock posted second-quarter 2026 sales of EGP 32.8 billion, up 15 percent year over year. Gross profit rose 48 percent to EGP 5.2 billion.

EAST, EGS37091C013, Illustration mit AI erstellt.

Eastern Company (ISIN EGS37091C013) lifted second-quarter 2026 sales 15 percent year over year to EGP 32.8 billion, while revenue increased 20 percent to EGP 12.0 billion. The figures point to a stronger quarter after a weaker start to the year, but the company still faces earnings pressure from higher provisions.

Second-quarter margins improve

According to Cairo24, Eastern Company's second-quarter 2026 gross profit rose 48 percent year over year to EGP 5.2 billion, lifting gross margin to 43 percent from 35 percent. Net income increased 7 percent, while pretax income advanced 16 percent.

The sequential comparison was stronger still. Second-quarter revenue grew 41 percent from the first quarter of 2026, gross profit jumped 80 percent, and net income increased 131 percent, according to Cairo24.

Half-year growth meets higher costs

For the first half of 2026, total sales reached EGP 55.8 billion, up 5 percent from the comparable period, while revenue rose 8 percent and gross profit increased 27 percent. Net income declined 4 percent because early-retirement provisions rose to EGP 2.6 billion from EGP 0.9 billion, Cairo24 reported.

A separate Egyptian Exchange disclosure dated September 22, 2026 said Eastern Company had been fined EGP 40,000 and given additional time to submit consolidated financial statements for the period ended June 30, 2026, according to FoudaLens. The filing issue adds an administrative risk to an otherwise improved operating quarter.

EAST trades at EGP 28.51

Eastern Company stock was last at EGP 28.51 on EGX on September 30, 2026 at 2:25 p.m. EEST. Its market capitalization was EGP 85.5 billion, and the 52-week range was EGP 21.80 to EGP 49.99. The next earnings report is scheduled for November 18, 2026, according to Investing.com.