Commercial contracts in Egyptian pounds rose by 490% and in US dollars by 733%
The Egyptian Airports Company achieved positive results in the last fiscal year 2024-2025, reflecting its ability to maximize its financial resources, cut expenses and improve operational efficiency, as commercial contracts expanded notably at various airports, including raising the value of existing activities and contracting new activities with higher returns.
The Egyptian Airports Company said that commercial contracts in Egyptian pounds rose by 490% compared with fiscal year 2023-2024, while contracts in US dollars rose by 733%. This came as a result of updating contract models and repricing spaces and services in line with air traffic, along with converting a number of contracts from Egyptian pounds to dollars, helping improve asset management and maximize returns from commercial activities.
In a related context, the company succeeded in achieving major financial savings in the communications and information technology sector and the electrical, mechanical and air-conditioning engineering sector, totalling about EGP 946.4 million, as a result of a package of measures. These included carrying out a large amount of work in-house through maintenance and engineering teams at the airports instead of relying on external contractors, helping cut labour and supply costs. The measures also included renegotiating prices and reviewing technical items to reach contract prices lower than the initial contracts, as well as making use of assets available in warehouses instead of buying new equipment.
The company also relied on raising the efficiency of existing equipment and systems and rehabilitating them rather than fully supplying new systems, while reviewing actual technical needs and avoiding loading projects with unnecessary items. The measures also included negotiating the prices of devices contracted for installation at airports, which reduced their value by up to 55% while maintaining the same levels of operational efficiency.
The Egyptian Airports Company stressed that these measures were reflected in improved net profit and business results in fiscal year 2024-2025, which reached EGP 10.2 billion, against EGP 7.2 billion in the previous fiscal year, an increase of 41.5%.
This reflects the success of the strategies followed in maximizing revenue, reducing expenses and improving operational efficiency, along with a tangible reduction in spending items without affecting the level of operation or the quality of services, which was reflected in improved net profit.
To strengthen operational discipline, the company created a new department under the General Department of Operations to follow up on operational violations at airports. With the application of the new regulation on operating violations from April 2025 to October 2025, the total value of fines due reached EGP 11.5 million, noting that the application of the regulation led to a decline in the rate of violations.
In terms of air traffic, the company's airports saw notable growth in passenger traffic in 2025, with the number of passengers reaching about 27 million, an increase of 18% compared with 2024, while maintaining the highest rates of on-time departures and landings and without recording any security incidents during peak operating periods, at the highest level of operational traffic since the company was founded.
Regarding supporting employees' rights, the Egyptian Airports Company announced the reorganization of the mechanisms for calculating basic salary in accordance with the approved regulations, achieving greater job fairness and stability, especially for employees who joined the company after 2006. The company also completed regularizing the status of daily workers and those paid per task, by concluding temporary contracts that enable them to obtain medical insurance, enhancing and supporting the stability of the work environment.
These results came on the basis of the steps taken by the company under Captain Wael El-Nashar, Chairman and Executive Managing Director of the Egyptian Airports Company, aimed at achieving tangible results on the ground, enhancing spending efficiency and linking development to improved economic and operational indicators. The company stressed that what has been achieved represents an important stage in a continuous path to maximize resources, control expenses and raise operating efficiency, reflecting positively on the quality of services provided to travellers and supporting the regional and international standing of Egyptian airports.
