New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (ج.م3.3m revenue, or US$64k). Market cap is less than US$10m (ج.م41.9m market cap, or US$809.1k). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 06
El Orouba Securities Brokerage, Annual General Meeting, May 25, 2026 El Orouba Securities Brokerage, Annual General Meeting, May 25, 2026, at 15:00 Egypt Standard Time. Location: cairo Egypt Board Change • May 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 16
El Orouba Securities Brokerage, Annual General Meeting, May 08, 2025 El Orouba Securities Brokerage, Annual General Meeting, May 08, 2025, at 15:00 Egypt Standard Time. Location: cairo Egypt Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: ج.م0.02 (vs ج.م0.10 loss in 3Q 2023) Third quarter 2024 results: EPS: ج.م0.02 (up from ج.م0.10 loss in 3Q 2023). Revenue: ج.م917.1k (up 106% from 3Q 2023). Net income: ج.م596.4k (up ج.م3.09m from 3Q 2023). Profit margin: 65% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Sep 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -ج.م3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ج.م3.8m free cash flow). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (ج.م2.2m revenue, or US$45k). Market cap is less than US$10m (ج.م33.9m market cap, or US$699.6k). Reported Earnings • Aug 18
Second quarter 2024 earnings released: ج.م0.011 loss per share (vs ج.م0.016 loss in 2Q 2023) Second quarter 2024 results: ج.م0.011 loss per share (improved from ج.م0.016 loss in 2Q 2023). Revenue: ج.م369.4k (up 2.4% from 2Q 2023). Net loss: ج.م335.3k (loss narrowed 13% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: ج.م0.091 loss per share (vs ج.م0.015 loss in 1Q 2023) First quarter 2024 results: ج.م0.091 loss per share (further deteriorated from ج.م0.015 loss in 1Q 2023). Revenue: ج.م314.2k (down 50% from 1Q 2023). Net loss: ج.م2.70m (loss widened ج.م2.33m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Dec 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (ج.م34.2m market cap, or US$1.11m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Dec 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 35% over the past year. Revenue is less than US$1m (ج.م4.0m revenue, or US$130k). Market cap is less than US$10m (ج.م34.2m market cap, or US$1.11m). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Aug 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 35% over the past year. Revenue is less than US$1m (ج.م4.0m revenue, or US$130k). Market cap is less than US$10m (ج.م27.8m market cap, or US$899.3k). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 35% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 35% over the past year. Revenue is less than US$1m (ج.م4.0m revenue, or US$130k). Market cap is less than US$10m (ج.م20.1m market cap, or US$649.5k). New Risk • Jun 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (ج.م4.0m revenue, or US$130k). Market cap is less than US$10m (ج.م20.1m market cap, or US$649.0k). Minor Risk Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 20% share price gain to ج.م1.05, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 13x in the Capital Markets industry in Egypt. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 28% share price gain to ج.م1.19, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 16x in the Capital Markets industry in Egypt. Total returns to shareholders of 76% over the past three years. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS ج.م0.02 (vs ج.م0.034 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ج.م3.81m (up 252% from FY 2019). Net income: ج.م490.6k (up ج.م1.33m from FY 2019). Profit margin: 13% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 03
New 90-day high: ج.م0.79 The company is up 10.0% from its price of ج.م0.72 on 05 November 2020. The Egyptian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 33% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: ج.م0.60 The company is up 8.0% from its price of ج.م0.56 on 25 June 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period.