Board Change • May 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 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: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 20
Upper Egypt Mills Company J.S.C announces Annual dividend, payable on December 11, 2025 Upper Egypt Mills Company J.S.C announced Annual dividend of EGP 20.0000 per share payable on December 11, 2025, ex-date on December 09, 2025 and record date on December 10, 2025. Announcement • Oct 09
Upper Egypt Mills Company J.S.C, Annual General Meeting, Nov 11, 2025 Upper Egypt Mills Company J.S.C, Annual General Meeting, Nov 11, 2025, at 15:00 Egypt Standard Time. Location: cairo Egypt Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م348, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 11x in the Food industry in Egypt. Total returns to shareholders of 415% over the past three years. Reported Earnings • May 17
Third quarter 2025 earnings released: EPS: ج.م6.67 (vs ج.م16.57 in 3Q 2024) Third quarter 2025 results: EPS: ج.م6.67 (down from ج.م16.57 in 3Q 2024). Revenue: ج.م638.9m (down 55% from 3Q 2024). Net income: ج.م46.7m (down 60% from 3Q 2024). Profit margin: 7.3% (down from 8.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. No independent directors (11 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: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (115% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (ج.م1.80b market cap, or US$36.8m). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ج.م221, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 10x in the Food industry in Egypt. Total returns to shareholders of 201% over the past three years. Reported Earnings • Oct 06
Full year 2024 earnings released Full year 2024 results: Revenue: ج.م2.88b (up 48% from FY 2023). Net income: ج.م251.3m (up 28% from FY 2023). Profit margin: 8.7% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Oct 05
Upper Egypt Mills Company J.S.C, Annual General Meeting, Nov 09, 2024 Upper Egypt Mills Company J.S.C, Annual General Meeting, Nov 09, 2024, at 15:00 Egypt Standard Time. Location: cairo Egypt Reported Earnings • Jun 04
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ج.م1.79b (up 30% from 3Q 2023). Net income: ج.م116.0m (up 57% from 3Q 2023). Profit margin: 6.5% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. New Risk • Dec 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. 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 Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (ج.م987.5m market cap, or US$31.9m). Upcoming Dividend • Nov 14
Upcoming dividend of ج.م14.00 per share at 6.6% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 23 November 2023. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (7.1%). Higher than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ج.م152, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 9x in the Food industry in Egypt. Total returns to shareholders of 129% over the past three years. New Risk • Jun 15
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 3.8% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (ج.م867.9m market cap, or US$28.1m). Reported Earnings • Jun 03
Third quarter 2023 earnings released Third quarter 2023 results: Net income: (down ج.م44.1m from profit in 3Q 2022). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 20% share price gain to ج.م108, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 11x in the Food industry in Egypt. Total returns to shareholders of 67% over the past three years. Upcoming Dividend • Nov 21
Upcoming dividend of ج.م11.00 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of Egyptian dividend payers (9.4%). Higher than average of industry peers (4.9%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (10 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 27
Full year 2022 earnings released Full year 2022 results: Revenue: ج.م1.52b (up 111% from FY 2021). Net income: ج.م150.1m (up 2.1% from FY 2021). Profit margin: 9.9% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 19
Third quarter 2022 earnings released: EPS: ج.م4.75 (vs ج.م4.66 in 3Q 2021) Third quarter 2022 results: EPS: ج.م4.75 (up from ج.م4.66 in 3Q 2021). Revenue: ج.م1.08t (up ج.م1.08t from 3Q 2021). Net income: ج.م99.6b (up ج.م99.6b from 3Q 2021). Profit margin: 9.2% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 100% compared to a 14% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (10 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: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 24
Inaugural dividend of ج.م10.00 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 05 December 2021. The company last paid an ordinary dividend in November 2018. The average dividend yield among industry peers is 4.7%. Reported Earnings • Sep 30
Full year 2021 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ج.م1.18b (up 70% from FY 2020). Net income: ج.م147.1m (up 2.4% from FY 2020). Profit margin: 13% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 01
Second quarter 2021 earnings released: EPS ج.م3.58 (vs ج.م4.91 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: ج.م389.0m (up 146% from 2Q 2020). Net income: ج.م25.0m (down 27% from 2Q 2020). Profit margin: 6.4% (down from 22% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year. Is New 90 Day High Low • Dec 28
New 90-day low: ج.م76.29 The company is down 11% from its price of ج.م85.63 on 29 September 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ج.م76.29, the stock is trading at a trailing P/E ratio of 3.8x, down from the previous P/E ratio of 5x. This compares to an average P/E of 13x in the Food industry in Egypt. Total return to shareholders over the past three years is a loss of 29%. Upcoming Dividend • Dec 07
Upcoming Dividend of ج.م10.00 Per Share Will be paid on the 16th of December to those who are registered shareholders by the 14th of December. The company last paid an ordinary dividend in November 2018. The average dividend yield among industry peers is 6.0%. Is New 90 Day High Low • Nov 05
New 90-day high: ج.م92.43 The company is up 17% from its price of ج.م78.76 on 06 August 2020. The Egyptian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: ج.م89.98 The company is up 3.0% from its price of ج.م87.00 on 09 July 2020. The Egyptian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is down 7.0% over the same period. Reported Earnings • Oct 05
Full year earnings released Over the last 12 months the company has reported total profits of ج.م143.7m, down 18% from the prior year. Total revenue was ج.م1.18b over the last 12 months, up 60% from the prior year. Profit margins were 12%, which is lower than the 24% margin from last year. The decrease in margin was driven by higher expenses.