At its meeting today, the Board of Directors of Media Production City, chaired by Abdel Fattah El-Gebaly, approved the company's standalone and consolidated financial statements for the first quarter of fiscal year 2026, covering the period from January 1, 2026, to March 31, 2026. These statements showed a significant improvement in financial results, with net profit rising to EGP 404 million, compared to EGP 339 million, representing a 19% increase compared to the same period last year. Earnings per share reached EGP 1.62, compared to EGP 1.61 for the same period of the previous year.
This is a natural result of the expansion in the company's various activities, which has positively impacted the economic situation. First: Studio rental activity, where occupancy rates for studios, administrative and technical offices reached unprecedented levels, reaching 100% for administrative and technical offices and 95% for studios (99 out of 109 studios are already rented). This was accompanied by an unprecedented increase in the company's total revenue from its core business.
Second: The company's open-air shooting activities, which saw significant expansion. The number of locations and districts reached approximately 25, with over 100,000 square meters added as new shooting areas in partnership with major production companies in Egypt.
Third: The Egyptian Film Commission, responsible for issuing all necessary filming permits and approvals and providing logistical support to international film production companies wishing to film their projects in Egypt from a single location without any administrative or technical obstacles. This has contributed to the successful execution of numerous projects. The Commission has supervised the production of approximately 105 foreign films from various countries at many of Egypt's tourist and archaeological sites.
Fourth: The Center for the Revival of Audio-Visual Heritage, which has expanded into Arab and Egyptian markets, has successfully restored numerous feature and documentary films, generating significant revenue that has contributed to increased profits.
Fifth: The Media Services Center, located on the banks of the Nile in Agouza, has witnessed an expansion in providing facilities and resources to international news channels and agencies operating in Egypt (including BBC, Al Arabiya, Alhurra, Sky News, Al Sharq, Al Ain (UAE), RAI (Italy), and others). This has significantly contributed to delivering media messages in the best possible way, keeping pace with the rapid developments in satellite broadcasting.
Sixth: The International Academy for Engineering and Media Sciences, which has become a leading intellectual and scientific institution in Egypt and the region. Believing in the importance of continuous training for professionals in these fields, the Academy established a state-of-the-art training center equipped with all the necessary theoretical and practical resources. This makes it one of the few centers that combines theoretical and practical training. The Academy has signed numerous cooperation agreements with Arab and Egyptian universities and academies, providing training services to over three thousand trainees in the fields of media, arts, engineering, and business administration. One of the city's key activities is its hospitality sector. It boasts a five-star hotel and a conference center offering high-quality accommodation for artists and technicians. The city is currently developing a four-star hotel to accommodate the growing tourism in the area, particularly following the opening of the Grand Egyptian Museum. To further support the entertainment industry, the city owns "Tanza," the largest entertainment complex in Egypt, managed in partnership with leading entertainment companies in the region.
It is worth noting that Media Production City is an Egyptian joint-stock company operating under the public free zone system. Its authorized capital is set at five billion Egyptian pounds, while its issued and fully paid-up capital amounts to 1.806 billion Egyptian pounds, distributed across 180.6 million shares. Recently, the company's Extraordinary General Assembly, convened on March 30, 2026, approved a capital increase of 353.7 million Egyptian pounds, bringing the issued and paid-up capital to 2.250 billion Egyptian pounds, distributed across 225 million shares with a par value of 10 Egyptian pounds per share. Public funds contribute approximately 80% to Media Production City, represented by the National Media Authority, the National Investment Bank, the National Bank of Egypt, Banque Misr, and the Egyptian Company for Investment Projects.
