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 second quarter of fiscal year 2026, covering the period from January 1, 2026, to June 30, 2026. These statements showed a significant improvement in financial results, with net profit rising to EGP 532 million, compared to EGP 359 million, representing a 48% increase compared to the same period last year. Earnings per share reached EGP 2.11, compared to EGP 1.42 for the same period of the previous year.
This comes as a natural result of the expansion of the company's various activities, which has positively impacted the economic situation. These activities include:
First: Studio rentals, where studio, administrative, and technical office occupancy rates reached an unprecedented 100%, accompanied by an unprecedented increase in the company's total revenue from its core business.
Second: Open-air filming locations, which the company has significantly expanded, reaching approximately 25 locations and adding more than 100,000 square meters of new filming 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 execution of numerous projects, with the commission overseeing the production of approximately 105 foreign films of various nationalities 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. The company's Extraordinary General Assembly, held 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.
