Talaat Moustafa Group Holding (TMG) recorded a 23% year-on-year improve in web revenue for the primary half of 2026 to EGP 9.9bn, as consolidated revenues rose 24% to EGP 30.2bn, the Egyptian developer stated in a press release on Wednesday.
Talaat Moustafa Group said that its outcomes have been supported by sturdy income progress in the true property growth sector, stable efficiency within the hospitality sector, and continued progress in recurring revenue streams.
Contracted gross sales jumped 27% year-on-year within the second quarter to EGP 170.1 bn, whereas whole new contracted gross sales for the complete first half reached EGP 219.1 bn, representing a 4% improve.
“The primary-half outcomes replicate the energy of the group’s enterprise mannequin and continued sturdy demand for its venture portfolio,” stated Hisham Talaat Moustafa, Chief Government Officer and Managing Director of TMG.
He added that Talaat Moustafa Group will focus within the coming interval on accelerating growth and supply throughout its major tasks, increasing hospitality property, elevating their effectivity, and enhancing recurring revenue sources. In parallel, the group is continuous to implement regional growth plans in Saudi Arabia, the Sultanate of Oman, and Iraq, searching for to copy the built-in city neighborhood growth mannequin it applies within the Egyptian market.
Revenues from the true property growth sector rose 34% year-on-year within the first half to EGP 17 bn, supported by ongoing development work and elevated deliveries. Talaat Moustafa Group delivered roughly 1,459 models throughout the interval—a 131% year-on-year improve—throughout its major tasks, together with Madinaty and Celia. The sector additionally benefited from the beginning of income recognition for the Banan venture, the group’s first growth in Saudi Arabia.
The SouthMed venture recorded contracted gross sales of EGP 93.9 bn throughout the first half of 2026, together with 87 bn EGP within the second quarter alone. This introduced cumulative gross sales for the venture since its launch to about EGP 500bn by the top of June 2026. In the meantime, “The Backbone” venture achieved contracted gross sales of 33.8 bn EGP following its launch within the second quarter. The group is creating “The Backbone” inside Madinaty as a mixed-use venture and built-in information metropolis geared toward changing into an city centre for East Cairo and the New Capital.
Talaat Moustafa Group hospitality sector revenues grew 4% year-on-year to EGP 7.46bn within the first half regardless of regional developments, with international foreign money lodge sector revenues reaching about $151.6m within the first six months. The group plans to open 4 new amenities in coming years, rising its whole variety of lodge rooms and suites to about 5,000 from round 3,500 at present. Concurrently, the group is working to enhance the effectivity of its lodge property, improve income from suites and luxurious lodging classes, and strengthen pricing energy.
Different recurring revenues elevated 24% year-on-year within the first half to EGP 5.7 bn, pushed by growth in leasing actions, administration charges, sports activities golf equipment, and companies. This section contains industrial leasing, retail, sports activities membership operations, and built-in neighborhood companies.
Talaat Moustafa Group expects “The Backbone” venture to assist progress on this space over coming years, estimating that upon reaching full maturity, the venture will generate recurring revenues exceeding 50 bn EGP yearly. Further momentum can also be anticipated with the launch of business and retail elements inside the Banan venture in Saudi Arabia and tasks within the Sultanate of Oman.
