RAYA HOLDING FOR FINANCIAL INVESTMENTS
RAYA
Financial ResultsPositive News
Raya Holding Soars: 2024 Profits Triple as Revenues Smash EGP 45B Mark
Raya Holding reports tripled 2024 profits with revenues exceeding EGP 45B amid mixed standalone performance.
April 16, 2025 at 8:49:00 AMScore: 92
Raya Holding for Financial Investment reported a staggering 234% year-on-year (YoY) surge in consolidated net profits after tax, reaching EGP 1.89 billion in 2024, compared to EGP 563.88 million in 2023. Total revenues skyrocketed to EGP 45.11 billion by December 2024, marking a 44% increase from EGP 31.29 billion in the previous year. However, standalone results revealed a contrasting picture: the EGX-listed firm incurred net losses of EGP 566.90 million in 2024, up from EGP 126.93 million in 2023, with revenues dipping to EGP 447.48 million from EGP 518.29 million. Non-consolidated loss per share worsened to EGP 0.13 from EGP 0.05. Notably, Raya achieved EGP 1.27 billion in net profits during the first nine months of 2024, a 160% jump from EGP 489.22 million in the same period last year.
Recommended Actions
- Monitor RAYA stock for potential breakout above EGP 4.25 resistance
- Consider partial profit-taking if holding pre-2023 positions
- Watch for Q1 2025 earnings guidance to confirm growth trajectory
- Compare valuation multiples against sector peers using P/E and P/B ratios
- Set price alerts near 52-week high of EGP 4.35 for entry opportunities
Positive Aspects
- Triple-digit profit growth in consolidated operations
- 44% revenue expansion year-over-year
- Strong 9-month performance showing 160% profit growth
Negative Aspects
- Standalone losses widened due to declining non-consolidated revenues
- Loss per share increased by 160% in non-consolidated results
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RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
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RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
