logo
Egypt: NileSat's net profits near $33mln in H1-25

Egypt: NileSat's net profits near $33mln in H1-25

Zawya9 hours ago
Egyptian Satellites Company (NileSat) posted $32.33 million in net profit from continuing operations in the first half (H1) of 2025, higher than $21.47 million in H1-24.
Revenues amounted to $48.63 million in the first six months (6M) of 2025, an annual decline from $50.80 million, according to the financial results.
Earnings per share climbed to $0.87 in H1-25 from $0.58 in H1-24.
Financial Statements for Q2
During the second quarter (Q2) of 2025, the EGX-listed company achieved a year-on-year (YoY) increase in net profits from continuing operations to $17.58 million, versus $15.09 million.
Meanwhile, the revenues fell to $24.56 million in Q2-25 from $25.35 million in the same quarter a year earlier.
All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies
ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies

Arabian Business

time3 hours ago

  • Arabian Business

ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies

ADNOC Group's six publicly listed companies delivered a combined H1 2025 net profit of AED17.3bn ($4.7bn), supported by a sweeping integration of advanced Artificial Intelligence (AI) technologies across their operations. At the centre of this transformation is MEERAi, ADNOC's proprietary AI platform, which provides real-time, data-driven insights to improve decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is optimising processes, reducing emissions, and enhancing customer experiences. ADNOC Gas Q2 2025 net income: AED5.1bn ($1.385bn), up 16 per cent YoY EBITDA: AED8.3bn ($2.256bn), up 8 per cent Interim dividend: AED6.6bn ($1.792bn), up 5 per cent, payable in September Capital expenditure rose 49 per cent with progress on the $5bn (AED18.36bn) Rich Gas Development Phase 1 Set to join FTSE Index in September following MSCI inclusion ADNOC Distribution EBITDA: AED2.08bn ($566m), up 10 per cent YoY Net profit: AED1.32bn ($358m), up 12.2 per cent YoY Added 47 new service stations in H1; raising full-year target to 60–70 Expanded Voyager lubricant exports to over 47 countries H1 2025 dividend: 10.285 fils per share, payable October ADNOC Drilling Revenue: AED8.71bn ($2.37bn), up 30 per cent YoY EBITDA: AED3.97bn ($1.08bn), up 19 per cent YoY Net profit: AED2.54bn ($692m), up 21 per cent YoY New contract awards worth AED17.63bn ($4.8bn) Upgraded full-year guidance: revenue $4.65–4.80bn, net profit $1.375–1.45bn ADNOC Logistics & Services Fertiglobe Revenue: up 14 per cent in Q2 and 20 per cent in H1 YoY Adjusted EBITDA: up 26 per cent in Q2 and 36 per cent in H1 At least $100m (AED367m) in H1 dividends proposed $31m (AED113.7m) share buybacks in Q2; total shareholder return $131m (AED480.5m) Investing in low-carbon ammonia and expanding downstream capabilities Borouge Q2 net profit: $193m (AED709m) Adjusted EBITDA: $440m (AED1.616bn) in Q2; $1bn (AED3.673bn) in H1 Plans to increase 2025 dividend to 16.2 fils per share; interim 8.1 fils in September Delivered $307m (AED1.13bn) in value through AI, digitalisation and technology programmes The strong half-year performance across all six listed companies reinforces ADNOC's strategy to combine technological innovation with disciplined growth, positioning it as a progressive global energy leader committed to long-term value creation.

What Kodak's woes can teach us about Big Tech, capitalism and brand resilience
What Kodak's woes can teach us about Big Tech, capitalism and brand resilience

The National

time6 hours ago

  • The National

What Kodak's woes can teach us about Big Tech, capitalism and brand resilience

, once among the most recognisable companies in the world, is blaming "misleading media reports" for causing concern after its second-quarter financial results. Although Kodak reported a gross profit of $51 million this week, the Rochester, New York-based company included a "concern assessment" that unnerved investors, employees and customers. The assessment warned various conditions "raise substantial doubt about the company's ability to continue". Kodak, which declared bankruptcy in 2012 and emerged in 2013, has tried to climb back to relevance amid a vastly changed photography, imaging and chemical market. It said reporters misinterpreted the company's disclosure. "Media reports that Kodak is ceasing operations, going out of business or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure the company made to the Security and Exchange Commission," read a statement posted to Kodak's LinkedIn page. Kurt Jaeckel, a senior communications director with Kodak, told The National that the warning "is essentially a required disclosure because Kodak's debt comes due within 12 months of the filing". Mr Jaeckel said the 133-year-old company is confident it will be able to pay its debts by using $300 million from "the reversion and settlement" of Kodak's pension fund. Yet Art Hogan, chief market strategist at B Riley Wealth in Boston, told The National that despite Kodak recently suggesting otherwise, the company's future is still very much in doubt. "Any time you ever hear a company say there are questions about continuing to be an ongoing entity, it's almost a known quantity, it's theta-complete," he said. Mr Hogan said that Kodak – which at its peak employed more than 140,000 workers, but now employs about 3,400 – is struggling to recover from its failure to adapt to digital photography, the decline of film and other market factors. Despite emerging from bankruptcy protection in 2013 and turning to commercial print, advanced materials and chemicals, the company's earnings and overall financial reality leave a lot to be desired. "When your debts and liabilities are going to be larger than the other side of your balance sheet, that's when you sort of turn the lights out and close the doors," Mr Hogan said. Teachable moment for Big Tech? The story of Kodak's rise and fall are almost cliched at this point. The firm's domination of consumer photography through film and camera products, but inability to adjust to digital photography are well documented, although as Mr Hogan says, superficially researched to some extent. In 1975, a Kodak employee by the name of Steven Sasson invented what many to be the first digital camera. Although bulky and initially impractical, the technology showed promise, but Kodak failed to see a future in which digital cameras would destroy the profitable film industry it dominated. It shelved Mr Sasson's digital camera project, and sealed the company's fate when digital cameras started to outsell film cameras. Yet what many often fail to factor in is that even if Kodak supported Mr Sasson's invention, smartphones – not necessarily digital cameras – changed photography forever. As Mr Hogan says, sometimes the rules of economics and time make a company's demise inevitable. Nothing lasts forever. "Going from the top of the leaderboard to being shown the door is something that inevitably happens," he said, adding that if competition and market forces do not cause company dominance to erode, sometimes government regulators step in and break up that dominance. "It's the evolution of capitalism and it's just how things work." He said that even companies like Nvidia, which is experiencing unprecedented success, inevitably falter, and there is not one single moment it can be pegged to. Much like Nvidia, Kodak was once considered an invincible darling of S&P 500. Its stock price, as of the writing of this article, hovers at $5 a share. Mr Hogan also said that although there are optimists who try to compare Kodak's recent struggles to that of Apple, which was nearing irrelevance in the mid-1990s only to come roaring back, those comparisons are ill-conceived. Apple's struggles occurred while the computer industry was still finding its footing and the company was relatively young, whereas Kodak was already past its prime when its downfall began. "It's clearly a fallen angel that's not coming back," Mr Hogan said. Kodak's brand remains strong despite struggles Although Kodak has financially meandered for more than a decade, at this point, the company's logo and name still carry weight. Throughout many parts of the world, and particularly in the Middle East, Kodak signs remain prominent outside print and photo shops. Timothy Kneeland, a professor of history, politics and law at Nazareth University in western New York, said that the company's contributions to chemical and photography breakthroughs helped to give the US brand unprecedented recognition. "Overseas, Kodak is loved," he said. "You can still see retail stores with Kodak branding and merchandise." Prof Kneeland also said when Kodak was ascending to its peak of influence, the company made it a priority to send representatives overseas to promote its film, lenses and cameras, giving the brand a significant advantage over competitors. "Kodak became the standard for film," he said, adding that the company's prolific TV advertisements boasting of capturing "Kodak moments" with cameras, made it a household name for billions. Robert Thompson, a professor of pop culture, television, radio and film at Syracuse University 's Newhouse School of Public Communications, said that in the 1960s, '70s and '80s, Kodak's products and advertising worked so well that the brand almost took on a generic quality, similar to how people refer to tissues as Kleenex or adhesive bandages as Band-Aids. "Their advertising essentially taught people how to use what was once just an emerging technology of photography," he explained. Prof Thompson said Kodak's advertising messages were easily transferable to other parts of the world. He said the now beleaguered company but resilient brand and logo offer a lesson to others at the centre of the current artificial intelligence boom, such as OpenAI and Anthropic. "They turned photography into something that was part of the daily activities of a huge portion of the population," Prof Thompson said. "AI is obviously a big deal too, but Kodak is admirable because it took technology and turned it into an aspirational product enjoyed by billions."

Energean Deepens African Gas Focus Ahead of Silver Partnership at African Energy Week (AEW) 2025
Energean Deepens African Gas Focus Ahead of Silver Partnership at African Energy Week (AEW) 2025

Zawya

time8 hours ago

  • Zawya

Energean Deepens African Gas Focus Ahead of Silver Partnership at African Energy Week (AEW) 2025

International hydrocarbon exploration and production company Energean will participate as a Silver Partner at this year's African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. The company enters the conference with a deepened focus on Egypt's natural gas sector. The company aims to optimize its offshore concessions in the country and plans to integrate its three existing licenses – Abu Qir, North El Amriya and North Idku – in the Nile Delta region to streamline costs and enhance productivity. Energean recently launched an infill drilling campaign in the Abu Qir concession. A well drilled from the North Abu Qir PII platform discovered 270 feet of net play in the BKES-1 and Abu Madi formations – double the pre-drill estimate. The well confirmed gas in place between 87 and 129 billion cubic feet and identified a possible 55-foot liquids column, with first production scheduled to begin later this year. As part of its 2025 strategy, Energean is preparing to drill its low-cost East Bir Nus concession in Egypt's Western Desert and is pursuing near-field drilling opportunities around Abu Qir. The company is also targeting deeper horizons with Abu Qir to access untapped resources and accelerate gas-to-market timelines. Beyond Egypt, Energean continues to advocate for a pan-African approach to natural gas development, calling for accelerated timelines, regulatory clarity and stronger regional cooperation to unlock the continent's vast untapped resources. The company recently emphasized that Africa's energy transformation requires bold leadership and integrated planning, noting that natural gas can play a central role in industrialization, job creation and long-term energy security. Energean is also actively engaging with African governments and stakeholders to share technical expertise, promote infrastructure-led growth and support the development of gas value chains that are both economically and environmentally sustainable. Following an announcement in December 2024 that Energean would target new acquisitions across Africa, along with the Balkans, the UK and the North Sea, the company is actively reshaping its portfolio around high-impact, development-ready assets. This strategic shift comes in the wake of the divestment of mature assets and signals a renewed focus on frontier and underdeveloped regions, where Energean can apply its proven development model. 'Energean's continued investment in Egypt and its broader commitment to unlocking Africa's gas potential reflect exactly the kind of pragmatic, forward-looking energy leadership we need. Their integrated approach to development, combined with deep technical capability, positions them as a key partner in driving energy access, industrial growth and long-term security across the continent,' states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store