Juhayna Food Industries (JUFO) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record EGP 9.981bn, up 25% YoY; 9M revenue rose 25% to EGP 27.659bn, driven by broad volume growth across segments.

• 9M net profit was EGP 2.036bn, up 26%; Q3 net profit rose 33% to EGP 654mn despite a pre-tax FX loss of EGP 107mn.

• EBITDA margin expanded, while gross margin faced pressure from concentrate pricing, FX-related input costs and freight.

• Management reported net debt and inventory slightly lower than at H1 end, alongside continued investment in production capacity.

Financial highlights

• Q3 gross profit rose 23% to EGP 2.320bn; gross margin was 23.2%, down 0.3 percentage points YoY. 9M gross profit rose 21% to EGP 6.646bn at a 24% margin.

• Q3 EBITDA increased 28% to EGP 1.462bn; 9M EBITDA rose 19% to EGP 4.136bn.

• Q3 net profit was EGP 654mn versus EGP 491mn; 9M net profit was EGP 2.036bn versus EGP 1.272bn. 9M EPS was EGP 1.38 versus EGP 0.86.

• Q3 SG&A was 10.5% of sales, down 0.6 percentage points YoY; the 9M ratio was 11.1%, broadly flat YoY.

Outlook and guidance

• Q4 is expected to run at a level similar to the first three quarters, though it is usually seasonally weaker and FX remains a P&L variable.

• For 2027, management expects growth in a range similar to 2026; volume and average selling price growth may be close to, or slightly below, 2026. Figures remain under review.

• Q4 pricing and discount changes were underway, including price increases implemented in November; further details were not specified.

• Management expects inventory to decline further by year-end and does not plan additional stockpiling if current conditions persist.

• Priorities include strengthening the Egyptian market position, growing finished-product exports and pursuing regional opportunities.