Palm Hills results, Q1 2023
Net profit, assets, equity and cash flow for Q1 2023, against the same period a year earlier, from the published financial statements.
Net profit253 millionEGP · −14.3% vs the same period a year earlier
Total assets51.35 billionEGP · +18.4% vs the same period a year earlier
Shareholders' equity10.4 billionEGP · +9.2% vs the same period a year earlier
Operating cash flow-278 millionEGP · −145.6% vs the same period a year earlier
In short
- Palm Hills's net profit for Q1 2023 was about 253 million EGP, down −14.3% from 295 million EGP in Q1 2022.
- Total assets at the end of Q1 2023 were about 51.35 billion EGP, and shareholders' equity about 10.4 billion EGP.
- Operating cash flow for Q1 2023 was negative at 278 million EGP.
Key lines against the same period a year earlier
This periodQ1 2022Change
Net profit253 million295 million−14.3%
Gross profit1.19 billion968 million+22.7%
Total assets51.35 billion43.39 billion+18.4%
Total liabilities40.95 billion33.86 billion+21.0%
Shareholders' equity10.4 billion9.53 billion+9.2%
Total liabilities and equity51.35 billion43.39 billion+18.4%
Operating cash flow-278 million609 million−145.6%
Investing cash flow-103 million-116 million+11.8%
Financing cash flow910 million24.82 million+3566.0%
Net change in cash529 million517 million+2.3%
Figures in EGP from the published statement summaries (consolidated where the company publishes consolidated statements), after normalising reporting units across periods. The exact figure is in the attached report, which may be the standalone version. Figures are as shown in the published statement summary; quarterly figures may be cumulative from the start of the fiscal year.
Palm Hills's Q3 2026 results, the day they are published
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