Palm Hills results, Q1 2024
Net profit, assets, equity and cash flow for Q1 2024, against the same period a year earlier, from the published financial statements.
Net profit1 billionEGP · +296.6% vs the same period a year earlier
Total assets86.03 billionEGP · +67.5% vs the same period a year earlier
Shareholders' equity12.62 billionEGP · +21.3% vs the same period a year earlier
Operating cash flow629 millionEGP · +326.5% vs the same period a year earlier
In short
- Palm Hills's net profit for Q1 2024 was about 1 billion EGP, up +296.6% from 253 million EGP in Q1 2023.
- Total assets at the end of Q1 2024 were about 86.03 billion EGP, and shareholders' equity about 12.62 billion EGP.
- Operating cash flow for Q1 2024 was positive at 629 million EGP.
Key lines against the same period a year earlier
This periodQ1 2023Change
Net profit1 billion253 million+296.6%
Gross profit2.34 billion1.19 billion+96.8%
Total assets86.03 billion51.35 billion+67.5%
Total liabilities73.42 billion40.95 billion+79.3%
Shareholders' equity12.62 billion10.4 billion+21.3%
Total liabilities and equity86.03 billion51.35 billion+67.5%
Operating cash flow629 million-278 million+326.5%
Investing cash flow-389 million-103 million−279.1%
Financing cash flow83.13 million910 million−90.9%
Net change in cash323 million529 million−39.0%
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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