Edita Food Industries reports 30.5% revenue growth in second quarter of 2026

Edita Food Industries (EGX: EFID) reported consolidated revenue of EGP 6,479.9 million for the second quarter of 2026, up 30.5% year on year, and net profit of EGP 706.7 million, up 31.1%. The packaged snack food producer published the figures in Cairo on 12 August 2026, covering the quarter and the six month period ended 30 June 2026.

Gross profit for the quarter was EGP 2,136.8 million, up 29.8%, with the gross margin at 33.0% against 33.2%. EBITDA rose 30.3% to EGP 1,175.7 million at a margin of 18.1%, and the net margin held at 10.9%. For the first half revenue was EGP 12,250.4 million, up 32.5%, gross profit EGP 4,149.2 million, up 38.3%, EBITDA EGP 2,230.6 million, up 39.7%, and net profit EGP 1,499.8 million, up 63.0%. The figures are drawn from unaudited management accounts prepared under IFRS.

Volume, price and the segment split

Packs sold in the quarter rose 16.6% to 1.1 billion and tons sold rose approximately 23.9% to 44.5 thousand tons. Average price per pack reached EGP 6.14, up 12.0%. Across the half, packs rose 17.4% to 2.1 billion, tons rose 29.8% to 86.5 thousand tons and the average price per pack was EGP 5.95, up 12.8%.

Cakes remained the largest category, with quarterly revenue of EGP 3,421.7 million, up 30.0%, on packs up 18.3% to 656 million and an average price per pack of EGP 5.22. Bakery grew fastest among the core lines, at EGP 1,949.0 million, up 42.4%, on packs up 34.3% to 234 million at EGP 8.33 per pack. Over the half Bakery revenue rose 52.7% to EGP 3.5 billion with packs up 48.8% to 435 million.

The smaller categories moved in different directions. Wafers revenue rose 14.5% to EGP 540.4 million in the quarter, but only because average price per pack rose 24.6% to EGP 5.44 while packs sold fell 8.1% to 99 million and tons fell 7.0%. Rusks revenue fell 1.2% to EGP 265.8 million as packs dropped 19.0% to 27 million against a 21.9% price increase to EGP 9.78. Candy revenue rose 37.3% to EGP 175.4 million on packs up 26.6% to 27 million, Biscuits revenue rose 32.4%, and the Frozen line, Forni, rose 33.6% to EGP 22.8 million.

Net export sales were EGP 623.8 million in the quarter, up 38.3%, and EGP 1.17 billion in the half, up 52.3%, both equal to 9.6% of total revenues. Edita Morocco generated EGP 301.3 million in the half, up 7.2%. Edita Iraq contributed EGP 72.5 million, mostly in the second quarter, from a single cake production line that started operations toward the end of March 2026.

Cost lines and capacity

Cost of goods sold rose approximately 30.9% to EGP 4.3 billion in the quarter, with direct materials stable at 56.1% of revenue, manufacturing overheads at 9.7% against 9.5% and industrial depreciation down to 1.2% of sales from 1.5%. Across the half, cost of goods sold rose 29.7% to EGP 8.1 billion, slower than revenue, with direct materials falling to 55.0% of revenue from 56.2%.

Selling, distribution, advertising and administrative costs rose 29.8% to EGP 1.1 billion in the quarter, or 16.4% of sales against 16.5%. On a six month basis the same costs rose 37.0% to EGP 2.1 billion, or 17.3% of revenues against 16.7%.

On capacity, the company brought one of the bakery lines acquired in October 2025 into operation during the quarter, fully ramped by April and at full utilisation in the second quarter. That was the second of four acquired lines to reach full use in the half, after a cakes line in the first quarter. In Iraq a second line, for bakery products, started in July 2026. Edita received ISO 50001:2018 certification for energy management in July 2026, its fifth ISO certification, covering five of its six Egyptian factories, and in May 2026 began installing a rooftop photovoltaic array of approximately 390 kWp at its Sheikh Zayed headquarters.

Analysis: price is carrying the categories that volume has left

The quarter reads well at the group level and unevenly underneath it. Group packs rose 16.6% while the average price per pack rose 12.0%, so roughly half the revenue growth is volume and half is price and mix. Split by category that balance disappears. In Cakes and Bakery, volume leads: packs up 18.3% and 34.3% against price increases of 10.0% and 6.1%. In Wafers and Rusks, price is doing all the work and volume is falling, with packs down 8.1% and 19.0%. Wafers revenue growth of 14.5% sits on a 7.0% decline in tons, which means the segment sold less product for more money.

That distinction matters because the two mechanisms have different limits. Volume growth in Cakes and Bakery is supported by new production lines coming online, two of four acquired lines now at full utilisation. Price-led growth in Wafers and Rusks rests on the average pack price, which rose 24.6% in Wafers while units fell 8.1%; the release sets out no pricing plan for the coming quarters. The first half Wafers line makes the point plainly: revenue up 1.2% on packs down 17.5%.

The other item worth isolating is the source of the first half profit. Net profit rose 63.0% over the half but only 31.1% in the second quarter, and the company attributes the year-to-date figure partly to significantly higher interest income. First quarter net profit was EGP 793.1 million, more than the EGP 706.7 million earned in the second quarter, on first quarter revenue of EGP 5.8 billion against EGP 6.5 billion. Profit fell quarter on quarter while revenue rose. The release does not quantify interest income separately, so the split between trading profit and treasury income cannot be established from this document. Second quarter gross margin also slipped to 33.0% from 33.2%, against half year expansion to 33.9% from 32.4%.

The next disclosures to watch are the full financial statements, which would size the interest income line, and the ramp of the remaining two acquired production lines, which is what the volume side of the story now depends on.