Egyptian food company Gourme Egypt has announced the opening of a new branch in the Ivory Business Park in Sheikh Zayed, expanding its retail presence in the country. The new branch spans 550 square meters, as part of the company's plan to enhance its market position and increase its business volume. This move is part of Gourme Egypt's strategy to strengthen its foothold in the Egyptian market.
The new branch brings the total number of Gourme Egypt's branches to 23, covering a total area of approximately 12,750 square meters. The company has been experiencing significant growth, with its financial results for the first half of 2026 showing a 46.9% increase in net unified profits attributable to the parent company's shareholders, reaching around 69.7 million Egyptian pounds.
In the first half of 2026, Gourme Egypt's net unified profit after tax rose by 46.1% year-over-year to 139.4 million Egyptian pounds, compared to 95.5 million Egyptian pounds in the same period of 2025. The company's sales also saw a significant increase, growing by 27% to 1.69 billion Egyptian pounds. This growth trend continued in 2025, with sales reaching 2.88 billion Egyptian pounds, up from 2.12 billion Egyptian pounds in 2024.
Gourme Egypt's expansion plans are focused on supporting sales growth and increasing the brand's visibility, while also developing its private label products and e-commerce channels. The company's growth strategy appears to be yielding positive results, with its sales and profits showing a steady increase over the past two years.
The company's successful initial public offering (IPO) in February 2026, which saw 47.6% of its shares sold, provided the necessary capital to fuel its expansion plans. The IPO was met with strong investor interest, underscoring the market's confidence in Gourme Egypt's growth potential.
With its growing presence in the Egyptian market, Gourme Egypt is well-positioned to capitalize on the country's increasing demand for food products. The company's focus on expanding its retail network and developing its product offerings is likely to drive further growth and profitability.
As Gourme Egypt continues to execute its expansion strategy, the company is expected to maintain its growth momentum and strengthen its position in the Egyptian food market. The opening of the new branch in Sheikh Zayed is a significant milestone in this journey, and the company is likely to explore further opportunities for growth and expansion in the region.
Key points
- Gourme Egypt's new branch in Sheikh Zayed brings its total number of branches to 23.
- The company's net unified profit after tax rose by 46.1% year-over-year to 139.4 million Egyptian pounds in the first half of 2026.
- Gourme Egypt's sales grew by 27% to 1.69 billion Egyptian pounds in the first half of 2026.
