Elsewedy Electric, a global leader in integrated energy solutions, infrastructure, and
digital transformation, has achieved significant growth across all its business segments
in 2025 The company saw strong performance particularly in the wires and cables and
engineering and construction sectors This growth underscores the effectiveness of Elsewedy
Electric’s strategy of diversifying revenue streams geographically and across different sectors
enabling sustainable expansion and strengthening its presence in international markets
Strong Performance Across All Business Segments in 2025
Ahmed Shokry, Group Chief Financial Officer at Elsewedy Electric, highlighted that every
business segment recorded growth in 2025, with particular success in the wires and cables
and engineering and construction divisions The latter saw a notable growth rate of approximately
25%. Shokry attributed the company’s strong performance to its diversified strategy, which allowed for
robust sales growth despite challenges such as heightened competition and expanding into new
geographical markets He acknowledged that while competition in key markets, notably in Egypt
and margin pressures in Saudi Arabia in the second half of the year affected profit margins
these challenges were expected in the early stages of market expansion. Shokry emphasized
that entering new markets often involves accepting lower initial margins to establish a
sustainable foothold
International Revenue Growth and the Expansion into New Markets
Elsewedy Electric has successfully increased its international revenue share, which now
accounts for about 70% of total revenues compared to around 30% from Egypt’s domestic
market Gulf markets are the largest contributors, generating 35% to 40% of total revenues
while Algeria and the United Kingdom are also showing positive results
As part of its strategic efforts to grow in Asia and the Americas, the company is expanding into
new markets such as Indonesia, further diversifying its geographic presence beyond the traditional
markets in the Middle East, Africa, and Europe This expansion aligns with Elsewedy Electric’s
long-term vision of strengthening its global footprint Additionally, around 70% of the Group’s
revenues are now denominated in foreign currencies, highlighting the increasingly international
nature of the company’s operations
Saudi Arabia: A Key Growth Market for Elsewedy Electric
Saudi Arabia remains one of the most important markets for Elsewedy Electric’s growth
The company has invested over USD 300 million over the past two years to expand existing
facilities and establish new manufacturing lines for cables, transformers, and cable accessories
The company is also executing major power generation and transmission projects in Saudi
Arabia worth approximately USD 3 billion, highlighting the critical role of Saudi Arabia in
the company’s growth strategy
Project Backlog Reaches USD 6.5 Billion
Elsewedy Electric’s project backlog has reached approximately USD 6.5 billion, surpassing
the typical backlog size seen in previous years. This strong project pipeline reflects the
company’s ability to secure large-scale projects across various sectors, further solidifying
its market position
Global Economic Challenges and Supply Chain Impact
In light of recent global economic uncertainties, Shokry noted that while geopolitical tensions
have not yet directly impacted project execution, global supply chains have been affected
Shipping costs and timing delays remain challenges that the company is monitoring closely
to ensure that ongoing projects are not disrupted, maintaining delivery timelines and client satisfaction
Focus on the Ras El Hekma Project in Egypt
Elsewedy Electric is actively involved in the Ras El Hekma project in Egypt, with tenders
for related materials now emerging The company is set to play a pivotal role in the
execution of this project, which is expected to begin shortly
About Elsewedy Electric
Elsewedy Electric (EGX: SWDY.CA) is a leader in integrated energy solutions, infrastructure
and digital transformation For over 85 years, the company has been dedicated to delivering
reliable energy solutions that contribute to building smarter and more livable cities With
operations across Africa, the Middle East, and Asia, Elsewedy Electric operates through five
main sectors wires and cables, electrical products, engineering and construction, infrastructure
investments, and digital solutions Headquartered in Egypt, Elsewedy Electric reported revenues
of USD 5 billion in 2023, employs over 19,000 people, and operates in more than 48 international
offices and 31 production facilities The company exports to over 110 countries worldwide
