The Alexandria Mineral Oils Company (AMOC) output of oils and waxes reached 172,000 tons in the fiscal year (FY) 2024/25, representing 108% of the target for the year. This was achieved while maintaining a production mix of the most profitable fuels like diesel, naphtha, and butane gas, with an overall production of 442,000 tons, Maged ElKordy, Chairman of the company, stated.

This was revealed during the ordinary and extraordinary general assembly meetings attended by Karim Badawi, Minister of Petroleum and Mineral Resources, to approve the company’s performance in FY 2024/25

ElKordy noted that mazut production reached 666,000 tons in 2024/25. Furthermore, the company supplied the local market with 1.191 million tons of products valued at EGP 33.66 billion. In addition, AMOC penetrated new export markets, particularly in Africa, exporting 70,000 tons valued at $65 million, marking a 9% increase over the previous year.

For the fourth consecutive year, AMOC has been included in the Forbes ranking of the best Egyptian companies in terms of profitability and market value. Additionally, it joined the Egyptian Exchange’s new index (EGX35-LV) 2025, which comprises over 35 companies characterized by high financial liquidity and low price volatility.

Badawi praised the outstanding performance indicators achieved by AMOC during the year, which reflect its strength as a company listed on the Egyptian Exchange. He also commended the efforts of its employees and the integrated work done to secure the Egyptian market’s needs for petroleum products.

Earlier in September, the company sent to the local bourse a disclosure of its financial results for 2024/2025, which showed a 17 per cent increase in its standalone net profits to reach EGP 1.49 billion. This came on the back of Sales of EGP36.9 billion, marking a 10.8 %  gain over its value in 2023/2024.

Total investments stood at  EGP 5.1 billion, with total equity around EGP 4.9 billion.

The Extraordinary General Assembly approved the amendment of the fiscal year to begin in January and end in December, instead of July to June.