AMOC Alexandria Mineral Oils Refiner migrating from thin-margin EGPC fuel sales to higher-margin specialty oils and wax exports — five straight years of dividend increases. AMOC is not state-majority controlled — ~38% free float, dispersed bank and pension ownership. Five straight years of dividend increases; H1 2026 standalone net profit EGP 1.63bn +141% YoY on sales EGP 25.6bn +35% already clears the EGP 2.1bn FY2026 guidance on an annualized basis. ~90% domestic EGP revenue vs ABUK/MFPC exporters — refining spreads and specialty wax/oils drive the growth case. Second-stage refiner in Alexandria — fuels diesel, naphtha, LPG, mazot plus oils and waxes; 86.45% of Alexandria Wax Products. Research Pend publishes — not investment advice. Users apply their own mandate.

AMOC (Alexandria Mineral Oils)

Refiner migrating from thin-margin EGPC fuel sales to higher-margin specialty oils and wax exports — five straight years of dividend increases.

AMOC is not state-majority controlled — ~38% free float, dispersed bank and pension ownership. Five straight years of dividend increases; H1 2026 standalone net profit EGP 1.63bn (+141% YoY) on sales EGP 25.6bn (+35%) already clears the EGP 2.1bn FY2026 guidance on an annualized basis. ~90% domestic EGP revenue vs ABUK/MFPC exporters — refining spreads and specialty wax/oils drive the growth case.

Second-stage refiner in Alexandria — fuels (diesel, naphtha, LPG, mazot) plus oils and waxes; 86.45% of Alexandria Wax Products.

Research Pend publishes — not investment advice. Users apply their own mandate.