MFPC Misr Fertilizers Export-heavy nitrogen producer — ~79% of sales priced in hard currency while gas feedstock is sourced domestically via EGAS. Income + hedge character; dividend policy is a core return driver. MOPCO MFPC is Egypt's largest listed fertiliser name — three urea/ammonia plants, ~80% export sales in FY2025. FY2025 net profit fell 25% to EGP 11.3bn despite sales up 37% FX translation swing vs FY2024 ; Q1 2026 rebounded strongly. Proposed FY2025 dividend EGP 3.94/share 100% of EPS, down from EGP 5.27 prior year approved April 2026. Value case: dollar-priced urea/ammonia vs subsidised gas, equity EGP 47.8bn at year-end 2025. Price drivers: global urea prices, EGP/USD, gas policy, US$90/ton export duty from May 2026 — verify live EGX quote. Physical urea/ammonia plants in Damietta; ~79% export revenue; gas ~74% of cost of sales EGAS/GASCO ; state-linked shareholders ECHEM 31.5%, Saudi Co. 24% ; FY2025 dividend EGP 3.94; book ~EGP 18.51/share. Research Pend publishes — not investment advice. Users apply their own mandate.

MFPC (Misr Fertilizers)

Export-heavy nitrogen producer — ~79% of sales priced in hard currency while gas feedstock is sourced domestically via EGAS. Income + hedge character; dividend policy is a core return driver.

MOPCO (MFPC) is Egypt's largest listed fertiliser name — three urea/ammonia plants, ~80% export sales in FY2025. FY2025 net profit fell 25% to EGP 11.3bn despite sales up 37% (FX translation swing vs FY2024); Q1 2026 rebounded strongly. Proposed FY2025 dividend EGP 3.94/share (100% of EPS, down from EGP 5.27 prior year) approved April 2026. Value case: dollar-priced urea/ammonia vs subsidised gas, equity EGP 47.8bn at year-end 2025. Price drivers: global urea prices, EGP/USD, gas policy, US$90/ton export duty from May 2026 — verify live EGX quote.

Physical urea/ammonia plants in Damietta; ~79% export revenue; gas ~74% of cost of sales (EGAS/GASCO); state-linked shareholders (ECHEM 31.5%, Saudi Co. 24%); FY2025 dividend EGP 3.94; book ~EGP 18.51/share.

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