Egytrans NOSCO Profit Jumps Fivefold as AGL Prepares Full Takeover and Delisting

Egytrans NOSCO's Earnings Surge and AGL's Buyout Approach

Egyptian Transport and Trade Services, known as Egytrans NOSCO, reported a fivefold increase in first-half net profit to EGP 85 million, compared with EGP 16.94 million in the same period of 2025. Revenue also rose to EGP 802.7 million from EGP 588 million. The first quarter alone contributed EGP 70.444 million in net profit, against EGP 3.32 million a year earlier.

The same disclosure confirmed that the board has approved a request from Africa Global Logistics, or AGL, to conduct due diligence for 60 days from the start date, renewable by a board decision. The company stressed that this approval is not acceptance of any offer and creates no legal or financial obligation for the company or its shareholders.

AGL has formally notified Egytrans NOSCO of its intention to submit a mandatory purchase offer for up to 100% of the company's shares, with a minimum execution threshold of 75%. The stated goal after completing the acquisition is the voluntary delisting of Egytrans NOSCO from the Egyptian Exchange.

The preliminary offer price has been set between EGP 11.25 and EGP 12.25 per share, subject to change after financial, tax and legal due diligence. In Monday's session, the stock rose 5% to close at EGP 10.82, just below the lower end of the preliminary range.

What the AGL Offer Means for Egytrans NOSCO and Its Shareholders

AGL Aims for Control and a Voluntary Delisting

The board's disclosure shows that AGL has moved beyond informal interest: it has formally stated its intention to launch a mandatory purchase offer under Article 330 of the executive regulations of Capital Market Law No. 95 of 1992. The offer would cover up to 100% of issued shares, with a minimum acceptance condition of 75%, and the final purpose is to remove the stock from the Egyptian Exchange after the acquisition.

The 60-day due-diligence window does not bind Egytrans NOSCO or its shareholders. In practice, however, it gives AGL access to the financial, tax and legal information required to firm up the bid. The board's caveat that it is not accepting or committing to the offer signals that the current terms are still preliminary.

The Initial Price Band Sits Modestly Above Monday's Close

The preliminary price range of EGP 11.25 to 12.25 compares with Monday's closing price of EGP 10.82. The lower end is therefore only about 4% above the market close, leaving limited immediate upside unless AGL raises the final price. The company said the price could move up or down after the due-diligence process.

For minority shareholders, the critical condition is AGL's stated minimum of 75%. If that acceptance level is not reached, the voluntary delisting plan cannot proceed on those terms, and the stock would remain listed.

Fivefold Profit Growth Strengthens the Target's Position

The takeover approach is arriving alongside a sharp improvement in operating results. Revenue increased by more than a third, and first-half net profit rose fivefold, with the first quarter delivering most of that improvement. This gives the board a credible basis to argue that the company's current earning power should be reflected in any final acquisition price.

A buyer seeking to delist at the lower edge of the preliminary range may face pushback, because the financial momentum is clearly positive. At the same time, the final price remains uncertain and depends on the results of AGL's due diligence and any regulatory approvals.

What Egytrans NOSCO Shareholders Should Watch Next

• The 60-day due-diligence period is not a binding offer. Shareholders do not need to act now; any binding step requires a formal offer and approval by the Financial Regulatory Authority and other relevant bodies.
• The preliminary offer range is EGP 11.25 to 12.25 per share, while Monday's close was EGP 10.82. The final price can still rise or fall after financial, tax and legal due diligence.
• AGL's disclosed condition is to acquire at least 75% and up to 100% of shares, with the aim of delisting. If the 75% threshold is not met, the voluntary delisting plan cannot proceed on those terms.
• The board has confirmed that neither the company nor shareholders have any legal or financial obligation to sell or accept the preliminary price. The next decision point is after the board reviews the study and any revised offer.