Alexandria, Egypt – The Alexandria Mineral Oils Company (AMOC) has exceeded its production targets for the 2024/25 fiscal year, achieving 108% of its planned output for oils and waxes, while significantly expanding its footprint in African export markets. The company produced 172,000 tons of oils and waxes and maintained a profitable fuel mix that included diesel, naphtha, and butane—contributing to a total output of 442,000 tons.
Chairman Maged ElKordy shared the results during AMOC’s ordinary and extraordinary general assembly meetings, which were attended by Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi. The meetings formally approved the company’s performance for the fiscal year.
Mazut production reached 666,000 tons, while AMOC supplied 1.191 million tons of petroleum products to the domestic market, valued at EGP 33.66 billion. On the export front, the company made notable inroads into new African markets, shipping 70,000 tons of product worth $65 million—a 9% increase over the previous year.
Financial Strength and Market Recognition
AMOC’s strong performance has earned it continued recognition, marking its fourth consecutive year on Forbes’ list of Egypt’s most profitable and valuable companies. The company also joined the Egyptian Exchange’s newly launched EGX35-LV index, which features firms with high liquidity and low-price volatility.
Minister Badawi commended AMOC’s operational excellence and its role in securing Egypt’s energy needs. “AMOC’s performance reflects the strength of our petroleum sector and the dedication of its workforce,” he said.
Profit Growth and Fiscal Realignment
In its September financial disclosure to the Egyptian Exchange, AMOC reported a 17% rise in standalone net profits, reaching EGP 1.49 billion. Sales climbed to EGP 36.9 billion, up 10.8% from the previous fiscal year. The company’s total investments stood at EGP 5.1 billion, with equity valued at EGP 4.9 billion.
In a strategic shift, AMOC’s Extraordinary General Assembly approved a change in its fiscal calendar, moving from a July–June cycle to a January–December format, aligning with global reporting standards and enhancing transparency.
With its expanding export portfolio and robust financials, AMOC is positioning itself as a key player in Africa’s energy supply chain, offering opportunities for regional integration and downstream development.