Outstanding Operational Performance and Ambitious Sustainability Drive by AMOC for the Period July–December 2025

The General Assembly of Alexandria Mineral Oils Company; AMOC convened on Thursday, March 26, 2026, to review the company's business performance for the period from July 1 to December 31, 2025, under the theme: "AMOC… A National Journey from Refining to Development." On behalf of H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, the Assembly was chaired by Chem.Maged El-Kordy,AMOC's Chairman and CEO, Eng. Salah Abdel Karim, Chairman of the Egyptian General Petroleum Corporation EGPC, joined via video conference, alongside senior petroleum sector leaders and members of the General Assembly. The meeting follows the Egyptian Exchange's approval to align AMOC's fiscal year to a December 31 year-end. The transition was executed seamlessly, supported by strong institutional coordination and the successful deployment of the SAP-ERP system with minimal disruption. AMOC delivered a strong set of results, reflecting both operational resilience and effective delivery of strategy. Total sales reached 808 thousand tons, generating approximately EGP 20.53 billion, marking a 14.5% increase. Revenues stood at EGP 21.264 billion, while net profit after tax reached EGP 844 million. The company maintained its strategic focus on the domestic market, supplying 95% of total sales (766 thousand tons). Reaffirming its commitment to HSE excellence, AMOC achieved zero environmental violations, reinforcing its sustainability-driven operating model. Looking ahead, AMOC is accelerating its 2026-2030 strategy, aligned with Egypt Vision 2030, with a clear focus on growth, diversification, and operational efficiency. Early execution has already delivered tangible results: Production capacity expanded to 123% through increased feedstock integration, while actual output reached 767 thousand tons, exceeding targets at 108%. Product diversification gained momentum with the launch of a hydrogenation unit to produce Group II base oils. Strategic positioning as a wax aggregation and upgrading hub is underway, supported by integration with sister companies and plans for advanced processing units targeting high-value specialized applications. In parallel, AMOC is unlocking new value streams through SME,Small and Medium Enterprises initiatives, utilizing Egyptian raw materials instead of exporting them in crude form. The company is developing advanced micro-scale technologies with 100% local content, in collaboration with sector partners, targeting products such as scented, medical, and dental wax. Operational excellence remains a key driver of value, with measurable cost efficiencies achieved through enhanced steam systems, improved acid gas treatment, and optimized shutdown strategies. On the social front, AMOC continues to deliver meaningful impact, investing in national development projects including the AMOC applied technology training institute (EGP 45.85 million), women empowerment programs (EGP 11 million), and healthcare support (EGP 5.5 million). Human capital remains at the core of the company's strategy, with 389 training programs implemented and 2,783 training opportunities delivered to enhance workforce capabilities. The General Assembly approved a cash dividend distribution of EGP 0.40 per share. Eng. Salah Abdel Karim commended AMOC's performance and forward-looking strategy, highlighting the company's institutional discipline and its ability to drive sustainable growth. Closing the session, Chem. Maged ElKordy expressed his appreciation for the continued support of the Ministry of Petroleum and EGPC, as well as the contributions of the Board, employees, and shareholders in achieving these results.