MIDROC Posts 66 Billion Birr in Six-Month Sales, Profit Surges 95%

EBR_News Mar 10, 2026

MIDROC Investment Group has reported total sales of 65.99 billion birr in the first half of the 2025/26 fiscal year, surpassing its target and marking a 71 percent increase compared to the same period last year, according to an announcement from the conglomerate.

The group reviewed its performance at the Sheraton Addis Luxury Collection Hotel, with the report indicating that the institution achieved 176 percent of its profit plan, representing a 95 percent increase year-on-year. MIDROC spent more than 18.4 billion birr in Taxes and other government obligations during the period, a 166 percent increase over the same period last year.

The group earned over $155 million in foreign exchange from products and services supplied to international markets in the first half of the year, a 53 percent increase compared to the same period last fiscal year.

CEO Jemal Ahmed stated that the results achieved across all sectors are encouraging while emphasizing the need to focus on marketing, production, and cost reduction. He said the company will concentrate on projects that ensure continued institutional effectiveness by updating project implementation and operating systems.

Jemal noted that MIDROC has completed projects that will make the country proud across all sectors with high quality, commissioning them within the first six months of the fiscal year. He urged all group management to be proactive in ensuring that major new projects are launched this fiscal year and completed on time.

The CEO reaffirmed that MIDROC Investment Group will continue strengthening its contribution to the national economy by increasing its share in domestic and global markets.

During the past six months, two flagship projects Denby Eco Lodge and the Arjo Coal Production Factory were inaugurated by Prime Minister Abiy Ahmed (PhD). MIDROC Investment Group comprises more than 45 organizations organized across six sectors and currently provides employment for over 80,000 citizens.