Financial Reporting
Annual Financial Reporting
1. Overview
AASTMT is committed to upholding the highest standards of financial transparency and accountability. The institution publishes audited annual financial reports that are independently verified by KPMG Hazem Hassan, one of the leading international audit firms operating in Egypt. These reports are produced on an annual basis and cover all dimensions of the institution's financial position including income, expenditure, borrowing, and surplus.
2. Annual Financial Report Publication
AASTMT's financial reports are prepared and published on an annual basis. They are externally audited to international standards, signed by the Chief Accountant and the President of Financial Affairs, and verified by KPMG Hazem Hassan. The most recently issued report, dated 26 February 2026, covers three consecutive fiscal years: FY 2023, FY 2024, and FY 2025.
The reports encompass the following required financial components:
- Income: Total revenues earned across all operations.
- Expenditure: Total operating costs, personnel costs and all other operating costs.
- Borrowing: Long-term debt positions as reported in the balance sheet.
- Surplus: Operating profit / profit for the period.
3. Financial Performance Summary (Income Statement)
All figures in Egyptian Pounds (EGP). Source: AASTMT Audited Financial Report, verified by KPMG Hazem Hassan, 26 February 2026.
|
Item |
FY 2025 |
FY 2024 |
FY 2023 |
|
Income (Total Revenues) |
344,602,963 |
338,848,407 |
290,786,712 |
|
Expenditure (Total Operating Costs) |
337,675,417 |
332,884,535 |
285,271,947 |
|
Surplus (Operating Profit) |
6,927,546 |
5,963,872 |
5,514,765 |
Total revenues grew consistently across the three-year period, from EGP 290.8 million in FY 2023 to EGP 344.6 million in FY 2025, reflecting sustained institutional growth. The operating surplus was positive in all three years, demonstrating sound financial management and institutional stability.
Expenditure is calculated as the sum of personnel costs and other operating costs as reported in the audited statements. Internal cost breakdowns beyond this summary level are held within the full audited financial statements.
4. Balance Sheet Summary (Borrowing and Assets)
All figures in Egyptian Pounds (EGP). Source: AASTMT Audited Financial Report, verified by KPMG Hazem Hassan, 26 February 2026.
|
Item |
FY 2025 |
FY 2024 |
FY 2023 |
|
Total Assets |
744,431,842 |
655,322,270 |
529,593,514 |
|
Borrowing (Long-term Debt) |
169,868,032 |
145,713,062 |
189,676,265 |
|
Total Liabilities |
232,632,045 |
200,070,951 |
225,551,023 |
|
Capital including Reserves |
509,799,797 |
302,042,491 |
453,251,319 |
Total assets grew from EGP 529.6 million in FY 2023 to EGP 744.4 million in FY 2025, reflecting continued institutional investment. Long-term debt (borrowing) decreased from EGP 189.7 million in FY 2023 to EGP 169.9 million in FY 2025, indicating progress in managing long-term financial obligations. Capital including reserves grew significantly from EGP 453.3 million to EGP 509.8 million over the same period.
5. Financial Transparency and Public Access
In addition to its audited financial statements, AASTMT reinforces its commitment to financial transparency through the following publicly accessible resources:
- Tuition fees and discount schemes are published on the official AASTMT website.
- Financial management guidelines, including the roles and responsibilities of AASTMT's financial specialists, are published and accessible.
- Financial aid and student support programmes are actively offered to students facing economic hardship, ensuring access to quality education for all qualified students. (Student Support and Financial Aid)
Stakeholders seeking full financial records or further information are encouraged to consult the official AASTMT website or contact the Financial Aff