SCA Chairman Osama Rabie disclosed the figures during a meeting with representatives from 20 major shipping lines and agencies at the authority's headquarters in Ismailia on Wednesday.

The revenue increase comes alongside a 5.8 percent rise in transiting vessels and a 16 percent increase in net tonnage compared to the same period last year, Rabie said, attributing the gains to improved security in the Bab Al-Mandeb Strait and broader Red Sea area.

"Conditions are now highly favorable for the return of all shipping lines," Rabie told industry representatives, citing positive indicators for the resumption of navigation through "one of the most important international shipping routes" connecting East and West.

Since the outbreak of Israel's war on Gaza in October 2023, major global shipping lines have diverted vessels away from the canal following the Houthi attacks on commercial vessels in the Red Sea and the Bab Al-Mandeb Strait, which the Yemeni group said were in solidarity with the Palestinians.

In recent months, however, major carriers have gradually resumed transiting the canal after a period of sharp losses that cost the authority an estimated $7 billion in revenue.

Some shipping lines have already begun returning to the Suez Canal route following the improved security situation, with current indicators pointing to continued revenue growth, according to Rabie.

Rabie credited Egypt's diplomatic efforts under President Abdel Fattah El-Sisi, including the Sharm El-Sheikh Peace Summit to end the Gaza war, with restoring regional security and reassuring the international maritime community about freedom of navigation.

He also outlined ongoing infrastructure improvements, including expansion projects in the canal's southern sector and the introduction of enhanced navigational services aimed at improving maritime safety and efficiency.