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Our friends at Beltone Holding kicked off the year with record-breaking results, posting EGP 703 mn in net income for 1Q 2025 — a 1.4x jump compared to the same period last year, the company said in its latest earnings release (pdf). Consolidated operating revenues more than doubled y-o-y to hit EGP 2.8 bn during the quarter. The group’s total outstanding lending portfolio grew 2.1x y-o-y to EGP 30.2 bn in 1Q 2025.
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Driving the growth: Beltone’s NBFIs platform reported EGP 2.3 bn in operating revenues during the quarter, up 2.2x y-o-y, supported by strong performances “across leasing and factoring, mortgage, consumer finance, microfinance, venture capital, as well as the recently launched SME financing,” the statement reads.
Also pushing its bottom line up: Operating revenues at Beltone’s investment bank platform came in at EGP 531 mn during the quarter, marking a 2.2x y-o-y jump. Revenues from its investment banking division were up 6.7x y-o-y.
What they said: “Our first quarter results continue to showcase the effectiveness of our data-backed growth strategy and business model, and set the tone for what we are looking to achieve in 2025 and beyond. Our ability to drive broad-based growth across our comprehensive offering reflects a relentless focus on strategic expansion, AI, and digital transformation, three pillars which will remain key engines of future growth as we expand further locally and across high-potential, scalable markets,” Group CEO Dalia Khorshid said.
Looking ahead: “Having recently closed a second historic capital increase, we look at the coming period with renewed optimism fueled by the continued confidence placed in the company by both shareholders and the market,” she said.
REMEMBER- Beltone Holding wrapped up its second landmark EGP 10.5 bn capital increase last month, bringing its total paid-in capital to EGP 21.4 bn. The capital raise was 98% covered in two subscription rounds.
