Earnings. Earnings. Fintech players E-finance and Fawry, developer Orascom Development Egypt, and telecom operator WE all reported their 1Q 2025 earnings.

E-FINANCE SEES INCOME, REVENUES RISE-

State-owned fintech giant E-finance saw its net income after non-controlling interest rise 30.2% y-o-y to reach EGP 602.3 mn during the first quarter of the year, according to its latest earnings release (pdf). Consolidated revenues for the quarter jumped 40.9% y-o-y to EGP 1.62 bn, thanks to “broad-based growth across most of the group’s subsidiaries.”

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Driving the growth: E-finance’s flagship business E-finance Digital Operations contributed 87% of the company’s total revenues for the quarter, with the subsidiary’s top line rising 36.4% y-o-y to EGP 1.4 bn. This was “driven by solid results across its transaction and cloud hosting revenues” as transaction revenues rose 35.1% y-o-y to EGP 584.1 mn and cloud hosting revenues were up 65.1% y-o-y to EGP 609.7 mn. Revenues also saw solid growth across E-finance’s other subsidiaries, including eNovate, eNable, and eAswaaq. However, eKhalas was the only subsidiary to see a dip in revenues during the quarter, with a 12.6% dip, which came on the back of the “recording of non-recurring POS sales during the comparable quarter in 2024.”

Looking ahead: “Our strong first-quarter performance reaffirms the Group’s solid fundamentals, proven business model, and outstanding talent. As we look ahead, we remain fully committed to our strategic objectives, particularly the acceleration of Egypt’s digital economy. We will continue to identify new high-impact opportunities in financial services, healthcare, and education, while maintaining our disciplined approach to value creation,” Chairman Ibrahim Sarhan said.

ALSO FROM E-FINANCE- The fintech giant plans to deploy new investment to expand domestically and abroad, Sarhan told Asharq Business. The company formed a joint task force with shareholder Saudi Egyptian Investment Company to explore potential investments.

FAWRY’S NET INCOME ALMOST DOUBLES-

EGX-listed fintech giant Fawry saw its bottom line jump 97.1% y-o-y to EGP 605.4 mn in 1Q 2025, according to its latest earnings release (pdf). The company’s top line grew 65.1% y-o-y to EGP 1.8 bn during the period, driven by “the expansion and diversification of the company’s business offerings.”

Growth across the board: Fawry’s banking services segment — which contributed nearly 40% of the firm’s revenue for the quarter — saw its revenues jump 55.9% y-o-y to EGP 712.2 mn. The alternative digital payments segment, which was the second largest contributor to Fawry’s overall revenues, recorded revenues of EGP 462.0 mn, marking a 30.2% y-o-y increase. The financial services segment saw the highest annual growth, jumping 164.2% y-o-y to EGP 460.2 mn, while revenues from supply chain solutions surged 35.3% y-o-y to EGP 102.3 mn during the same period.

Moving forward: “We are advancing our strategy to leverage our big data and AI platform across key areas such as dynamic customer engagement, fraud detection, credit scoring, and code generation. These initiatives aim to deliver more personalized customer experiences, enable behavior-driven decision-making, and boost operational productivity,” CEO Ashraf Sabry said.

ORASCOM DEVELOPMENT ENDS 1Q IN THE GREEN-

Orascom Development Egypt recorded a net income of EGP 2 bn in 1Q 2025, marking a “dramatic” recovery from a EGP 1 bn loss recorded during the same period last year, according to the company’s latest earnings release (pdf). Revenues rose 54.3% y-o-y to EGP 6.4 bn during the quarter.

The company’s hospitality segment achieved record revenues during the quarter, rising 68.4% y-o-y to reach EGP 1.2 bn, thanks to El Gouna hotel revenues increasing 67.9% y-o-y to EGP 1.2 bn during the period. The “outstanding performance” in the sector came despite the “challenging global macro and geopolitical environment, particularly in the Middle East” and “being impacted by the Holy Month of Ramadan in March 2025,” the report read.

ALSO- Driving the increase was a 48.5% y-o-y jump in commercial assets to reach EGP 950.9 mn and “the recognition of EGP 1.6 bn derived from the land sale in El Gouna, a transaction executed in late 2024 with Hassan Allam. This significant sale not only bolstered our revenue but also highlighted the value of our strategic asset management.”

Meanwhile, real estate revenues saw a decline: The company’s real estate revenues fell 2.7% y-o-y to EGP 2.8 bn during the quarter. The decrease was attributed to a fall in sales to EGP 4.1 bn — compared to EGP 8.8 bn in 1Q 2024 — due to the limited number of launches that took place during the three-month period. “Despite that, we have witnessed a healthy demand for the limited launches released during the quarter,” the company said. International sales made up around 43% of the quarter’s real estate sales.

What they said: “Going forward, ODE will periodically review its selling prices as it seeks to balance maximizing sales with managing cost inflation risk in the current inflationary environment,” the company said in the release.

TELECOM SEES REVENUES JUMP 42%-

Telecom Egypt saw its normalized net income rise 39% y-o-y in 1Q 2025 to EGP 5.2 bn, according to its latest earnings release (pdf). The figure adjusts for a EGP 700 mn FX loss during the quarter and a EGP 200 mn FX gain in the same period last year.

The breakdown: Telecom Egypt’s top line rose 42% y-o-y to EGP 24.8 bn in 1Q 2025, driven by strong performances across its retail and wholesale segments. Retail revenue was up 40% y-o-y on the back of a 45% increase in home and consumer sales. Wholesale revenue climbed 44% y-o-y, with international activity up 64% thanks to FX gains and a pickup in cross-border call traffic.

UNITED BANK REPORTS 1Q EARNINGS-

United Bank saw its net income after tax jump 67% y-o-y to EGP 781 mn during the first quarter of 2025, according to a disclosure (pdf) to the EGX. The lender’s net interest income rose to EGP 3.4 bn during the quarter, marking a 20% y-o-y increase.

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