Our friends at Beltone Holding saw their net income rise 60% y-o-y in 1H 2025, coming in at EGP 1.3 bn for the six-month period, according to the company’s latest earnings release (pdf). Revenues for the period more than doubled, increasing 115% y-o-y to a record EGP 6.3 bn, while its outstanding portfolio was up 109% y-o-y to EGP 34.8 bn.

Growth was supported by a 137% y-o-y rise in revenues from its investment banking platform, which came in at EGP 1.1 bn. A jump in its advisory services saw investment banking revenues rise 597% y-o-y to EGP 582 mn, while revenues from its securities brokerage arm saw a 41% y-o-y increase to EGP 474 mn.

Also pushing up revenues was a 111% y-o-y jump in its NBFI platform’s operating revenues to EGP 5.0 bn. Driving this was a 107% y-o-y increase in leasing and factoring revenues to EGP 2.4 bn, mortgage finance revenues increasing 106% y-o-y to EGP 955 mn, and microfinance revenues rising 181% y-o-y to EGP 400 mn. Its SME-focussed operations launched in 3Q 2024 brought in some EGP 212 mn over the same period.

What they said: “This outstanding performance was powered by the synergistic momentum of our core platforms, strong fundamentals, and our strategic and digital expansion. Both our Investment Bank and NBFIs platforms delivered formidable top and bottom-line growth, underscoring our ability to generate substantial value across diverse market segments,” Group CEO Dalia Khorshid said.

Tags: