Non-banking financial services firm Contact Financial Holding saw its normalized net income fall to EGP 97 mn in 2Q 2025, down 43% y-o-y, according to its latest earnings release (pdf). The decline was the result of a dip in income from its ins. and financing divisions. The company’s normalized net income for 1H 2025 fell by 17% y-o-y to EGP 164 mn.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The breakdown: The group’s financing arm saw its net income dip 30% y-o-y in 2Q 2025 to EGP 62 mn. Its ins. arm saw net income fall 89% y-o-y to EGP 8 mn during the three-month period. Looking at the half, the financing division saw its net income slip 18% y-o-y to EGP 89 mn and the ins. division saw net income decrease 35% y-o-y as elevated costs weighed on profitability.

What they said: “As we enter the second half of the year, we are optimistic that the positive momentum will continue as economic conditions improve further, and we remain confident in our ability to deliver on the group’s short and long-term targets. Our strategic goals and priorities remain unchanged, we will continue to leverage our solid business foundations and proven growth strategies to capitalize on the ongoing market recovery, with both our financing and ins. divisions well-positioned to deliver solid, sustainable growth,” the company’s management said.

Tags: