Our friends at EFG Holding saw their net income grow 22% y-o-y in 3Q 2025 to EGP 846 mn, according to their latest earnings release (pdf). The group’s top line grew 27% y-o-y during the quarter to EGP 6.3 bn, driven by strong performance in its commercial bank and non-banking financial institution (NBFI) platform, which offset lower revenues from its investment bank.

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The breakdown:

  • Bank NXT: The group’s commercial bank’s revenues more than doubled to EGP 2.7 bn in 3Q 2025, driven by a larger interest-earning asset base and 33% y-o-y growth in net fees and commissions. The bank’s net income grew 245% y-o-y to reach EGP 1.5 bn during the quarter — of which the group’s share is EGP 756 mn.
  • EFG Finance: EFG Holding’s NBFI arm saw its revenues rise 38% y-o-y to EGP 1.5 bn, driven by overall strong performance across almost all lines of its business. Valu’s revenues led this growth, jumping 79% y-o-y on the back of higher securitization gains, net fees and commissions, and a rise in loan issuances. Meanwhile, EFG Finance’s leasing division’s revenues grew 28% y-o-y, and factoring revenues rose 12% y-o-y. The NBFI arm’s net income after tax and minority interest increased 28% y-o-y to EGP 261 mn.
  • EFG Hermes: The group’s investment bank EFG Hermes’ revenues saw a weaker performance, shedding 20% y-o-y to EGP 2.1 bn. The fall came as a result of EGP 220 mn losses in holding and treasury activities, “following last year’s exceptional gains on investments/seed capital and FX”. Net operating income dropped 95% y-o-y, leading to a net loss of EGP 170 mn. Excluding holding and treasury activities, EFG Hermes’s net income rose 31% y-o-y in 3Q 2025 to EGP 543 mn.

What about 9M? The group’s net income fell 13% y-o-y to EGP 2.9 bn during the first nine months of the year, with net operating income down 6% y-o-y. Revenues fell 3% y-o-y to EGP 18.1 bn, “shrugging off the exceptionally strong comparable period recorded by EFG Hermes that included strong FX gains and unrealized gains on investments/seed capital.” Excluding the impact of foreign currency gains, revenues jumped 31% y-o-y in 9M 2025.

What they said: “We are delighted by Bank NXT’s strong performance, and with the successful completion of last month’s capital increase, we are confident this will further accelerate the bank’s growth trajectory. This step not only underscores its strategic importance within the broader EFG Holding ecosystem but also reinforces our commitment to driving sustainable profitability across the group,” Group CEO Karim Awad said in a statement (pdf) accompanying the results.

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