Contact Financial and Mopco report 1Q earnings

Contact Financial Holding

Contact Financial Holding’s net income rose 12% y-o-y in 1Q 2026 to EGP 66 mn, according to an earnings release (pdf). Total operating income climbed 27% y-o-y during the quarter to reach EGP 642 mn, buoyed by a strong showing from its financing business that helped offset losses incurred by its ins. division.

The breakdown: The financing division’s operating income jumped 46% y-o-y to EGP 542 mn, despite a 5% contraction in its total portfolio size. The growth was driven by a strategic pivot toward higher-yield products, gains from portfolio transfers, and expanding digital financing volumes. This translated into a 170% y-o-y jump in the division’s net income to EGP 72 mn.

On the ins. front: The company’s ins. arm saw revenues climb 42% y-o-y to EGP 881 mn on the back of a 29% y-o-y increase in gross written premiums to EGP 1.4 bn. While top-line growth was supported by new product rollouts and cross-selling, the division’s bottom line was squeezed by a spike in medical claims carried over from 2025 and rising expansion costs, resulting in a net loss of EGP 3 mn for the quarter.

Misr Fertilizers Production

Misr Fertilizers Production’s (Mopco) net income rose 88% y-o-y to EGP 5.3 bn in 1Q 2026, according to the fertilizer giant’s latest earnings release (pdf). Sales grew 29% y-o-y to EGP 8.2 bn, driven by stable natural gas supplies and production volumes that exceeded initial plans.

The breakdown: Export markets accounted for the lion’s share of revenues at 78.5% of total sales (with urea making up 94% of exports, and ammonia 6%). Domestic sales made up the remaining 21.5% as the company maintained its commitment to supply allocated urea quotas to the Agriculture Ministry.