{"id":665714,"date":"2025-05-22T00:00:00","date_gmt":"2025-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/efg-holding-reports-strong-operational-growth-in-1q-2025\/"},"modified":"2025-05-22T00:00:00","modified_gmt":"2025-05-22T00:00:00","slug":"efg-holding-reports-strong-operational-growth-in-1q-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/efg-holding-reports-strong-operational-growth-in-1q-2025\/","title":{"rendered":"EFG Holding reports strong operational growth in 1Q 2025"},"content":{"rendered":"

1Q 2025 was <\/strong>good to our friends at EFG Holding<\/strong>, where revenues for the quarter would have been up 31% y-o-y if you set aside the impact of a one-off FX windfall booked in 1Q 2024<\/a> on the back of the devaluation of the EGP, the company said in an earnings release (pdf)<\/a>. Factoring in the exceptional FX gain last year, the company\u2019s top line was down 34% y-o-y in 1Q 2025 at EGP 5.6 bn, while net income after tax and minority interest declined at the same pace to EGP 1.2 bn.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

EFG Hermes saw solid operational growth: <\/strong>Adjusted for the windfall, investment bank EFG Hermes\u2019 revenues would have risen 30% y-o-y in the quarter. The unit\u2019s sell-side division turned in a 46% y-o-y rise in revenue at EGP 2 bn, while buy-side revenues grew 50% y-o-y to EGP 449 mn. The firm\u2019s brokerage business had strong quarters in Kuwait and the UAE, while its private equity business booked its first quarter of management fees from its Saudi Education Fund. Including revenues from holding and treasury activities, revenues at the investment banking platform were down 54% y-o-y to EGP 2.9 bn.<\/p>\n

The group\u2019s NBFI arm <\/strong>EFG Finance<\/strong> saw its top line jump 23% y-o-y to EGP 1.3 bn during the three-month period<\/strong>, driven largely by growth at microfinance provider Tanmeyah, where revenues rose 51% y-o-y to EGP 625 mn. Fintech platform Valu turned in 26% y-o-y growth in revenues at EGP 485 mn. EFG Finance\u2019s bottom line more than doubled y-o-y to EGP 297 mn in the quarter.<\/p>\n

And Bank NXT delivered steady growth: <\/strong>The company\u2019s commercial banking arm Bank NXT reported EGP 1.4 bn in revenues for the quarter, up 11% y-o-y. The growth was supported by higher net interest income following a combined 800 bps of hikes rolled out by the central bank last year. The bank\u2019s bottom line rose 5% y-o-y to EGP 498 mn, with EFG Holding\u2019s share standing at EGP 255 mn.<\/p>\n

What they said:<\/strong> \u201cOur first quarter results reflect the strength and resilience of EFG Holding\u2019s diversified platform and geographic footprint, even as we cycle a uniquely high base from last year,\u201d Group CEO Karim Awad said (pdf)<\/a>. \u201cWhen adjusted for these extraordinary items, our performance this quarter demonstrates solid operational growth across all lines of business and a clear trajectory of growth.\u201d <\/p>\n

1Q highlights: <\/strong>Awad highlighted several milestones hit across the company\u2019s subsidiaries during the quarter, including Valu\u2019s progress toward the EGX debut<\/a> (see story above). Meanwhile, EFG Hermes executed landmark transactions including the IPO of Nice One<\/a> in KSA and the Adnoc Gas\u2019 USD 2.8 bn offering<\/a> in the UAE.<\/p>\n

\n

EASTERN COMPANY LOGS A EGP 7 BN BOTTOM LINE-<\/p>\n

IN OTHER EARNINGS NEWS- Tobacco giant Eastern Company\u2019s net income climbed 36% <\/strong>y-o-y to EGP 7 bn in 9M FY <\/strong>2024-2025<\/strong>, according to the company\u2019s latest financial statement (pdf)<\/a>. Revenues climbed 74% y-o-y during the nine-month period to EGP 78.5 bn, which the company attributed to \u201cpricing adjustments rather than an expansion in sales volume.\u201d<\/p>\n

Margins came under pressure:<\/strong> Despite the top line growth, headwinds that included a significant rise in costs eroded the company\u2019s gross income margin to 31%, down from 37% in the same period last year, the company noted. \u201cThe company is fully aware of these challenges\u201d and will prioritize improving margins and operational efficiency going forward, the statement reads.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial services giant turns in strong operational quarter across all business lines as it prepares to list fintech unit Valu on the EGX<\/p>\n","protected":false},"author":1,"featured_media":665715,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[302,409,7107,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-efg-holding","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"966edce4-f2b7-4b6a-affe-65052c430dfe","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1885.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Holding\u2019s revenues rise 31% y-o-y in 1Q 2025 after adjusting for last year\u2019s float-related FX windfall","related_issue":[665704],"teaser":"Financial services giant turns in strong operational quarter across all business lines as it prepares to list fintech unit Valu on the EGX","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4fcfde3d-a678-4b12-a2eb-ff05468187c4.mp3"},"yoast_head":"\nEFG Holding reports strong operational growth in 1Q 2025 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/efg-holding-reports-strong-operational-growth-in-1q-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Holding reports strong operational growth in 1Q 2025\" \/>\n<meta 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We\u2019re on yet another temperature upswing, and anticipate a second consecutive scalding end to the week. You can find a comparison of two tech titans in this issue, whose management styles show that the path to innovation can be paved with\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1961.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/earnings-efg-hermes-contact-financial-elsewedy-electric-report-strong-1q-2022-results\/","url_meta":{"origin":665714,"position":3},"title":"Earnings: EFG Hermes, Contact Financial, Elsewedy Electric report strong 1Q 2022 results","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"EFG Hermes\u2019 net income rose 18% y-o-y to EGP 345 mn in 1Q 2022, the bank said in its earning release (pdf) yesterday. Revenues were up 55% y-o-y to EGP 1.9 bn. Revenue growth was underpinned by a strong quarter for EFG\u2019s core businesses despite a challenging operating environment. 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