{"id":702762,"date":"2026-05-17T00:00:00","date_gmt":"2026-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=702762"},"modified":"2026-05-17T02:42:06","modified_gmt":"2026-05-17T02:42:06","slug":"valu-sees-net-income-surge-78-as-it-enters-jordan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/17\/valu-sees-net-income-surge-78-as-it-enters-jordan\/","title":{"rendered":"Valu sees net income surge 78% as it enters Jordan"},"content":{"rendered":"

Financing platform Valu saw its net income surge 78% y-o-y in 1Q 2026 to<\/strong> EGP 221 mn<\/strong>, according to the platform\u2019s latest earnings release (pdf)<\/a>. The bottom-line growth was supported by a 40% y-o-y rise in gross revenues to EGP 1.52 bn.<\/p>\n

Valu entered Jordan in 1Q 2026 with a soft launch of <\/strong>one operational branch and c.15 onboarded merchants<\/strong>, CEO Walid Hassouna tells EnterpriseAM. To fund the rollout, the platform secured USD 10 mn in bank approvals from local lenders, including Bank al Etihad and Capital Bank, alongside some USD 7 mn already deployed in equity over the past six months. \u201c[Jordan] is a very scalable market, and we\u2019re the only player with this type of license,\u201d he says. <\/p>\n

Transaction volumes increased 49% y-o-y to 2.53<\/strong> mn. <\/strong>Valu has moved well beyond big-ticket purchases and into routine spending with average tickets going very low, Hassouna says. The average customer now uses the app eight times a year and the company wants to increase that figure to 12, he adds. <\/p>\n

Risk management over raw growth: <\/strong>Despite the income surge, Valu pulled its total approval rate down to 42.1% in 1Q 2026, from 54.3% a year earlier. The company chose to \u201ctighten risk\u201d rather than pursue volume, even as the broader market grew 50%, Hassouna says. Loan tenor was also shortened to 16 months from 19, improving liquidity rotation and reducing long-term interest rate exposure.<\/p>\n

What\u2019s next:<\/strong> While the core \u201cU\u201d product\u2019s share of the mix slipped to 56%, newer verticals are where Hassouna sees a runway for growth. Earlier this month<\/a>, Valu secured Financial Regulatory Authority approval to set up a dedicated SME financing subsidiary and Hassouna says the group is considering pursuing SME lending in Jordan as well. Meanwhile, the group\u2019s auto loan product Shift is expected to see an increase in its current 31% y-o-y growth pace. The goal is to generate several offerings to absorb any shock, he says. <\/p>\n

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Raya Holding<\/p>\n

Investment conglomerate Raya Holding saw group revenues climb<\/strong> 22.8% y-o-y to EGP 15.8 bn during 1Q 2026<\/strong>, according to the company\u2019s latest earnings release (pdf)<\/a>, while net income after minority interest rose 3.7% y-o-y to EGP 384 mn. <\/p>\n

Foreign currency-denominated<\/strong> revenues climbed 12.9% y-o-y to EGP 4.7 bn<\/strong>, making up nearly 30% of the group\u2019s total top line. This diversification was heavily supported by Raya Customer Experience (RCX), which saw revenues rise 34.7% y-o-y to EGP 855 mn, with its predominantly USD-denominated offshore operations accounting for nearly 71% of its business.<\/p>\n

The other three of the group\u2019s \u201cbig four\u201d subsidiaries are also delivering robust growth and improved margins:<\/strong><\/p>\n