EFG Holding

EFG Holding starts 2025 with strong operational momentum across its diversified platform. Its net profit reaches EGP 1.2 billion, with strong operational growth across all business lines

EFG Holding, a leading financial institution in Egypt and MENA’s top investment bank, delivered a resilient start to 2025. The Group reported consolidated revenues of EGP 5.6 billion in Q1, marking a 34% year-on-year decline. However, this is a reflection of last year’s exceptional foreign exchange (FX) gains following the sharp devaluation of the Egyptian pound.

When excluding these FX effects, EFG’s revenues would have grown 31% year-on-year, demonstrating solid underlying growth across its diversified business platform. EFG’s net profit after tax and minority interest came in at EGP 1.2 billion, down 34% year-on-year. The decline was mainly due to the high revenue base and FX gains in Q1 2024. Operationally, the Group showed strong cost discipline, with total operating expenses decreasing 29% year-on-year.

“Despite cycling a uniquely strong comparable quarter last year, our results highlight EFG’s resilient business model and broad regional footprint, our diversified platform delivered healthy growth across investment banking, non-bank financial institutions, and commercial banking.” said Karim Awad, Group CEO. 

EFG Hermes

EFG Hermes, the Group’s investment banking arm, posted revenues of EGP 2.9 billion in Q1 2025. This is a decline of  54% year-on-year, weighed down by lower Holding and Treasury revenues after last year’s FX boost. However, excluding FX effects, revenues actually rose 30% year-on-year.

Strong performances in the sell-side and buy-side businesses drove the growth, with sell-side revenues up 46%. In addition, buy-side revenues rose 50%, supported by increasing assets under management across Egypt and the region.

Operating expenses at EFG Hermes declined 45% year-on-year to EGP 2 billion, contributing to a net profit after tax of EGP 652 million.

EFG Finance

EFG Finance, the Group’s non-bank financial institutions platform, recorded a 23% rise in revenues to EGP 1.3 billion. This is powered by portfolio growth at Tanmeyah (+36%) and increased loan issuance by Valu (+61%).

Operating expenses rose 12% to EGP 900 million, reflecting higher employee costs and general expenses. Nevertheless, net profit more than doubled up 108% year on year to EGP 297 million. This is fueled by improved profitability across all lines of business.

Bank NXT

Bank NXT, EFG’s commercial banking division, reported revenues of EGP 1.4 billion, up 11% year-on-year. This is driven by rising net interest income amid interest rate hikes and asset growth.

Operating expenses increased 19% to EGP 624 million. The bank’s net profit rose 5% to EGP 498 million, supported by revenue growth outpacing costs.

Looking Ahead

EFG Holding emphasized its focus on expanding regional presence, deepening its product offerings, and driving sustainable shareholder value. Brokerage activity in Kuwait and the UAE showed strong growth, while Private Equity secured management fees from the Saudi Education Fund for the first time.

Valu’s progress towards listing represents a significant milestone for the fintech leader, underscoring its remarkable growth trajectory in Egypt and solidifying its position as a trusted provider of innovative financial services. Tanmeyah remains a strong performer in its segment. Looking ahead, we remain focused on executing our strategic priorities, cementing our regional footprint, and creating sustainable value for our shareholders.” said Karim Awad, Group CEO of EFG Holding.