Beltone Holding is starting the year with momentum. The EGX-listed financial services player announced robust first-quarter results for 2025, reporting consolidated operating revenues of EGP 2.8 billion—more than double what it brought in during the same period last year. Net profits also surged to EGP 703 million, up 1.4x year-on-year, underscoring strong top-and bottom-line growth.

The company’s total lending portfolio crossed EGP 30.2 billion in Q1 2025, a 2.1x jump from the previous year. The performance builds on what was already a record-breaking 2024 for the firm and reflects the impact of its expansion strategy and product diversification.

“Our first quarter results continue to showcase the effectiveness of our data-backed growth strategy and business model,” said Dalia Khorshid, Group CEO and Managing Director. “We’re doubling down on expansion, digital transformation, and AI—key pillars for driving scalable growth both in Egypt and beyond.”

Khorshid also pointed to the company’s recently closed second capital increase, noting it as a vote of confidence from shareholders and the broader market.

Lending and NBFIs Drive Performance

Beltone’s Non-Banking Financial Institutions (NBFIs) platform was the star of the quarter, generating EGP 2.3 billion in revenue—up 2.2x compared to Q1 2024. Growth was driven by strong performance across its full range of offerings: leasing, factoring, mortgage finance, consumer finance, venture capital, and microfinance. The quarter also marked early traction from its newly launched SME financing line.

This diversification is part of the company’s broader strategy to offer a full-stack financial services platform under one umbrella—catering to both individual and institutional clients.

Investment Banking Sees Major Upside

The investment banking platform also saw a significant leap, bringing in EGP 531 million in operating revenue, a 2.2x increase year-on-year. The investment banking division itself had a breakout quarter, with revenues rising 6.7x compared to Q1 last year—thanks to strong demand for advisory services and a growing deal pipeline.

Securities brokerage and asset management divisions rounded out the investment bank’s performance, collectively contributing about half of the platform’s revenue.

What’s Next?

With strong results across both its NBFI and investment banking arms, Beltone is signaling confidence in its 2025 roadmap. The company is betting on AI integration, digital expansion, and strategic regional growth to continue delivering outsized returns.

Following the latest capital injection, Beltone Holding is expected to pursue new high-growth markets while scaling its footprint in existing ones—particularly in segments like consumer and SME finance that are seeing increasing demand amid Egypt’s inflationary environment.

The first-quarter numbers suggest that the firm’s evolution from a legacy investment house to a fully integrated financial powerhouse is not just a narrative—it’s materializing on the balance sheet.