REG - EFG Holding S.A.E. - Full Year/4Q25 Results

EFG Holding SAEAnnouncement

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RNS Number : 1314X  EFG Holding S.A.E.  18 March 2026

http://www.rns-pdf.londonstockexchange.com/rns/1314X_1-2026-3-18.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1314X_1-2026-3-18.pdf)

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(http://www.rns-pdf.londonstockexchange.com/rns/1314X_3-2026-3-18.pdf)

EFG HOLDING REPORTS Full YEAR 2025 RESULTS

with Group net profit after tax and minority interest of EGP4.1 billion; ON
OPERATING REVENUE OF EGP26.0 BILLION

Cairo, March 18(th), 2026: EFG Holding reports a strong set of results for
full year 2025, with Group net profit after tax and minority interest of
EGP4.1 billion on operating revenues of EGP26.0 billion. The Group's total
assets stood at EGP230.6 billion at the end of December 2025.

   Key Highlights

 

EFG Holding

·      EFG Holding delivered a solid performance in FY25, with Group
revenues rising 7% Y-o-Y to EGP26.0 billion, despite a particularly strong
comparable base that included substantial fx gains and unrealized gains on
investments / seed capital following the March 2024 EGP devaluation, and
significant Investment Banking revenues generated in 2Q24. Revenue growth was
driven primarily by higher revenues generated by BANK NXT, EFG Finance,
followed by Brokerage and the Buy-Side;

·      The Group's total operating expenses (including provisions &
ECL) increased 13% Y-o-Y in FY25, mainly on higher other G&A expenses,
increased provisions & ECL booked across the platforms, and higher
employee expenses at EFG Finance and BANK NXT. Other G&A expenses
increased 42% Y-o-Y, reflecting Egypt's rising inflationary levels, costs
denominated in USD, and the impact of the weakening EGP from regional offices'
expenses when translated to EGP, in addition to growth in EFG Finance and BANK
NXT operations. This was also coupled with non-recurring expenses associated
with Valu's listing and Wealth Management pre-operating expenses. Group
employee expenses remained broadly flat Y-o-Y, as lower accruals for the
variable component of employee compensation, particularly at the Investment
Bank in line with lower revenues, offset salary increases in Egypt reflecting
inflation as well as the translation impact of a weaker EGP on regional
offices' salaries;

·      With the increase in Group revenues outpaced by the increase in
expenses, the Group's net operating profit and net profit before tax declined
5% Y-o-Y and 3% Y-o-Y, respectively. Taxes declined 48% Y-o-Y, due to the
utilization of tax losses incurred in 2024 against taxable gains realized
during the period. Consequently, EFG Holding net profit after tax and minority
interest decreased 5% Y-o-Y to EGP4.1 billion.

 

EFG Hermes

·      EFG Hermes delivered mixed results in FY25, with Brokerage and
the Buy-Side posting Y-o-Y revenue growth. However, overall performance was
weighed down by lower revenues generated by Holding & Treasury Activities,
as the comparable year included the full impact of the March 2024 EGP
devaluation, in addition to lower Investment Banking revenues against a strong
comparable base. As a result, total revenues declined 19% Y-o-Y to EGP11.9
billion;

·      EFG Hermes operating expenses (including provisions & ECL)
remained broadly flat, inching up 1% Y-o-Y, as higher other G&A expenses
and lower releases of provisions & ECL were largely offset by lower
employee expenses. Employee expenses declined 8% Y-o-Y, mainly on a lower
variable compensation, which more than offset salary increases in Egypt
reflecting elevated inflation, the translation impact of the EGP devaluation
on regional salaries, and higher monthly commissions booked by Brokerage.
Other G&A expenses increased 29% Y-o-Y, mainly due to inflation and
USD-denominated expenses in Egypt, and the translation of regional operations'
expenses into EGP, particularly IT and marketing;

·      As a result, net operating profit and net profit before tax
declined 64% Y-o-Y and 68% Y-o-Y, respectively. The platform recorded tax
gains of EGP460 million in FY25, compared to tax charges of EGP1.2 billion in
FY24, due to the utilization of tax losses incurred in 2024 against taxable
gains realized during the period, provided significant support, together with
lower profitability generated by some of the Egyptian entities. Accordingly,
net profit after tax and minority interest fell 50% Y-o-Y to EGP1.3 billion,
mainly due to losses incurred by Holding & Treasury Activities and lower
profitability generated by Investment Banking.

 

 

 

 

EFG Finance

·      Boosted by stronger business activity across all lines, EFG
Finance continued to deliver solid growth, with revenues rising 39% Y-o-Y,
supported by higher revenues generated by all business lines, particularly
Valu, followed by Tanmeyah, Leasing and Factoring;

·      EFG Finance operating expenses (including provisions & ECL)
increased 35% Y-o-Y, mainly on higher other G&A expenses, employee
expenses, and provisions & ECL. Employee expenses rose 27% Y-o-Y,
predominantly due to higher salaries booked across the platform, and higher
variable compensation booked by Valu in line with its revenue growth. Other
G&A expenses increased 43% Y-o-Y, mainly due to inflationary pressures and
USD-denominated costs, particularly IT and office expenses, in addition to
higher costs related to business growth and issuances, mainly at Valu, as well
as non-recurring expenses related to Valu's listing and other consultancy
fees. Provisions & ECL rose 35% Y-o-Y, driven by higher charges recorded
by Tanmeyah, as well as higher provisions booked by Valu in line with the
growth in its outstanding portfolio;

·      As a result, EFG Finance net operating profit and net profit
before tax grew 49% Y-o-Y and 67%       Y-o-Y, respectively, as revenue
growth outpaced the increase in expenses. With taxes increasing 64% Y-o-Y on
higher profitability generated by Valu and Leasing, EFG Finance net profit
after tax and minority interest rose 45% Y-o-Y to EGP1.2 billion.

 

 

BANK NXT

·      The Commercial Bank delivered a very strong year, with its
revenues increasing 52% Y-o-Y to EGP7.5 billion in FY25; largely driven by a
30% increase in net interest income supported by a larger interest earning
asset base, as well as significant other revenues from the sale of non-core
assets;

·      BANK NXT operating expenses (including provisions & ECL) rose
38% Y-o-Y to EGP2.8 billion in FY25, primarily due to higher employee expenses
reflecting salary adjustments and new hires, a significant increase in office
and occupancy costs resulting from the rent of the new head office space,
followed by higher other G&A expenses mainly related to marketing costs
and outsourced and consultancy fees. This increase was offset by a 14% decline
in provisions and ECL, reflecting a normalized ECL charge pattern as 2024
included higher provisions to enhance coverage ratio of stage 3 NPLs;

·      The Bank's net profit after tax added 77% Y-o-Y to reach EGP3.1
billion (of which the Group's share is EGP1.6 billion) in FY25, as revenue
growth outpaced the growth in expenses.

 

For full report and financial statements, please click on the links on top of
the page.

 

For further information:

Investor Relations Contacts

Email: InvestorRelations@efghldg.com

Group Head of Strategy

Basant AbdelMonsef

Email: babdelmonsef@efghldg.com

Tel: +20 (0)2 35356412

www.efgholding.com

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