Wednesday 18/March/2026 – 10:18 AM
Today announced a group EFG Holding – the leading financial institution that owns a comprehensive bank in Egypt and the leading investment bank in the Middle East and North Africa region – reported strong financial results for the fiscal year ending in 2025, supported by the strong performance of both the commercial bank, Bank Next, and the non-banking financing platform, EFG Finance. The group’s operating revenues increased at an annual rate of 7% to reach 26.0 billion Egyptian pounds, while net profit after deducting taxes and minority interests amounted to 4.1 billion Egyptian pounds. Total assets reached 230.6 billion Egyptian pounds by the end of December 2025.
The group’s total operating expenses (including provisions and expected credit losses) increased at an annual rate of 13% to reach 17.5 billion Egyptian pounds. This increase is mainly due to an increase in other general and administrative expenses by 42% year-on-year, which reflects the high levels of inflation in Egypt, costs denominated in US dollars, non-recurring expenses related to the launch of Valeo and pre-operating costs for new sectors. On the other hand, the group’s employee expenses were generally stable on an annual basis, as the decrease in variable compensation at the Investment Bank was offset by increased salaries and the impact of the decline in the value of the Egyptian pound on the regional offices.
Strong financial results for EFG Holding Group
Karim Awad, CEO of EFG Holding Group, said: Our performance during the year 2025 reflects the strength of EFG Holding Group’s diversified business model and the benefits of the multi-platform strategy adopted by the group. Despite the strength of the previous comparison year, the group was able to achieve strong financial results, thanks to the restoration of activities to normal rates at EFG Hermes, in addition to the strong growth in Next Bank and EFG Finance. This performance reflects our ability to adapt to market fluctuations while continuing to deliver sustainable value to our shareholders.”
At the investment bank level, EFG Hermes, performance witnessed a noticeable variation in 2025, as revenues reached 11.9 billion Egyptian pounds. This figure reflects the return of activities to normal levels, with a decrease of 19% compared to the previous year, 2024, which came against a high comparative base. The stock brokerage segment and the asset management and direct investment (Buy-Side) segment achieved remarkable performance, with their revenues increasing by 19% and 42%, respectively, compared to last year. However, the overall performance of the Investment Bank was affected by a decline in the activities of the holding company and the activities of the treasury sector, in addition to a decline in the results in the promotion and underwriting sector, which led to revenues stabilizing at levels lower than those achieved in the previous year. This decline reflects the return of operating conditions to normal levels after the large gains from currency exchange differences and unrealized profits recorded in 2024 following the devaluation of the Egyptian pound. In light of these data, the net profit after deducting taxes and minority interests for the Investment Bank reached 1.3 billion Egyptian pounds during the year 2025.
Maintain a strong growth pace across all divisions through 2025
EFG Finance, the group’s non-banking financing platform, succeeded in maintaining a strong pace of growth across all its business divisions during 2025, with its revenues growing by 39% annually to reach EGP 6.7 billion. This growth contributed to the outstanding performance of Valeo, which recorded strong results with its revenues increasing by 56% compared to the previous year, reaching EGP 3.0 billion. This is due to the increase in securitization gains and the increase in net fees and commissions, which is in line with the growth in the value of financing issued by 45% on an annual basis. EFG Financial Solutions recorded a strong performance, with revenues from its financial leasing and factoring businesses growing by 15% and 29%, respectively, to reach EGP 908 million and EGP 214 million. Likewise, Tanmia continued to achieve sustainable growth, with its revenues increasing by 25% annually to reach EGP 2.4 billion. Although operating expenses increased by 35% year-on-year due to business expansion and inflationary pressures, the platform’s net profit after tax and minority interests saw a 45% increase year-on-year, reaching EGP 1.2 billion.
Net interest income is the result of growth in the interest-bearing asset base
Next Bank, the group’s commercial bank, achieved outstanding results in 2025, reflecting sustained growth and a commitment to strengthening its operations and expanding its customer base, as well as increasing its market share. Revenues registered a strong 52% increase compared to the previous year, reaching EGP 7.5 billion, mainly due to a 30% increase in net interest income as a result of growth in the interest-bearing asset base, as well as significant capital gains from the sale of non-core assets. Net profit after deducting taxes also increased by 77% on an annual basis to reach 3.1 billion Egyptian pounds, as the group’s share of this profit amounted to 1.6 billion Egyptian pounds, with revenue growth exceeding the growth in operating expenses, which reached 38%.
Awad stated: In completion of the share repurchase program for the fiscal year 2023 and the distribution of Valeo shares for the fiscal year 2024, the Board of Directors took the decision to continue implementing distributions to shareholders. The group has allocated up to 400 million Egyptian pounds to its shareholders for the fiscal year 2025, either in the form of cash dividends or through share buybacks. The distribution mechanism will be determined at a subsequent meeting of the Board of Directors before the 2026 Ordinary General Assembly, taking into account the current geopolitical circumstances.
