EFG Holdings' revenues in the first quarter increased by 18%, while net profit decreased

EFG Holding Group, a Cairo-based financial services group, achieved revenues of EGP 6.6 billion (US$124.8 million) during the three months ending March 31, 2026, an increase of 18% year-on-year.

This growth was supported by the strong performance of the investment banking, non-banking financial services and commercial banking sectors. Operating profit increased to 2.5 billion Egyptian pounds, an increase of 20% year-on-year (+37% quarter-on-quarter), with an operating profit margin of 38%.

In contrast, net profit decreased to EGP 1.0 billion, a decrease of 14% year-on-year. This strong performance was mainly due to treasury and capital markets activity. This sector's revenues jumped by 84% year-on-year, supported by foreign exchange gains after the value of the Egyptian pound fell by about 14% in March.

The Investment Banking Division recorded revenues of EGP 3.1 billion, an increase of 9% year-on-year. Financial brokerage activity witnessed a noticeable improvement, with revenues increasing by 4% year-on-year to reach EGP 1.6 billion, while asset management and direct investment recorded steady growth.

EFG Finance, the group's non-banking finance arm, reported revenues of EGP 1.6 billion, an increase of 20% year-on-year. This growth was mainly due to Valu's consumer finance platform, where revenues jumped by 85% year-on-year to reach EGP 895 million.

NXT Bank, the group's commercial banking unit, achieved strong results, with revenue reaching EGP 1.9 billion, an increase of 34% year-on-year. The bank's net profits increased by 39% year-on-year to reach EGP 691 million, supported by strong loan growth. The bank's loan portfolio increased by 52% year-on-year, while deposits grew by 22% year-on-year, maintaining the loan-to-deposit ratio at 63%.

At the same time, costs continued to rise. Operating expenses increased to EGP 4.1 billion, an increase of 16% year-on-year (and a decrease of 33% quarter-on-quarter).

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