EFG Holding reports 22% YoY profit growth in Q3 2025

Updated 11/19/2025 10:35:00 AM

Arab Finance: EFG Holding reported that its net profit after tax and minority interest increased 22% year on year (yoY) to EGP 846 million in the third quarter (Q3) of 2025, supported by growth across Bank NXT and its non-bank financial institutions platform, EFG Finance, as per an emailed press release.

The Group’s operating revenue rose 27% YoY to EGP 6.3 billion, while total assets reached EGP 243.7 billion as of September 2025.

Operating expenses, including provisions and expected credit losses, grew 19% YoY.

This increase was mainly driven by higher general and administrative expenses across all platforms, as well as increased employee costs and provisions at EFG Finance.

Group employee expenses rose 9% YoY, reflecting inflationary pressures in Egypt and lower performance-linked compensation.

EFG Hermes, the investment bank, recorded a mixed performance in the third quarter.

Its sell-side and buy-side divisions posted revenue growth of 27% and 16% YoY, respectively.

However, overall revenue declined 20% YoY to EGP 2.1 billion due to a normalization in holding and treasury activities following gains from investments and foreign exchange in the prior year.

EFG Finance recorded revenues of EGP 1.5 billion, up 38% YoY, supported by valU’s performance, which included a 79% increase in revenues driven by securitization gains, higher net fees and commissions, and a 34% rise in loan issuances.

Tanmeyah recorded 9% growth on higher interest income, partially offset by lower fee income.

EFG Corp-Solutions’ Leasing business reported a 28% increase in revenues, while the Factoring business posted 12% growth.

Operating expenses for EFG Finance rose 34% YoY to EGP 1.1 billion due to higher employee costs, provisions, and inflation-driven general and administrative expenses.

Net profit after tax and minority interest stood at EGP 261 million, up 28% YoY, led by valU and the leasing business.

Bank NXT recorded Q3 revenues of EGP 2.7 billion, up 119% YoY, driven by higher lending activity, improved net interest income, and an expanded fee base.

Net profit after tax reached EGP 1.5 billion, an increase of 245% YoY, with the group’s share amounting to EGP 756 million as revenue growth outpaced expense growth.