Arab Finance: Contact Financial Holding recorded consolidated net profits attributable to the owners of EGP 95.027 million in the first half (H1) of 2026, compared to EGP 122.565 million in the same period a year earlier, according to the financial results.
As for the standalone business, the company generated net profits of EGP 48.546 million in H1 2026, versus net losses of EGP 20.597 million.
The group achieved consolidated total operating income of EGP 1.3 billion, a 6% year-on-year (YoY) increase, driven primarily by the strong operating performance of the financing division.
Contact Financial’s financing division posted a 7% YoY increase in operating income in the first half of 2026, supported by stronger off-balance-sheet activity, while its insurance business continued to expand, as per a press release.
Financing operating income rose to EGP 1 billion, with net revenue from portfolio transfers more than doubling to EGP 761 million from H1 2025.
Total new lending increased 16% year-on-year to EGP 5.9 billion, with digital lending doubling to EGP 1.1 billion.
Financing net income stood at EGP 75 million, reflecting the impact of a multi-phase provisioning cycle and impairments on financial assets.
Commenting on the results, John Saad, Group CEO and Managing Director of Contact Financial Holding, said: “H1 2026 reflects the progress we are making as Contact evolves into a more integrated, agile, and scalable financial platform. Our focus is increasingly centered on building the operating capabilities that can support sustainable growth at scale, while maintaining strong discipline around risk, execution, and profitability."
"We are seeing this strategy translate into tangible momentum across our core platforms, with new lending growth driven by the continued acceleration of our digital lending and Business Platform activities, alongside continued momentum in insurance supported by expanding premiums and broader product diversification. While financing profitability during the period was impacted by the ongoing provisioning cycle and impairments on financial assets, our focus remains on strengthening portfolio quality, enhancing risk management, and building a more resilient and scalable earnings base,” Saad added.
