Arab Finance: MNT-Halan recorded consolidated profit after tax of EGP 836 million in the third quarter (Q3) of 2026, down 31% year on year (YoY) from EGP 1.213 billion in the same period a year earlier, as per an emailed financial release.

The company reported revenue of EGP 5.433 billion for the quarter ended September 30, down 2% YoY from 5.543 billion.

MNT-Halan noted that comparisons with 2025 should account for the uneven distribution of earnings that year. Q3 contributed 62% of profit after tax for the first nine months of 2025 and most of the second half’s (H2) earnings, leaving a smaller contribution from Q4.

As for the first nine months of 2026, profit after tax fell 11% YoY to EGP 1.746 billion from EGP 1.967 billion.

Alongside these results, MNT-Halan introduced digital brokerage services during the quarter, expanding its wealth offering with support from a recently acquired custodian license granted by the Financial Regulatory Authority (FRA). It also began factoring operations. Customer investments reached 4.9 times their year-earlier level.

Payment activity increased across the first nine months, with card transactions reaching more than 3.6 million, or 2.6 times the corresponding 2025 figure. Card throughput rose 15% YoY to EGP 36.8 billion, supported by greater customer activity and usage.

Cumulative card issuance reached 1.6 million, while active cards surpassed 700,000 during the nine-month period, up 29% YoY. Approximately 170,000 cards were issued in Q3 2026, compared with 166,000 in the preceding quarter.