EFG Holding announced today its results for the second quarter of 2025, revealing that its revenues recorded a 21 percent annual increase to reach EGP6.1 billion ($126.3 million), driven by strong results across all business lines, particularly EFG Finance, its non-bank financial institutions platform, and Bank NXT, its commercial bank.
“EFG Holding’s first half of 2025 has been defined by meaningful milestones and strong momentum. Foremost among these is Valu’s listing on the Egyptian Exchange (EGX) in June, complemented by Amazon’s decision to exercise its Option Agreement with EFG Holding to acquire a direct stake in Valu. The period’s financial results highlight the standout performance of EFG Finance, driven by Valu and Bank NXT,” said Karim Awad, Group CEO of EFG Holding.
Net profit rises to EGP802 million
The group’s total operating expenses increased 22 percent to EGP4.1 billion, on higher provisions & ECL, predominantly in EFG Finance, and higher other G&A expenses. Meanwhile, employee expenses were flat.
With the increase in revenues surpassing the increase in expenses, EFG Holding’s net operating profit and net profit before taxes increased 19 percent and 21 percent, respectively. Consequently, net profit after tax and minority interest inched up 2 percent annually to reach EGP802 million in Q2 2025.
“Our Asset Management platform continues to expand, with assets under management growing, while the Investment Banking division closed transactions totaling more than $1 billion in the quarter,” added Awad.
EFG Hermes maintains operating revenues at EGP2.7 billion
EFG Hermes, the investment bank, maintained its resilient performance for the second quarter of the year, with Holding & Treasury Activities, Brokerage, and the Buy Side revenues collectively rising 131 percent annually. Although the Investment Banking business continues to demonstrate solid performance this quarter, annual revenues appear lower due to an exceptionally high base in the comparative period. Excluding this high base effect, the underlying performance of the advisory business remains robust and promising.
Thus, EFG Hermes’ operating revenues came flat at EGP2.7 billion. Holding & Treasury Activities recorded a strong rebound, generating EGP397 million in revenues versus a loss of EGP503 million in Q2 2024. In addition, brokerage revenues rose 25 percent, driven by higher revenues generated particularly by Egypt, followed by Kuwait and the UAE markets.
EFG Hermes operating expenses inched up 3 percent annually to EGP2.2 billion, on higher other G&A expenses, higher provisions & ECL, and despite lower employee expenses. EFG Hermes reported net profit after tax and minority interest of EGP268 million, down 11 percent year-on-year, on lower profitability generated by the Investment Banking division.
“Amid ongoing geopolitical volatility and persistent macroeconomic headwinds, market dynamics across the MENA region remained varied, both in terms of liquidity and overall performance. Nonetheless, the brokerage business delivered notable growth in total executions, driven primarily by robust activity in Kuwait and the UAE,” said Awad.
Read: Valu reports $53.8 million gross revenue in H1 2025, over $7 million net income
Value drives EFG Finance’s revenue surge
EFG Finance, EFG Holding’s Non-Bank Financial Institutions platform, also continued to deliver strong results in 2Q25, with its revenues surging 66 percent annually to EGP1.8 billion, supported by broad-based growth across all lines of business. Valu led the performance with a 71 percent year-on-year increase in revenues, driven by substantial securitization gains and higher net fees and commissions amid a rise in loan issuances, followed by Tanmeyah and Corp-Solutions, which continued its upward trajectory with Leasing’s portfolio reaching EGP17.7 billion in H1 2025, increasing 102 percent year-on-year, fueled by targeted efforts to onboard large creditworthy clients.
Finally, Bank NXT, EFG Holding’s commercial bank, delivered a strong performance, delivering 30 percent annual revenue growth to reach EGP1.6 billion in Q2 2025. This was primarily driven by higher net interest income, in addition to an increase in interest-earning assets. The bank’s net profit after tax and minority interest added 39 percent year-on-year to reach EGP304 million in Q2 2025, as revenue growth outpaced the growth in expenses.
“Bank NXT continued to broaden its portfolio, diligently cultivating a strong base that will underpin future growth and generate lasting value. Anchored by a solid foundation, the firm is well-positioned to adeptly navigate changing market conditions and confidently capitalize on emerging opportunities for the benefit of clients and shareholders alike,” concluded Awad.
