Fawry Reports Strong Q1 2026 Results as Revenues Climb 34.3% to EGP 2.4 Billion
Fawry for Banking Technology and Electronic Payments reported a robust financial and operational performance for the first quarter of 2026, driven by growth across financial services, banking services, supply chain solutions, and the expansion of its myFawry app, prepaid cards, and non-banking ecosystems.
According to the company's financial disclosures, total revenues rose by 34.3% year-on-year to record EGP 2.410 billion in Q1 2026, up from EGP 1.795 billion in the corresponding period of 2025. Gross profit grew by 33.4% to EGP 1.619 billion, yielding a gross profit margin of 67.2%. Q1 EBITDA expanded by 34.8% annually to hit EGP 1.351 billion, maintaining a margin of 56.1%. Net profit after minority interest advanced by 23.8% to reach EGP 749.3 million, against EGP 605.4 million in Q1 2025, with a net profit margin of 31.1%.
Sector-wise, banking services revenues rose 29.8% to EGP 924.1 million, accounting for 38.3% of total revenue. Within this sector, acceptance services generated EGP 487 million (up 27.2%), while agent banking registered EGP 437.1 million (up 32.7%). Financial services grew by 73.9% to EGP 800.5 million, contributing 33.2% to total revenues, backed by microfinance, SME lending, consumer finance (BNPL), insurance brokerage, and prepaid cards. Alternative Digital Payments (ADP) recorded EGP 472.4 million, a 2.3% annual growth. Supply chain solutions generated EGP 144.9 million (up 41.7%), while technology and other sectors rose 18.3% to EGP 68.7 million.
Operationally, the total throughput value processed via Fawry’s platform jumped 34.3% to EGP 253.2 billion in Q1 2026. The platform handled 516 million transactions (up 6.4%), while active network customers reached 55.1 million. E-wallet transactions surged 80.5% to 138 million transactions, with a total throughput value of EGP 257 billion (up 62%). Total myFawry app downloads reached 26.2 million (up 38.4%), with Q1 annualized throughput value reaching EGP 42.7 billion (up 55.9%). Total outstanding prepaid cards reached 3.2 million, a 136.3% annual surge.
Fawry's total lending portfolio rose 67.9% annually to record EGP 6.185 billion by the end of Q1 2026. The MSME loan portfolio stood at EGP 3.144 billion (up 35.1%), while consumer finance (BNPL) surged 124% to EGP 3.041 billion. Additionally, insurance brokerage revenues grew by 29.4% to EGP 17.3 million.