EFG Finance Revenues Rise 20% to EGP 1.6B in Q1 2026, Driven by Valu’s 85% Growth Surge
EFG Holding announced that EFG Finance, the group’s Non-Bank Financial Institutions (NBFI) platform, delivered a strong revenue performance during the first quarter of 2026. The platform's total revenues rose by 20% year-on-year (YoY) to reach EGP 1.6 billion.
The top-line expansion was primary driven by the robust performance of valu, the group's fintech and buy-now-pay-later (BNPL) arm, which led the platform's growth after recording an 85% YoY surge in its quarterly revenues. This performance was heavily supported by increased securitization gains and robust new loan issuances.
Despite the strong revenue acceleration, EFG Finance's net operating profit and net profit before tax (NPBT) declined by 37% and 47% YoY, dropping to EGP 276 million and EGP 205 million, respectively.
The group attributed this bottom-line compression primarily to a substantial 335% YoY increase in provisions and Expected Credit Losses (ECL). This sharp variance occurred because the comparable baseline period in 2025 included a net reversal of credit loss provisions. Additionally, profitability was impacted by foreign exchange (FX) losses incurred directly at the EFG Finance holding company level. Consequently, the NBFI platform posted a net profit after tax and minority interest of EGP 61 million for the first quarter of 2026.
On a consolidated level, EFG Holding’s total revenues increased by 18% YoY to reach EGP 6.6 billion during Q1 2026, backed by strong operational contributions across its three primary business verticals. Furthermore, the group's consolidated net operating profit and net profit before tax climbed by 20% YoY, recording EGP 2.5 billion and EGP 2.3 billion, respectively.