Faisal Islamic Bank of Egypt’s Q1 2026 Net Profit Soars 232.5% to EGP 2.93 Billion
Standalone financial statements released by the Faisal Islamic Bank of Egypt for the first quarter ending March 31, 2026, revealed a 232.5% year-on-year surge in net profit after tax, reaching EGP 2.931 billion, compared to EGP 881.637 million during the same period in 2025.
According to the bank's financial disclosures, total revenues increased by 43.6% annually to record EGP 9.530 billion for Q1 2026, up from EGP 6.635 billion in the corresponding quarter of the previous year. Gross profit expanded by 22.1% to hit EGP 2.893 billion, compared to EGP 2.369 billion in Q1 2025. Consequently, the gross profit-to-revenue margin stood at 30.4% as of March 2026, down from the 35.7% recorded in March 2025.
The statements further showed that net profit before tax from continuing operations increased by 141.6% to reach EGP 3.648 billion, compared to EGP 1.510 billion in the same period last year. Basic earnings per share (EPS) jumped by 240.7% to EGP 4.439, up from EGP 1.303 in Q1 2025.
On the balance sheet side, the bank’s paid-in capital remained unchanged at EGP 7.214 billion compared to December 2025. Total reserves grew by 12.7% to reach EGP 13.372 billion, up from EGP 11.867 billion at the end of 2025. Retained earnings rose by 12.1% to EGP 20.428 billion, driving total shareholders' equity up by 5.5% to record EGP 43.946 billion against EGP 41.642 billion in December 2025.
The standalone cash flow statement highlighted that net cash generated from operating activities jumped to EGP 21.419 billion during Q1 2026, compared to EGP 941.906 million in Q1 2025. Net cash used in investing activities registered EGP 9.731 billion, indicating a 1.4% increase from the previous year. Meanwhile, net cash used in financing activities fell by 6.1% to EGP 2.994 billion, down from EGP 3.187 billion in the corresponding period of 2025.