Fawry Stock Rallies 7.24% in May, Fueled by 23.6% Jump in Q1 Net Profits
Fawry for Banking Technology and Electronic Payments extended its winning streak for the second consecutive month during May, cementing its status as one of the standout performers on the Egyptian Exchange (EGX). The stock secured robust gains, boosted its market capitalization, and solidified its position among leading blue-chip stocks attracting high liquidity, driven by positive financial results showing a 23.6% year-on-year growth in Q1 2026 net profits.
Stock and Market Cap Gains Fawry's share price surged by 7.24% in May to close at EGP 20.450, up from EGP 19.070 in the previous month, amid a significant uptick in trading activity. This strong rally translated into tangible market gains, as Fawry’s market capitalization jumped by approximately EGP 4.7 billion to reach EGP 69.663 billion, compared to EGP 64.962 billion in the prior month. The stock witnessed heavy trading velocity, with around 212.988 million shares changing hands for a total transaction value of EGP 4.279 billion.
Financial Performance and Capital Structure The positive stock performance coincided with Fawry’s announcement of a net profit of EGP 792.7 million for the first quarter of 2026, compared to EGP 641.6 million during the same period in 2025. This 23.6% annual increase reflects the company's strong operational performance and its ongoing expansion in fintech and electronic payment services. Currently, Fawry's issued capital stands at EGP 1.703 billion, distributed across 3.406 billion shares with a par value of EGP 0.50 per share.
Ownership Structure Fawry’s shareholding structure is distributed among several prominent institutions and major investors. Alpha Oryx Limited holds the largest stake at 12.23%, followed by Banque Misr at 9.74%, and Link Holdco B.V. at 7.94%. The Egyptian-American Enterprise Fund (EAEF) accounts for 7.18%, the National Bank of Egypt (NBE) holds 6.05%, and Black Sparrow for Long-Term Investments owns 5.54%. Additionally, the shareholder list includes Response Ability for Investment at 4.76%, Ashraf Kamel Moussa Sabry at 2.45%, and the Investment Account of Banque Misr at 1.83%.