Fawry’s Profits Jump 32.2% to EGP 2.69 Billion in 9M 2026, Driven by Banking and Financial Services Expansion
Fawry for Banking Technology and Electronic Payments delivered an exceptional financial performance during the first nine months of 2026, recording a 32.2% year-on-year surge in consolidated net profit after non-controlling interests to reach EGP 2.690 billion, compared to EGP 2.036 billion in the corresponding period of 2025. Meanwhile, net profit before non-controlling interests rose 32.3% to EGP 2.877 billion.
Surge in Revenues and Operating Profits
The company’s revenues grew 37.8% year-on-year to EGP 8.352 billion, up from EGP 6.059 billion in the same period last year, propelled by product innovation and portfolio expansion. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) climbed 38.7% to EGP 4.800 billion with a 57.5% margin. Gross profit also rose 35.8% to EGP 5.662 billion, amidst a slight 1 percentage point dip in gross profit margin to 67.8%, reflecting increased reliance on leverage to support the expansion of its lending operations.
Approaching EGP 1 Trillion: Record Expansion in Payments and Loans
Fawry’s network successfully attracted a broader customer base across Egypt's governorates, driving Total Throughput Value up 51.6% to EGP 968.609 billion across 1.592 billion transactions, with active users reaching 55.5 million and available services rising to 4,950.
In parallel, the total loan portfolio jumped 52.4% to EGP 7.313 billion by the end of September 2026, distributed between EGP 3.647 billion for micro, small, and medium enterprises (MSME) financing (up 55.6%) and EGP 3.665 billion for consumer finance "Buy Now, Pay Later" (BNPL) services (up 49.4%).
Banking and Financial Services Lead the Growth Engine
The company’s revenue mix witnessed a strategic shift that underscores the success of its diversification plans. The Banking Services segment led the way, capturing 40.2% of total revenues at EGP 3.359 billion (up 42.1%), buoyed by a 62.1% jump in agent banking revenues and a 25.6% increase in acceptance revenues.
The Financial Services segment ranked second, accounting for 31.7% of revenues at EGP 2.647 billion (up 59.7%), driven by growth in lending, prepaid cards, and insurance brokerage. Conversely, the share of Alternative Digital Payments (ADP) declined to 19.1% with revenues of EGP 1.592 billion (up 5.1%), while Supply Chain Solutions jumped 39.4% to EGP 498.4 million, and the Technology & Others segment grew 54.8% to EGP 255.1 million.
Boom in myFawry App and Prepaid Cards
On the consumer digital solutions front, myFawry app downloads surpassed the 30 million mark—a 34.6% increase—while its throughput value surged 60.4% to EGP 62 billion, supported by the addition of investment funds tracking gold, the EGX30 index, and Sharia-compliant funds. Additionally, the number of issued prepaid cards nearly doubled, rising 90.5% to 4.237 million cards, while mobile wallet transaction values jumped 75.5% to EGP 950.6 billion.
POS Rationalization and Preliminary Approval for Factoring
As part of its focus on yield quality and network efficiency, Fawry streamlined its total Point of Sale (POS) terminals by 4.5% to 368.2 thousand by decommissioning underutilized devices, while maintaining partnerships with 36 banks. On the expansion front, the company received preliminary approval from the Financial Regulatory Authority (FRA) during Q3 to add factoring to its activities, leveraging its substantial financing portfolio and wide merchant network to provide working capital solutions to businesses upon obtaining the final license.
Ashraf Sabry: AI is a Core Pillar of Expansion
Eng. Ashraf Sabry, CEO of Fawry, confirmed that the company maintained its strong growth momentum during Q3 2026, with quarterly revenues rising 36.4% and net profit increasing 37.5%. He noted that the Banking and Financial Services segments were the primary growth drivers, fueled by the expansion into Neobanking. Sabry added that integrating Artificial Intelligence (AI) into product development and customer service has reduced churn rates and increased customer lifetime value, alongside preparations to launch factoring activities to support Egypt's enterprise sector.
