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CAIRO - EFG Holding announced Thursday a 2% year-on-year increase in net profit after tax and minority interest to EGP802 million for the second quarter of 2025, with operating revenues rising 21% to EGP6.1 billion.
The Egyptian financial services group reported mixed performance across its business segments. While overall group revenues showed strong growth, expenses increased 22% year-on-year to EGP4.1 billion, primarily due to higher provisions in EFG Finance, inflationary pressures, currency translation effects, and one-time costs related to Valu’s listing.
EFG Hermes, the group’s investment banking arm, maintained flat revenues at EGP2.7 billion compared to the same period last year. A strong recovery in Holding & Treasury, Brokerage, and Buy Side activities was offset by lower Investment Banking revenues, which faced a challenging comparison with an exceptionally strong second quarter in 2024.
EFG Finance delivered 66% revenue growth to EGP1.8 billion, driven primarily by Valu’s 71% increase in revenues from securitization gains and higher loan issuances. However, net profit after tax and minority interest for this segment declined 14% to EGP230 million due to higher minority interest charges following the reduction in EFG Holding’s ownership of Valu from 95% to 67%.
BANK NXT reported a 30% increase in revenues to EGP1.6 billion, primarily from higher net interest income and growth in interest-earning assets. The bank’s net profit after tax rose 39% to EGP594 million, of which EGP304 million is attributable to the group.
The group’s total assets stood at EGP207.8 billion at the end of June 2025, according to the press release statement.
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