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CAIRO - EFG Holding S.A.E., previously known as EFG - Hermes Holding Company, has released its consolidated financial statements for the year ended December 31, 2024, showcasing a significant increase in assets, liabilities, equity, and profit.
The company’s total assets surged to EGP 186.9 billion, a substantial rise from EGP 121.9 billion in the previous year. Liabilities followed suit, climbing to EGP 147.5 billion compared to EGP 94.5 billion in 2023. Equity attributable to owners of the Group also saw an increase, reaching EGP 34.1 billion from EGP 23.3 billion.
EFG Holding’s profit before tax stood at EGP 7.5 billion, a marked improvement from EGP 3.9 billion in the preceding year. The profit for the year was reported at EGP 5.1 billion, nearly doubling from EGP 2.8 billion in 2023.
The financial results indicate a robust performance across the board, with earnings per share jumping from EGP 1.52 to EGP 2.84. The company’s share capital remained unchanged at EGP 7.3 billion, with the number of shares outstanding at 1,459,606 thousand.
Non-controlling interests also experienced growth, rising to EGP 5.3 billion from EGP 4.1 billion. The company’s financial position was further strengthened by its cash and cash equivalents, which amounted to EGP 42.8 billion, up from EGP 28.2 billion in the previous year.
EFG Holding’s financial statements were approved for issue on April 30, 2025, and have been signed off by Chairperson Mona Zulficar and Group Chief Executive Officer Karim Awad. The statements are based on a press release statement, providing a transparent view of the company’s financial health as of the end of 2024.
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