Banque Du Caire (BQDC) Q1 2025 earnings summary

Executive summary

• Q1 2025 net profit was EGP 3,443,679 thousand versus EGP 2,377,156 thousand; basic EPS was EGP 0.35 versus EGP 0.46.

• Operating income rose 26% YoY to EGP 9.8bn; total assets reached EGP 500,815,349 thousand at 31 March 2025, up from EGP 483,099,017 thousand at year-end.

Financial highlights

• Net interest income was EGP 8,271,646 thousand versus EGP 6,363,906 thousand; net fee and commission income was EGP 1,383,813 thousand versus EGP 1,301,544 thousand.

• Profit before tax was EGP 4,930,854 thousand versus EGP 3,635,182 thousand; income tax expense was EGP 1,487,175 thousand versus EGP 1,258,026 thousand.

• Administrative expenses increased 39% YoY to EGP 3,323,200 thousand; expected credit loss charge rose 62% to EGP 1,538,586 thousand.

• Operating cash flow was EGP 8,820,883 thousand versus EGP 39,825,067 thousand; period-end cash and cash equivalents were EGP 162,125,689 thousand versus EGP 147,792,966 thousand.

Segment performance

• Growth in net profit was supported by retail, treasury, corporate and SME business segments.

• Gross loans rose 5% YTD to EGP 239.6bn, including increases of EGP 9.6bn in corporate lending and EGP 2.6bn in retail lending.

• Retail deposits accounted for 56% of deposits and institutional deposits 44%.