Commercial International Bank Egypt CIB S A E (COMI) Q3 2025 earnings summary

Executive summary

• 9M25 net income was EGP 62.1bn, up 47% YoY; Q3 net income was EGP 28.8bn, up 94%, with results materially shaped by a one-time EGP 13.1bn ECL recalibration release.

• 9M25 revenue reached EGP 83.7bn, up 16%; assets were EGP 1.36tn at Sep-25, up 12% YTD.

• 9M25 profit excluding the provision release was reported at EGP 50.5bn.

Financial highlights

• 9M25 net interest income was EGP 78.7bn, up 20% YoY; non-interest income was EGP 5.0bn, down 20%.

• 9M25 net interest income was EGP 78,653,537 thousand versus EGP 65,682,906 thousand; profit before tax was EGP 83,290,624 thousand.

• 9M25 operating expenses rose 35% YoY to EGP 12.4bn; consolidated cost-to-income was 14.9%, versus 12.8% in 9M24.

• Fees and commissions income grew 22% YoY; trade-finance volume rose more than 30%, while concessions weighed on profitability.

• Administrative expenses rose 35% in 9M25; FX-adjusted growth was 17%, reflecting contract renewals, IT depreciation, stamp duty and regulatory costs.

Outlook and guidance

• FY25 guidance: normalized profit EGP 70bn, blended loan growth 20%-25%, deposit growth 10%-15%, blended NIM ~9% and normalized ROE above 37%.

• FY25 costs are expected to grow below 20%; NIM is expected broadly flat versus 2024, with fee income supported by loan growth.

• Local-currency loans are expected to outgrow the blended rate; foreign-currency loans are expected to grow in the single digits, led by exporters and tourism.

• CASA is targeted at 55%-60% of new deposit acquisitions; 2026 guidance awaits budget approval.

• 2030 priorities include core market share of 7%-10%, ~5mn customers, digital sales penetration above 40%, and a commercial banking portfolio of EGP 85bn+ with 1,000 borrowers.