e-finance for Digital and Financial Investments (EFIH) Q1 2025 earnings summary

Executive summary

• 1Q2025 consolidated revenue rose 40.9% YoY to EGP 1,619.1 mn, led by Digital Operations and supported by eAswaaq, eNovate and eKhales.

• EBITDA increased 47.5% to EGP 806.3 mn; net profit after NCI rose 30.2% to EGP 602.3 mn.

• Net profit was EGP 613.8 mn, compared with EGP 472.3 mn a year earlier; operating profit reached EGP 701.3 mn versus EGP 482.3 mn.

Financial highlights

• Gross profit increased 43.5% YoY to EGP 898.5 mn; cost of sales rose 40.7% to EGP 720.6 mn.

• Net profit before tax reached EGP 860.4 mn versus EGP 632.4 mn; income tax expense was EGP 246.6 mn versus EGP 160.2 mn.

• Net profit attributable to owners was EGP 602.3 mn; reported EPS was EGP 0.22 versus EGP 0.18.

• Investment income rose 7.1% YoY to EGP 115 mn, while interest income fell 47.7% to EGP 51 mn.

• Finance income was EGP 144.7 mn versus EGP 200.8 mn; finance costs fell to EGP 11.9 mn from EGP 58.0 mn.

Segment performance

• Digital Operations revenue grew 36.4% YoY to EGP 1,406.5 mn; transaction revenue rose 35.1% to EGP 584.1 mn and cloud hosting rose 65.1% to EGP 609.7 mn.

• Digital Operations build-and-operate revenue declined 5.0% YoY to EGP 171.9 mn, against higher infrastructure-supplies revenue in the prior-year quarter.

• eNovate revenue increased 3.8% to EGP 107.7 mn; card-management revenue rose 39.8%, while card-production revenue fell 7.7%.

• eKhales revenue declined 12.6% to EGP 30.9 mn against non-recurring prior-year POS sales; its POS network grew 21.4% to 635.9k machines.

• enable revenue rose 30.6% to EGP 34.2 mn and eAswaaq revenue grew 60.8% to EGP 118.0 mn.