Fawry for Banking Technology and Electronic Payments (FWRY) Q2 2025 earnings summary

Executive summary

• 2Q25 revenue grew 63% YoY to EGP1,971mn; quarterly throughput rose 53% YoY, nearing EGP200bn.

• H1 2025 revenue reached EGP3.765bn and net profit EGP1.335bn; both major segments improved.

• 2Q growth was led by Financial Services and Acceptance; EBITDA and net income more than doubled YoY, alongside accelerating digital transactions.

Financial highlights

• 2Q gross profit rose 69% YoY to EGP1,353mn, with a record 68.6% gross margin.

• 2Q EBITDA rose 95% YoY to EGP1,113mn; its record 56.5% margin included one-off gains.

• 2Q net income increased 103% YoY to EGP652mn; net income margin reached 33.1%.

• H1 operating profit was EGP1.755bn versus EGP920.2mn; profit before tax was EGP1.767bn versus EGP919.7mn.

• H1 net profit after tax was EGP1.335bn versus EGP685.9mn; parent-company net profit was EGP1.257bn versus EGP628.8mn, and EPS was EGP0.37 versus EGP0.18.

Outlook and guidance

• P2P and remittance services are expected to launch soon.

• Acceptance and Agent Banking continued to exceed guidance, with revenue growth of 73% and 34%, respectively.

• The securitization program targets EGP8bn of issuance over three years; its first EGP497.5mn tranche had a 13-month term ending May 2026.