MNT Tech Holding For Financial Investments (HALN) Q2 2026 earnings summary

Executive summary

• 1H26 adjusted revenue rose 19.9% YoY to EGP 10.017bn; net profit after tax was EGP 910mn versus EGP 754mn.

• Gross loan book reached EGP 46.707bn at 1H26; FY2023–FY2025 gross loan book CAGR was 40.9%.

• Active customers were ~1.9mn and customers served since inception ~7.9mn as of June 2026.

• Limited review found nothing indicating the interim statements were not fairly presented in all material respects under Egyptian Accounting Standards.

Financial highlights

• H1 operating revenue was EGP 9.74bn versus EGP 8.01bn; operating costs were EGP 5.03bn versus EGP 3.83bn, and net operating revenue was EGP 4.70bn versus EGP 4.18bn.

• Total gross profit increased to EGP 5.546bn from EGP 4.951bn; SG&A rose to EGP 4.066bn from EGP 3.226bn.

• Profit before tax was EGP 1.03bn versus EGP 1.14bn; net profit was EGP 910.3m versus EGP 753.9m, including EGP 91.3m from discontinued operations versus a EGP 26.9m loss.

• Adjusted net interest income was EGP 1.132bn versus EGP 2.904bn; adjusted interest expense was EGP 2.712bn versus EGP 2.409bn. Expected credit losses were EGP 216mn.

• Fair-value changes on FVOCI customer loans drove an EGP 1.32bn H1 OCI loss; total comprehensive loss was EGP 414.1m versus EGP 78.3m in adjusted H1 2025. Total assets were EGP 44.22bn and equity EGP 8.54bn at June 30, 2026.

Segment performance

• Individual lending revenue was EGP 7.388bn; gross individual loans reached EGP 30.874bn, with ~1.3mn active individual borrowers.

• Business lending gross loans were EGP 15.1bn; the segment held ~63% of the 2025 Egyptian NBFI market and recorded 42% gross-loan CAGR from 2023 to 1H26.

• Lending activities generated H1 financing and securitization income of EGP 8.00bn versus EGP 7.04bn and gross profit of EGP 4.73bn versus EGP 4.20bn; PBT was EGP 1.66bn versus EGP 1.51bn.

• Halan Card had 1.1mn active cards as of June 2026; 75% of issued cards were active, with 11 monthly transactions per active user.

• Outstanding client investments reached EGP 4.146bn; ROSCA had ~30k active customers and ~185k transactions in 1H26. Marketplace GMV was EGP 77mn; games attracted ~263k customers since inception.