MNT Tech Holding For Financial Investments (HALN) Q3 2026 earnings summary

Executive summary

• Limited review found nothing indicating the interim statements were not fairly presented under Egyptian Accounting Standards; review covered the nine months ended 30 Sep 2026.

• 9M26 revenue was EGP 15,084,747,419 versus EGP 13,419,216,863; net profit was EGP 1,746,477,989 versus EGP 1,967,324,307.

• A EGP 1.619bn OCI loss, primarily from fair-value changes in FVOCI customer loans, reduced total comprehensive income to EGP 127,459,761.

• Gross loans reached EGP 48.1bn; the platform served 1.9m active customers through integrated digital services and 1,200+ distribution points.

Financial highlights

• 3Q26 revenue was EGP 5,346,863,743 versus EGP 5,406,512,664; net profit was EGP 836,206,572 versus EGP 1,213,396,350.

• 9M26 operating revenue was EGP 8,185,480,223, down from EGP 8,853,869,574; securitization income rose to EGP 6,899,267,196 from EGP 4,565,347,289.

• Operating costs increased to EGP 8,045,866,575 from EGP 6,065,737,721; net operating revenue was EGP 7,038,880,844 versus EGP 7,353,479,142.

• Results from operating activities rose to EGP 837,802,348 from EGP 571,887,624; profit before tax fell to EGP 2,067,986,151 from EGP 2,783,706,491.

• 9M26 gross profit was EGP 8.452bn, down 1% YoY; expected credit losses and write-offs totaled EGP 1.435bn. Operating cash generated was EGP 1.559bn.

Outlook and guidance

• Priorities include digital transformation, customer engagement and operational efficiency; AI-driven personalization and credit agents are intended to support cross-selling, faster decisions and risk mitigation.

• Product roadmap includes ROSCA rollout to all customers, digital e-KYC for investment products and brokerage through Halan SB; in-house AI, core banking and customer data systems support product launches and underwriting.

• Consumer financing limits approved at 30 Sep 2026 totaled EGP 30.6bn, with EGP 18.8bn undrawn; utilization overdue by more than 30 days triggers suspension of the undrawn portion.

• New Giza construction in progress is expected to be completed by 2028.