Fawry continues its strong momentum into 2025, delivering exceptional growth in 1Q2025 with revenues up 65.1% and net income surging 97.1% year-on-year. The performance reflects sustained strategic business expansion and disciplined cost control, reinforcing the company’s ability to scale efficiently while maintaining profitability. A key milestone this quarter was EBITDA surpassing EGP 1.0 billion—marking the highest quarterly result in the company’s history—and reflecting Fawry’s continued success in combining operational scale with strong financial discipline.
Fawry (the “Company,” FWRY.CA on the Egyptian Exchange), Egypt’s leading fintech company, announced today its consolidated results for the quarter ended March 31, 2025. The Company booked revenues of EGP 1,794.8 million in 1Q2025, up 65.1% year-on-year (y-o-y). This strong top-line performance was driven by the expansion and diversification of the Company’s business offerings, which, alongside effective cost control measures, resulted in robust profitability margins. Net profit for the quarter stood at EGP 605.4 million, up an impressive 97.1% y-o-y, yielding an associated net profit margin (NPM) of 33.7%.
Summary Profit & Loss Statement – First Quarter (EGP 000s)
| 1Q2024 | 4Q2024 | 1Q2025 | Y-o-Y Change | Q-o-Q Change |
|---|---|---|---|---|
| Total Revenues | 1,087,190 | 1,665,373 | 1,794,765 | 65.1% |
| Alternative Digital Payments (ADP) | 354,837 | 460,939 | 461,960 | 30.2% |
| Banking Services | 456,941 | 717,900 | 712,209 | 55.9% |
| Acceptance | 227,432 | 408,065 | 382,799 | 68.3% |
| Agent Banking | 229,508 | 309,835 | 329,410 | 43.5% |
| Financial Services | 174,188 | 358,777 | 460,215 | 164.2% |
| Supply Chain Solutions | 75,639 | 93,839 | 102,304 | 35.3% |
| Technology & Others | 25,586 | 33,919 | 58,077 | 127.0% |
| Gross Profit | 715,620 | 1,080,034 | 1,214,290 | 69.7% |
| Gross Profit Margin | 65.8% | 64.9% | 67.7% | 1.8 pts |
| EBITDA | 506,615 | 867,737 | 1,002,396 | 97.9% |
| EBITDA Margin | 46.6% | 52.1% | 55.9% | 9.3 pts |
| Net Profit Before NCI | 333,719 | 543,681 | 641,668 | 92.3% |
| Net Profit After NCI | 307,090 | 500,108 | 605,378 | 97.1% |
| Net Profit Margin | 28.2% | 30.0% | 33.7% | 5.5 pts |
Financial & Operational Highlights
- Throughput increased by 62.2% y-o-y, reaching EGP 188.5 billion in 1Q2025, driven primarily by Banking Services, which contributed 66.1% of total throughput compared to 56.2% in 1Q2024.
- The total loan portfolio grew by 2.5x year-on-year to reach EGP 3.7 billion by the end of 1Q2025, highlighting Fawry’s enhanced ability to meet demand from MSMEs and consumers.
- Revenue growth was broad-based, with Financial Services and Acceptance leading the way. Banking Services revenue rose by 55.9%, and Financial Services revenue soared by 164.2% y-o-y, contributing 25.6% of total revenue.
Fawry’s continued success stems from its strategic push to diversify its revenue streams. The Alternative Digital Payments (ADP) segment grew 30.2% y-o-y, although its share of total revenue decreased to 25.7% from 32.6% in 1Q2024. EBITDA grew 97.9% y-o-y, with an impressive EBITDA margin increase of 9.3 percentage points to 55.9%.
Chief Executive’s Review
Fawry’s strong start to 2025 reflects continued operational and financial growth. With a 65.1% increase in top-line performance, the company’s profitability also improved, with EBITDA margin rising by 9.3 percentage points to 55.9% and net profit soaring by 97.1%, expanding the net profit margin to 33.7%.
Fawry’s strategic focus on financial services drove 40% of top-line growth. The Financial Services segment showed a remarkable 164.2% year-on-year increase, and the Banking Services segment also performed strongly, with a 55.9% increase in revenue. Supply Chain Solutions grew by 35.3% y-o-y, and Technology and Other Revenue surged by 127.0%, demonstrating the company’s innovation and expanded service offerings.
Looking forward, Fawry is placing a strong emphasis on monetizing its technology, which saw a 125% year-over-year increase in related revenues. Fawry’s expansion of its consumer offerings, including BNPL solutions, bill payments, and medical insurance, along with enhanced services for businesses, reflects its continued focus on creating a more inclusive and digitally empowered ecosystem.
