Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments achieved net profits after tax and non-controlling interest (NCI) valued at EGP 605.37 million in the first quarter (Q1) of 2025.
The registered net profits were 97.10% year-on-year (YoY) higher than EGP 307.09 million, according to the financial statements.
Total revenues hiked by 65.10% to EGP 1.79 billion in Q1-25 from EGP 1.08 billion in Q1-24, while the basic and diluted earnings per share (EPS) increased to EGP 0.18 from EGP 0.09.
Non-consolidated net profits increased to EGP 641.66 million as of 31 March 2025 from SAR 333.71 million in Q1-24.
Ashraf Sabry, CEO of Fawry, commented: “Fawry has started 2025 on a strong footing, delivering continued operational and financial growth in the first quarter, while making significant strides in advancing our long-term value creation strategy.”
“ In 1Q-25, Fawry recorded a robust 65.10% YoY increase in top-line performance. Profitability also remained solid, with EBITDA margin improving by 9.30 percentage points to 55.90%, and bottom-line growth soaring by 97.10%,” Sabry added.
He indicated: “Fawry is now the first company in the MENA region to secure both CPOC and MPOC certifications, and the 10th globally to receive MPOC. Tap N Pay stands as the first fully Egyptian-built Soft POS platform, with full copyright ownership retained by Fawry.”
In 2024, the consolidated net profits after tax jumped to EGP 1.74 billion from EGP 815.96 million in 2023.
