CI Capital reports EGP 381m in net profit for Q1 2025, financing portfolio grows to EGP 23.7bn
CI Capital Holding has announced its financial results for the first quarter (Q1) of 2025, reporting revenues of EGP 2.4bn and net profit after tax and minority interest (NPATM) of EGP 381m. The Group's total on-balance sheet financing portfolio reached EGP 23.7bn, reflecting a 15% year-on-year increase, underscoring continued growth despite ongoing macroeconomic headwinds.
Mahmoud Attalla, Executive Vice Chairperson and Managing Director, praised the Group's performance, stating: 'CI Capital has once again demonstrated resilience and agility, delivering solid results amid a challenging environment. The 15% growth in our financing portfolio reflects the strength and diversification of our business model and our leadership in the Egyptian market.'
Group CEO Hesham Gohar said that, excluding the impact of foreign exchange, normalized net profit after tax and minority interest rose by 54% year-on-year, while revenues grew by 35% on the same basis. He emphasized that the Group continued to deliver consistent performance across its business lines in a volatile market.
NBFS Platform Driving Growth
CI Capital's non-banking financial services (NBFS) platform remains the primary engine of growth. Corplease, the Group's leasing subsidiary, maintained its market leadership with a 33% share, reporting a 275% year-on-year increase in new lease bookings totaling EGP 3.9bn. Its outstanding portfolio reached EGP 17bn, up 14% year-on-year, and net profit after tax stood at EGP 223m for the quarter.
CI Mortgage Finance recorded an 85% year-on-year increase in its outstanding portfolio, reaching EGP 2.5bn, and disbursed EGP 795m in new loans, marking a 192% increase compared to the same period last year. Revenues rose by 95% to EGP 194m, while net profit after tax reached EGP 29m, up 141% year-on-year.
Meanwhile, Reefy Microfinance Enterprise Services continued its expansion, disbursing EGP 957m in new loans and growing its branch network to 189 branches across 21 governorates, serving 135,000 customers. Reefy closed the quarter with a total portfolio of approximately EGP 3.4bn.
Investment Banking and Asset Management
CI Capital's investment bank also posted a strong quarter, generating EGP 387m in revenues. Its brokerage arm contributed EGP 249m, while asset management revenues rose 10% year-on-year to EGP 88m. Total assets under management (AUMs) reached a record EGP 82.1bn, an 18% year-on-year increase.
CI Capital's advisory division played a pivotal role in the investment bank's performance, successfully executing eight major transactions across equity capital markets (ECM), debt capital markets (DCM), and mergers and acquisitions (M&A), with a combined value of EGP 22.4bn in Q1 2025.
Gohar concluded by reaffirming the Group's strategic direction: 'With a resilient and diversified portfolio and strong market positioning, CI Capital is well-equipped to navigate economic cycles. We remain committed to delivering innovative financial solutions, expanding our offerings, and reinforcing our regional footprint.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CairoScene
24 minutes ago
- CairoScene
Egyptian Startups Secure $228 Million in First Five Months of 2025
Egyptian Startups Secure $228 Million in First Five Months of 2025 Egyptian startups have attracted $228 million in venture capital and debt financing from January to May 2025, according to a statement from the Ministerial Group for Entrepreneurship. The figures mark a 130% year-on-year increase in disclosed investment volume, reflecting continued growth in Egypt's startup ecosystem despite ongoing economic challenges. In total, 16 deals were recorded during the period, with 11 of them publicly disclosing investment amounts that collectively reached $156 million. In addition to equity investments, two notable debt financing deals were secured: proptech platform Nawy raised $23 million, while fintech firm MNT-Halan secured $49 million. The proptech sector led in terms of total investment volume, accounting for 33% of all capital raised, while fintech topped the charts in deal count, with five transactions comprising 32% of total investment value. H.E. Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation and head of the Ministerial Group for Entrepreneurship, stated that the funding growth reflects continued momentum in Egypt's startup market. Dr. Al-Mashat attributed this progress to government-led efforts to improve the business climate and support private sector growth through targeted structural reforms. Dr. Al-Mashat confirmed that work is currently underway on a national Startup Charter, alongside a range of funding initiatives and financial incentives to promote investment, including tax benefits for startups with annual revenues under EGP 20 million. In addition to new funding, the local startup ecosystem saw a number of key acquisition deals. These included Dubizzle's acquisition of used car marketplace Hatla2ee, as well as the acquisition of digital payments platform Fatora by MaxAB-Wasoko. The Ministerial Group for Entrepreneurship was launched by the Egyptian government to coordinate startup policy across relevant ministries and to develop initiatives that foster an enabling ecosystem for entrepreneurship. As part of this mandate, the group aims to promote Egypt's visibility on the global startup map while supporting sustainable and inclusive economic growth.
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Dollar Drops against Egyptian Pound to 49.63
Taarek Refaat The dollar exchange rate against the Egyptian pound witnessed new changes in trading on Sunday, according to the Central Bank of Egypt. The exchange rate continued to fluctuate between rises and falls in recent days, particularly after the CBE's recent decision to cut interest rates for the second time in a row, bringing the rate down by 3.25% since April 17. The dollar exchange rate declined in several banks on the first day after the weekend of Friday and Saturday. At the central bank, the dollar recorded approximately EGP 49.63 to buy and 49.76 to sell. On the other hand, the Central Bank of Egypt is scheduled to hold its fourth Monetary Policy Committee meeting of the year on July 10, to discuss interest rates based on several criteria, such as inflation, the strength of the Egyptian pound against other currencies, and other factors. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
China Announces World's Largest Gold Mine Discovery amid Rare Earth Race
Taarek Refaat China makes the world's largest discovery of its kind, after discovering a massive gold mine in Pingjiang Province, amid the geopolitical rivalry between the United States and China over rare earth minerals. According to Chinese state media, a team of geologists discovered more than 40 gold veins inside the Wangu mine, weighing an estimated 330 tons of gold ore, 6,600 feet underground. However, 3D modeling conducted by the geological team revealed the potential presence of approximately 1,100 tons of gold at a depth of up to 9,800 feet. This could bring the total value of these deposits to nearly $83 billion, if the estimates prove accurate. The significance of this discovery is compounded by the average gold concentration in the ore, which reached 138 grams per metric ton, a figure rarely seen in conventional mining operations. "Many drilled rock samples have shown visible amounts of gold," Chen Ruolin, a prospecting expert with the Hunan Provincial Geological Bureau, said in statements carried by state media. If the 1,100-ton estimate is confirmed, the Wanguo mine would surpass South Africa's South Deep mine, which is currently the world's largest with reserves of 1,025 tons, according to Mining Technology. The list of the world's largest gold mines also includes major sites in Indonesia, Russia, Papua New Guinea, and Chile, while the Carlin Trend and Cortez mines in Nevada, USA, rank sixth and tenth, respectively. The total amount of gold extracted by humans throughout history is approximately 233,000 tons, two-thirds of which has been produced since 1950. Most of this gold is still stored in some form around the world. China is the world's largest producer of gold, contributing approximately 10% of global production. However, it consumes approximately three times what it produces annually, making it also the world's largest importer of gold. The announcement of this new discovery has sparked anticipation in global gold markets, especially as prices for the precious metal continue to rise, strengthening China's economic position in the face of Western pressure. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
