Fawry Releases 1Q2025 Results

Tahya Masr

15-05-2025

FWRY.CA on the Egyptian Exchange), Egypt's leading Fintech Company, announced today its consolidated results for the quarter ended 31 March 2025. The Company booked revenues of EGP 1,794.8 million in 1Q2025, up by 65.1% year-on-year (y-o-y). 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 by an impressive 97.1% y-o-y, yielding an associated net profit margin (NPM) of 33.7%. The performance reflects sustained strategic business expansion and disciplined cost control, reinforcing the company's ability to scale efficiently while maintaining profitability.
In this context, Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented: I am pleased to report that 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.
From a segmental perspective, Financial Services was the primary driver of growth, contributing 40% to overall top-line expansion and delivering a remarkable 164.2% year-on-year increase.
Our Banking Services segment—Fawry's second-largest revenue contributor—also delivered impressive results, with revenues growing 55.9% year-on-year. Meanwhile, Supply Chain Solutions saw a 35.3% increase in revenues, reflecting our strategic evolution into a holistic ecosystem offering a broad range of value-added services. Additionally, our Alternative Digital Payments segment maintained solid momentum, growing 30.2% year-on-year and continuing to serve as the backbone of our interconnected ecosystem as it matures alongside other expanding verticals.
Sabry Adde, a key driver of our continued growth has been Fawry's strategic focus on expanding its digital service offerings—empowering consumers to seamlessly meet their everyday financial needs while enabling businesses to grow and compete more effectively through our integrated digital platforms. At the same time, we have made targeted investments in streamlining our internal operations, strengthening our ability to serve clients with greater agility, efficiency, and precision.
We are also placing strong emphasis on monetizing our Technology, as evidenced by a 125% year-over-year increase in technology-related revenues. This significant growth highlights the success of our efforts so far. Technology monetization will remain a core strategic priority and is expected to play an increasingly important role in driving our revenue growth in the coming years.
On the consumer front, the myFawry app and Prepaid Yellow Card continue to operate as a unified financial hub, offering a wide suite of services including bill payments, promotional offers, Buy Now Pay Later (BNPL) solutions, medical insurance, and access to our Money Market Fund. Annualized throughput on myFawry surged by 117.5% to EGP 27.4 billion.
This integrated offering has enabled strong momentum in our Consumer Finance portfolio, with BNPL loan balances exceeding EGP 1.3 billion as of the end of 1Q2025. Simultaneously, the NAV of our Money Market Fund crossed EGP 1.8 billion, further reinforcing the app's growing role as a neo-banking platform.
On the business side, we continue to enhance Fawry Business, our digital platform tailored for enterprises.
In addition to payroll cards and acceptance solutions, we have introduced corporate cards and supplier payment tools that give businesses tighter control over expenses and improved cash flow visibility.
These offerings reflect our growing focus on embedded financial services that deliver operational efficiency and real-time financial management .
To further support small and medium enterprises (SMEs), we have embedded working capital financing directly into the payment journey, providing seamless, on-demand access to credit at the point of transaction. This embedded finance approach eliminates friction, enhances liquidity for merchants, and aligns with our mission to create a more inclusive and digitally empowered business ecosystem.
Additionally, we are advancing our strategy to leverage our big data and AI platform across key areas such as dynamic customer engagement, fraud detection, credit scoring, and code generation. These initiatives aim to deliver more personalized customer experiences, enable behavior-driven decision-making, and boost operational productivity .
Lastly, we are proud to have achieved a major regional and global milestone with the successful MPOC certification of our in-house developed Soft POS solution, Tap N Pay. 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.
These achievements are a testament to our unwavering focus on innovation and our commitment to meeting the diverse needs of our customers. Our strong performance in 1Q2025 underscores our ability to execute on our strategic priorities while continuing to expand our offerings, improve customer experience, and lead the digital transformation of financial services in Egypt.
Looking ahead, Fawry remains firmly committed to delivering sustainable growth and long-term value for all stakeholders, while playing an active role in the development of Egypt's financial sector and broader digital economy.