CI Capital Holding reports strong quarterly results
Normalized NPATM (Net Profit After Tax and Minority Interest), excluding FX impact, increased by 54%, while normalized revenues -on the same basis- increased by 35%
The Group's on-balance sheet financing portfolio continues to grow, recording EGP 23.7bn, a 15% y-o-y increase
Cairo: CI Capital (CICH.CA), the leading diversified financial services group, announced today its financial results for 1Q25, with revenues reaching EGP 2.4bn, while net profit after tax & minority interest recorded EGP 381mn. The Group's total on-balance sheet financing portfolio continues to grow, reaching a total of EGP 23.7bn, up 15% y-o-y.
'CI Capital demonstrated, once again, its unique resilience and agility through a challenging macroeconomic environment and market shifts, by achieving solid results despite current headwinds. CI Capital continues to expand its financial portfolio by a 15% increase y-o-y, reaching EGP 23.7bn, reflecting its diversified business model and further cementing its leadership within the Egyptian market,' stated Mahmoud Attalla, the Group's Executive Vice Chairman and MD.
'CI Capital, driven by the strength of its core operations, after excluding the impact of foreign exchange, recorded a 54% y-o-y increase in normalized net profit after tax and minority interest (NPATM), while revenues—on the same basis—rose by 35%. CI Capital, throughout 1Q25, continues to deliver a consistently strong performance amid market volatility,' Commented CI Capital's Group CEO, Hesham Gohar.
'Our NBFS platform continues to be a key driver of growth, thriving across overall performance; Corplease, the group's leasing arm, cemented its leadership position by achieving an exceptional 275% y-o-y increase in new lease bookings, while CI Mortgage achieved a remarkable 192% y-o-y increase in loan disbursements, further growing its portfolio by a substantial 85% y-o-y. Our microfinance arm, Reefy, continues to deliver steady results and expand despite a challenging market. CI Capital's Investment Bank posted strong results, with our advisory division excelling in deal executions, concluding 8 major transactions with an aggregate size of EGP 22.4bn during 1Q25. On the Asset Management front, our total AUMs grew by 18% during 1Q25, reaching an all-time high of EGP 82.1bn,' Gohar added.
Corplease, the Group's leasing arm, ended the quarter with a total outstanding portfolio of EGP 17bn, up by 14% year over year. It reported an exceptional 275% y-o-y increase in new lease bookings, totaling EGP 3.9bn. Corplease maintained its leading position with a 33% market share, while net profit after tax recorded EGP 223mn in 1Q25.
CI Mortgage Finance concluded 1Q25 with an 85% y-o-y increase in its outstanding portfolio, recording EGP 2.5bn, while extending EGP 795mn in new loans during this quarter, a remarkable 192% y-o-y increase. Revenues increased by 95% y-o-y to reach EGP 194mn, while net profit after tax reached EGP 29mn, a 141% y-o-y increase.
Reefy Microfinance Enterprise Services ended 1Q25 by extending new loans totaling EGP 957mn and expanding its branch network to 189 branches, serving 135k customers across 21 governorates. By 1Q25, Reefy's total outstanding portfolio reached c.EGP 3.4bn.
CI Capital's Investment Bank posted a strong set of results, with revenues reaching EGP 387mn. CI Capital Brokerage total revenues reached EGP 249mn, CI Capital Asset Management reported a 10% y-o-y increase in revenues to reach EGP 88mn, while total assets under management reached an all-time high of EGP 82.1bn, an 18% y-o-y growth. CI Capital's IB advisory division continued to excel in terms of performance and deal executions during 1Q25, concluding 8 high-profile transactions spanning ECM, DCM, and M&A, with an aggregate size of EGP 22.4bn.
'With a resilient and diversified portfolio paired with a leadership position within the Egyptian market, CI Capital will continue to navigate challenging market cycles, providing its investors with tailor-made, innovative financial solutions and offering excellence in everything we do. The company remains fully committed to expanding its service offerings while solidifying its regional footprint and market presence," Gohar concluded.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
5 hours ago
- The National
Hamas seeks guarantees on Israeli withdrawal in response to Gaza ceasefire plan
Hamas has given a conditional nod to the Gaza truce plan presented by US envoy Steve Witkoff, with the group's reservations focused on assurances it seeks on Israel's withdrawal from Palestinian territory and the distribution of aid, sources told The National on Saturday. They said Hamas's response to the plan was handed to Qatar and Egypt, whose mediators in turn fine-tuned it in co-operation with Hamas's leaders. Hamas's response, reached after extensive consultations with its allies in Gaza, seeks firm assurances that negotiations with Israel during the proposed 60-day truce will bring about an Israeli withdrawal and an end to the war, according to the sources. Israel has long maintained it would not end the war until all hostages are released and Hamas's governing and military capabilities are dismantled. Hamas is also seeking clarifications on the quantity, nature and distribution of the humanitarian aid that will enter Gaza if a deal is reached. It also wants to stagger the release of 10 living hostages cited by the plan over the course of the 60-day truce, not in batches as previously. "Hamas believes that releasing the 10 hostages one by one or two by two throughout the truce will help ensure Israel's continuous commitment to the deal," said one of the sources. Hamas is believed to be holding about 58 hostages, of whom about 20 are alive, according to the military in Israel, which has already accepted the plan. Under the plan, it is expected to hand over the remains of 18 hostages. In a vaguely-phrased statement, Hamas said on Saturday its response to the plan included a demand for an end to the war. "This proposal aims to achieve a permanent ceasefire, a comprehensive withdrawal from the Gaza Strip, and ensure the flow of aid to our people and our families in the Gaza Strip." Israeli Defence Minister Israel Katz said Hamas must agree to the ceasefire proposal or be destroyed. "The Hamas murderers will now be forced to choose: accept the terms of the 'Witkoff Deal' for the release of the hostages - or be annihilated," he said. The latest proposal to pause the war in Gaza comes after repeated attempts by mediators failed to achieve a breakthrough, with Israel resuming military operations on March 18 after the end of a two-month truce brokered by mediators from the United States, Egypt and Qatar. Sources told The National on Friday that Hamas was dissatisfied with the plan's lack of 'genuine guarantees' that the proposed negotiations with Israel would lead to an end to the war and Israeli withdrawal from Gaza. They said Hamas believed the plan left the prospect of an Israeli withdrawal and a long-term truce dependent on the progress of the negotiations, rather than the fruition of the process, the sources said. Hamas also believes the plan ignores its suggestions on the timeline and dynamics of the handover of hostages and fails to treat the delivery of aid into Gaza as a human right, leaving the process closely linked to the proposed plan and, subsequently, subject to Israel's use of food as a weapon. Under the plan, the resumption of humanitarian aid would involve 1,000 lorries a day to quickly address the widespread hunger and acute shortages of medicine and other essentials among Gaza's 2.3 million population, the sources said. A distribution plan drafted by UN experts for its personnel and members of affiliated agencies has been handed to Israeli authorities, the sources said. Besides a long-term ceasefire and Israeli withdrawal from Gaza, the proposed negotiations during the truce will, according to the plan, tackle sensitive issues including the governing of postwar Gaza, the fate of Hamas's weapons and the exile abroad of its senior officials, the sources said. Hamas has already suggested it would keep away from governing Gaza and any reconstruction effort and has said it is open to laying down and storing its weapons under international supervision, but not surrendering them. It has also indicated that it will agree to some of its senior officials, as well as some from allied groups such as Palestinian Islamic Jihad, leaving Gaza to live in exile – provided they are not attacked later by Israel. The Gaza war was caused by a Hamas-led attack on southern Israel that killed 1,200 people. Hamas fighters also took about 250 hostage. Israel responded with a relentless military campaign that has killed more than 54,000 Palestinians and injured more than twice that number, Gaza's Health Ministry has said. The war also laid to waste most of the enclave's built-up areas.
Sharjah 24
a day ago
- Sharjah 24
Nahyan bin Mubarak receives outgoing Egyptian ambassador
Appreciation for strengthening UAE-Egypt ties During the meeting, Sheikh Nahyan bin Mubarak expressed his appreciation for the ambassador's efforts in strengthening bilateral relations between the UAE and Egypt. Advancing bilateral cooperation He also highlighted the significant progress witnessed in recent years across various areas of cooperation, crediting the continuous coordination and shared vision of the two nations' leadership. Ambassador expresses gratitude The Egyptian Ambassador conveyed his appreciation and gratitude to the UAE's leadership and people for the support and collaboration extended to him throughout his term. UAE as a model of success He praised the UAE's remarkable cultural and developmental progress, describing it as a regional and global model of success. Farewell wishes and continued partnership At the end of the meeting, Sheikh Nahyan wished the ambassador success in his future assignments and reiterated the enduring fraternal ties between the UAE and Egypt that continue to serve shared interests and enhance regional security and stability.
Zawya
a day ago
- Zawya
Libya becomes a full participating state and shareholder of Afreximbank
The State of Libya has taken a critical step towards its full membership of African Export-Import Bank (Afreximbank) ( with the acquisition of shares in the African multilateral Bank, making the country both a participating state and a shareholder of the Bank. The country submitted its payment for the acquisition of the Bank's shares on 13 May 2025. Libya acceded to Afreximbank's Establishment Agreement in October 2024, becoming the 52nd African nation to do so, and marking an important step towards full continental coverage and advancement of the Bank's continental integration agenda; through trade and investments. The acquisition of Afreximbank's shares by Libya further strengthens ties with the oil rich nation and enhances critical support to the Libyan economy. Target areas of intervention by Afreximbank include infrastructure and oil and gas, and export of manufactured goods to the rest of Africa, while also supporting regional integration projects targeting other countries in North Africa. 'Libya's shareholding in Afreximbank puts the Bank in a strong position to support the government's reconstruction efforts while also helping to deepen its regional connectivity through investments in critical projects such as the oil pipeline and road projects between Egypt and Libya, and the electricity transmission and linkage project covering Libya, Tunisia, and Algeria. It reaffirms the confidence of African governments in their Pan-African Multilateral Financial Institution,' said Prof. Benedict Oramah, President and Chairman of the Board of Directors, of Afreximbank. Prof. Oramah commended Libya for its investment in the Bank which demonstrates increased confidence in the organisation's activities, primarily its mandate of transforming African Trade. He noted that the shareholding in the Bank will help to expand its services, reach and influence in the region, besides enhancing its capital base. In acceding to the Establishment Agreement, His Excellency Dr. Khaled Al-Mabrouk Abdullah, Minister of Finance for the State of Libya, highlighted the importance of the partnership in supporting reconstruction and economic diversification efforts in his country and said that the nation's accession was a milestone in its journey towards rebuilding its economy and re-establishing its role as a regional trading hub. He said: 'Libya is grateful to His Excellency, Prof. Benedict Oramah, President and Chairman of the Board of Directors, of Afreximbank, for his persistent efforts in facilitating Libya's full participation in the Bank's foundational agreement. The acquisition of shares in Afreximbank solidifies Libya's position as a full member state and shareholder in this esteemed multilateral African institution. This represents a historic achievement, following our accession to the Bank's Establishment Agreement in October 2024. 'We regard this development as a critical step forward in Libya's journey towards greater economic integration within the African continent. Our accession as the 52nd African nation to Afreximbank underscores our commitment to fostering robust trade and investment relationships across Africa.' Dr. Abdullah noted that the partnership between Libya and Afreximbank would help unlock new avenues for economic growth, diversification, and development in his country. 'We eagerly anticipate leveraging the Bank's expertise and resources to support our national economic agenda and to contribute effectively to the advancement of intra-African trade and continental integration. We commend Afreximbank for its unwavering commitment to African economic advancement and look forward to a fruitful and mutually beneficial collaboration,' he added. Distributed by APO Group on behalf of Afreximbank. About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, "the Group"). The Bank is headquartered in Cairo, Egypt.
