Beltone Holding (EGX: BTFH.CA), one of Egypt’s leading financial institutions, reported a stellar first half of 2025, with operating revenues skyrocketing 115% year-over-year (YoY) to reach a record EGP6.3 billion. Net profit after tax and minority interest surged to EGP1.3 billion, marking a robust 60% YoY increase, as the firm capitalized on strong performances across its diversified investment and non-bank financial platforms.
The group’s outstanding portfolio hit EGP34.8 billion at the end of June 2025, reflecting a significant 109% YoY expansion, reinforcing Beltone’s position as a dominant force in the Egyptian and regional financial landscape.
At the center of this performance is Group CEO and Managing Director Dalia Khorshid, whose bold vision and execution continue to redefine the growth trajectory of one of the region’s most dynamic financial institutions.
The group’s outstanding portfolio hit EGP34.8 billion at the end of June 2025, reflecting a significant 109% YoY expansion, reinforcing Beltone’s position as a dominant force in the Egyptian and regional financial landscape.
Key Financial Highlights (1H2025):
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Operating Revenues: EGP6.3 billion (+115% YoY)
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Net Profit (After Tax & Minority Interest): EGP1.3 billion (+60% YoY)
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Outstanding Portfolio: EGP34.8 billion (+109% YoY)
Unmatched Growth Scale Across Core Operations
Beltone’s Investment Bank (IB) platform recorded revenues of EGP1.1 billion in 1H2025, reflecting a 137% YoY increase.
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Investment Banking Advisory Services: Generated EGP582 million in revenue, representing a staggering 597% YoY jump, driven by high demand across equity, debt, and credit advisory.
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Securities Brokerage: Grew 41% YoY to EGP474 million, buoyed by expanding market share, a broader client base, and increased trading volumes.
Sustained Leadership and Diversification
Beltone retained its status as Egypt’s largest non-bank affiliated asset manager, with Assets Under Management (AUM) reaching EGP27.3 billion.
Meanwhile, its Non-Bank Financial Institutions (NBFIs) arm recorded EGP5.0 billion in revenues, a 111% YoY surge. This performance was underpinned by impressive growth in leasing, factoring, mortgage finance, SME lending, and microfinance.
NBFI Segment Performance:
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Leasing & Factoring: EGP2.4 billion in revenues (+107% YoY); EGP14.5 billion outstanding portfolio (+78% YoY)
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Mortgage Finance: EGP955 million in revenue (+106% YoY); EGP7.3 billion outstanding portfolio (+121% YoY)
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SMEs: EGP212 million in revenue; EGP1.4 billion portfolio, reflecting rapid traction since its Q3 2024 launch
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Cash Microfinance: EGP400 million in revenue (+181% YoY); EGP1.4 billion portfolio (+227% YoY)
Strategic Expansion of Venture Capital
Beltone’s venture capital unit executed six new transactions during 1H2025, spanning equity investments and venture debt financing. The market value of the company’s equity portfolio has grown over 220% since inception, signaling strong investment selection and capital growth strategies.
