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."
