🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.
Today: We have the latest earnings results from Contact Financial.
Market overview
EGX Pulse
🔔 EGX30 ended +1.2% by market close at 47,497 points, the EGX70 rose 0.5% to 12,824 points, and the EGX100 rose 0.4% to reach 17,878 points.
💸 The number of transactions reached 150,768 spread across 2,039,007,572 stocks leading to a turnover of EGP 7.279 billion.
🏷️ Local investors were the only net buyers.
📈 Top gainers for the market as a whole included National Housing for Professional Syndicates (+8.8%), Prime Holding (+7.5%), and Egypt for Poultry (+7.5%).
📉 Top losers for the market included Concrete Fashion Group (-4.4%), Gogreen for Agricultural Investment (-4.3%), and Valmore Holding-EGP (-4.o%).
⬆️ Top gainers for EGX30 included Fawry (+4.2%), Ibnsina Pharma (+3.6%), and Eastern Company (+3.5%).
⬇️ Top losers included Valmore Holding -EGP (-4.0%), Egypt Aluminum (-3.9%), and Raya Holding (-2.8%).
Other Important Stats:
🧈 24K Gold reached EGP 7,931 per gram, up 2.2% day-on-day but down 1.2% month-on-month.
💲 The USD reached EGP 52.53 at the National Bank of Egypt.
Corporate corner
Contact Financial’s profit drops 50% YoY in 2025
Non-bank financial services provider Contact Financial Holding (CNFN) reported a net profit of EGP 345 million for 2025, down 50% year-on-year as results were pressured by group restructuring and disciplined reinvestment into digital infrastructure, according to its latest earnings release.
Total revenues increased by 29% to reach EGP 8.4 billion, compared to EGP 6.5 billion in 2024. Meanwhile, consolidated operating income reached EGP 2.8 billion, marking a 12% increase compared with the same period last year. Growth was driven primarily by strong performance in the financing division and exceptional results from the insurance division.
Segment performance highlights:
Financing Division: Brought in EGP 2.2 billion in operating income (+12% YoY), supported by a strategic shift toward higher-margin products and strong returns from portfolio transfers.
Insurance Division: Operating income reached EGP 562 million (+15% YoY), while insurance revenue surged to EGP 2.9 billion (+58% YoY) due to new product rollouts and increased cross-selling.
Digital (ContactNow): The platform processed over EGP 2 billion in transactions, with new downloads increasing by 91% YoY.
Consumer & Corporate Financing: Consumer financing increased by 15% and corporate lending activities expanded by 27%, strengthening the resilience of the corporate cluster.
Details for the fourth quarter:
For the fourth quarter of 2025, total consolidated operating income rose to EGP 803 million, up 3% year-on-year from EGP 778 million in 4Q 2024. Net profit for the quarter reached EGP 141 million, down 46% versus the same quarter last year.
Stock performance:
The company has a rough start to the year, with its share price down 23% since the start of the year. This makes it down 8.7% compared to levels recorded in March of last year.
