At a Glance
- H1 revenue rose 63.8% to $77.5 million on broad-based growth across all business lines.
- Net profit after non-controlling interests soared 99.9%, lifting margins to record highs.
- myFawry app downloads surged 41.3%, boosting Egypt’s rapid digital payments adoption.
Fawry for Banking Technology and Electronic Payments (Fawry), Egypt’s largest fintech company led by Ashraf Sabry, maintained strong momentum in the first half of 2025, with revenue climbing more than 60 percent year-on-year to over $77 million, fueled by broad-based growth across its business lines.
The performance reinforces its market dominance as Egypt accelerates its shift toward cashless transactions.
Record H1 profitability on diversified growth
According to its recently released half-year results, Fawry’s strong top-line momentum in H1 2025 was fueled by broad-based expansion across all business lines, with revenue surging 63.8 percent year-on-year from EGP 2.3 billion ($47.6 million) to EGP 3.77 billion ($77.5 million).
Banking Services — now the company’s largest segment — climbed 55.1 percent to EGP 1.45 billion ($30.02 million), while Financial Services more than doubled, soaring 170.7 percent to EGP 1.02 billion ($21.12 million).
Alternative Digital Payments (ADP) delivered a solid 26.5 percent rise to EGP 967.7 million ($20.03 million), and Supply Chain Solutions advanced 38.6 percent to EGP 221.8 million ($4.59 million).
Net profit after non-controlling interests soared 99.9 percent to EGP 1.26 billion ($26.08 million), with the net profit margin expanding to 33.4 percent. EBITDA nearly doubled to EGP 2.12 billion ($43.89 million), lifting the margin to 56.2 percent — the highest in the company’s history — reflecting Fawry’s ability to combine operational scale with disciplined cost management.
myFawry adoption accelerates as digital payments soar
Fawry processed 1,008 million transactions in H1 2025, up 8.9 percent from 925 million a year earlier, as digital finance usage widened.
Mobile wallet transactions surged 66 percent in volume to 169 million, while throughput value jumped 88.5 percent to EGP322.8 billion ($6.68 billion) from EGP 171.3 billion ($3.55 billion) in H1 2024.
The strong performance underscores Fawry’s expanding role in Egypt’s digital payments ecosystem, supported by its deep integration with banks, telecom operators, and merchants, as well as growing consumer engagement through the myFawry app, which saw downloads climb 41.3 percent to 20.4 million.
Fawry’s digital push is underscored by the strong performance of its flagship app, myFawry. Now a cornerstone of Egypt’s cashless ecosystem, the platform offers services spanning bill payments, mobile top-ups, digital wallets, BNPL, and investment products including EGX30, gold, and Sharia-compliant funds.
In H1 2025, annualized transaction throughput via myFawry more than doubled, soaring 115.3 percent year-on-year to EGP 28.5 billion (4589.9 million), while downloads climbed 41.3 percent to 20.4 million, reinforcing its role as a key driver of Egypt’s digital finance adoption.
Fawry: Scaling Egypt’s fintech frontier
Founded in 2008 by Ashraf Sabry, Fawry has grown into Egypt’s top e-payments and fintech platform, backed by valued investors including the National Bank of Egypt, Banque Misr, Alpha Oryx Limited UAE, and the Egyptian American Enterprise Fund.
With 36 member banks, a mobile platform, and over 400,000 agents, it processes more than six million transactions daily, serving 54.1 million monthly users.
Sabry, who owns 2.345 percent of the company (40,036,282 shares), drives its push for digital innovation and operational efficiency, cementing Fawry’s leadership in Africa’s fintech space.
