Egyptian tech mogul Ashraf Sabry’s Fawry posts $32.3 million profit in H1 2026

Fawry for Banking Technology and Electronic Payments (Fawry), Egypt’s largest digital-only financial services platform led by Ashraf Sabry, continued its strong growth momentum in the first half of 2026, posting a net profit of $32.4 million, driven by an expanding product portfolio, growing digital adoption and sustained focus on operational efficiency.

According to its consolidated financial results, Fawry’s net profit after non-controlling interests surged 28.9% year-on-year to EGP1.62 billion ($32.4 million) in the six months ended June 30, 2026, from EGP1.26 billion ($25.1 million) a year earlier. This substantial growth cements its standing among Egypt’s most profitable businesses.

Revenue growth fueled by banking and financial services

Fawry’s total revenue climbed 38.7% year-on-year to EGP5.22 billion ($104.4 million) in H1 2026, up from EGP3.77 billion ($75.3 million) in H1 2025, driven by broad-based growth across its major business segments.

Banking Services remained Fawry’s largest revenue contributor, generating EGP2.07 billion ($41.4 million), up 43.2% year-on-year and accounting for 39.6% of total revenue. Agent Banking revenue jumped 69.1% to EGP1.07 billion, while Acceptance revenue rose 23% to EGP1 billion.

Financial Services delivered even faster growth, with revenue surging 65.1% to EGP1.69 billion ($33.8 million), representing 32.3% of total revenue. The segment benefited from MSME lending, consumer finance, insurance brokerage, prepaid cards and other financial products.

Alternative Digital Payments generated EGP995.7 million ($19.9 million), up 2.9%, while Supply Chain Solutions revenue increased 40.7% to EGP312 million ($6.2 million).

Digital transactions continue to scale

Fawry’s total throughput value increased 52.1% year-on-year to EGP586.9 billion ($11.7 billion), while transaction volumes reached 1.06 billion.

Mobile-wallet transactions rose 76% to 297 million, with processed value climbing 81.9% to EGP587.3 billion. Meanwhile, myFawry app downloads increased 37.2% to 28 million.

Prepaid cards issued more than doubled, reaching 3.8 million, up 115.6% year-on-year, supported by expanded rewards, benefits and personalized digital experiences.

Fawry expands its financial ecosystem
Founded in 2008, Fawry now serves an estimated 54.8 million active customers monthly, processing more than 6 million transactions per day, supported by a network of 36 member banks, 377,000 agents, and AI-driven digital services. CEO Ashraf Sabry also holds a 2.345% stake, equivalent to 40,036,282 shares.

Fawry’s gross loan portfolio across its microfinance, MSME and consumer-finance businesses increased 71.3% year-on-year to EGP6.61 billion ($132.3 million). Its MSME portfolio exceeded EGP3.4 billion, while consumer-finance loans reached EGP3.22 billion.

Profitability also strengthened, with EBITDA rising 40% to EGP2.96 billion ($59.2 million), producing a 56.7% margin. Gross profit increased 37.9% to EGP3.54 billion ($70.8 million).

Looking ahead, Fawry plans to begin the phased launch of an integrated Medical Services Platform in the first half of 2027, combining third-party administration, pharmacy-benefit management and microinsurance capabilities.

The company is also embedding artificial intelligence across product development, customer engagement, acquisition, retention and support as it seeks to deepen financial and healthcare inclusion across Egypt.