15 Fawry (FWRY.CA on the Egyptian Exchange), Egypt’s leading fintech company,
.announced today its consolidated financial results for the quarter ending 31 March 2025.
The Company reported revenues of EGP 1,794.8 million in 1Q2025, marking a robust 65.1% year-on-year (y-o-y) increase
This strong top-line performance was fueled by the expansion and diversification of Fawry’s business offerings.
Combined with effective cost control,
this led to solid profitability margins. Net profit for the quarter reached EGP 605.4 million,
reflecting an impressive 97.1% y-o-y increase and a net profit margin (NPM) of 33.7%.
The results highlight Fawry’s ability to scale efficiently while sustaining profitability .
Fawry Drives Growth Across Core Segments, Led by Financial Services
Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented:
“I am pleased to report that Fawry has started 2025 on a strong footing,
delivering continued operational and financial growth in the first quarter,
while making significant strides in advancing our long-term value creation strategy.”
Financial Services emerged as the leading growth driver, contributing 40% of the company’s
overall top-line expansion with an exceptional 164.2% increase y-o-y. Fawry’s Banking Services segment
—its second-largest revenue contributor—also recorded solid growth, up 55.9% y-o-y. Meanwhile
, Supply Chain Solutions posted a 35.3% y-o-y rise in revenues, demonstrating Fawry’s strategic evolution into a comprehensive ecosystem offering a broad range of value-added services.
The Alternative Digital Payments segment sustained healthy momentum, growing 30.2% y-o-y,
and continued to serve as the backbone of Fawry’s interconnected digital platform.
Fawry Focuses on Expanding Digital Services and Operational Efficiency
Sabry added that a key driver of continued growth has been Fawry’s strategic focus on expanding its digital service
offerings, enabling consumers to meet everyday financial needs and helping businesses grow
more effectively via integrated platforms. Simultaneously, Fawry has made targeted investments
to streamline internal operations, enhancing its ability to serve clients with increased agility, efficiency, and precision.
A major strategic focus area is the monetization of Fawry’s proprietary technology,
which saw a remarkable 125% y-o-y increase in technology-related revenues.
This growth underscores the success of Fawry’s ongoing efforts to commercialize its technology stack,
which is set to become a critical revenue engine in the years ahead.
On the consumer front, the myFawry app and Prepaid Yellow Card continue to function
as a unified financial hub, offering bill payments, promotional offers, BNPL solutions,
medical insurance, and access to Fawry’s Money Market Fund.
Annualized throughput on myFawry surged by 117.5% to EGP 27.4 billion.
The BNPL loan portfolio exceeded EGP 1.3 billion as of 1Q2025, while the NAV
of the Money Market Fund surpassed EGP 1.8 billion, reinforcing myFawry’s positioning
as a next-generation neo-banking platform.
On the enterprise side, Fawry continued to enhance its Fawry Business platform,
tailored for SMEs and corporates
. Beyond payroll cards and acceptance solutions, Fawry introduced corporate cards and supplier payment tools,
empowering businesses with better expense control and real-time cash flow visibility.
These enhancements reflect Fawry’s growing focus on embedded financial services that
enable operational efficiency and financial agility.
Fawry has also embedded working capital financing directly into the payment journey,
offering seamless access to credit at the transaction point. This approach minimizes friction,
improves liquidity for merchants, and aligns with Fawry’s mission to build an inclusive,
digitally empowered business ecosystem.
Fawry is advancing its strategy to leverage big data and artificial intelligence acros
s key operational areas including dynamic customer engagement, fraud detection,
credit scoring, and code generation.
These initiatives are designed to deliver more personalized user experiences,
drive data-informed decisions, and enhance productivity throughout the organization.
A major innovation milestone was achieved with Fawry’s in-house developed Soft POS solution,
Tap N Pay, receiving MPOC certification. Fawry is now the first company in the MENA
region to secure both CPOC and MPOC certifications, and the 10th globally to achieve MPOC.
Tap N Pay is the first fully Egyptian-built Soft POS platform,
with full copyright ownership retained by Fawry.
“These achievements are a testament to our unwavering focus on innovation and our commitment to
meeting the diverse needs of our customers,” concluded Sabry.
“Our strong performance in 1Q2025 underscores our ability to execute on strategic priorities
while continuing to expand offerings, improve customer experience, and lead the digital transformation
of financial services in Egypt. Looking ahead, Fawry remains firmly committed to delivering sustainable
growth and long-term value for all stakeholders, while playing an active role in the development of Egypt’s
financial sector and broader digital economy.”
