Fawry delivers Q1 revenue of $53.3 million under Ashraf Sabry

Key Points

• Fawry’s Q1 2025 revenue jumped 65.1% to $35.73 million, driven by expanded services and tight cost control, resulting in a record net profit of $12.08 million.
• myFawry app transactions surged 117.5% to $546.9 million, highlighting strong user adoption and solidifying the app’s position in Egypt’s digital finance landscape.
• Financial Services led revenue growth, up 164.2% year-on-year, contributing 40% to total earnings and showcasing Fawry’s strategic shift toward higher-margin verticals.

Fawry for Banking Technology and Electronic Payments (Fawry), Egypt’s largest fintech firm led by Ashraf Sabry, continues its strong momentum into 2025, delivering exceptional growth with revenue surging more than 65 percent to top $35 million. The performance reflects its dominant position in Egypt’s digital payments sector amid a growing shift toward cashless transactions.

Fawry achieves record profitability amid expansion

According to its recently released Q1 2025 results, the company reported a significant year-on-year revenue increase of 65.1 percent, reaching EGP 1.79 billion ($35.73 million) was driven by the expansion and diversification of the Company’s business offerings, which alongside effective cost control measures resulted in robust profitability margins. 

Net profit surged by 97.1 percent to EGP 605.4 million ($12.08 million), yielding an associated net profit margin of 33.7 percent. This robust performance reflects the expansion and diversification of Fawry’s business offerings, particularly in Financial Services, which grew by 164.2 percent year-on-year and contributed 40 percent to total revenue. 

Banking Services and Supply Chain Solutions also saw substantial growth, increasing by 55.9 percent and 35.3 percent, respectively. A key milestone this quarter was EBITDA surpassing EGP 1 billion ($20 million)—marking the highest quarterly result in the company’s history—and reflecting Fawry’s continued success in combining operational scale with strong financial discipline.

myFawry transactions surge as digital adoption deepens

Fawry processed 484.8 million transactions in Q1 2025, marking a 9.8 percent year-on-year increase from 441.6 million. Mobile wallet transactions more than doubled in both volume and value, rising 102.9 percent to EGP 158.7 billion ($3.17 billion) from EGP 78.2 billion ($1.56 billion) a year earlier. This sharp growth highlights Fawry’s critical role in powering Egypt’s mobile wallet infrastructure through deep integration with financial institutions and telecom operators.

The company’s digital push is further reflected in the performance of its flagship app, myFawry. Now central to Egypt’s cashless ecosystem, the app offers services ranging from prepaid cards and BNPL to the Fawry Yawmy Money Market Fund. In Q1 2025, transaction volumes via myFawry surged 117.5 percent year-on-year to EGP 27.4 billion ($546.9 million), cementing its influence in Egypt’s digital finance space.

Fawry: A fintech powerhouse with esteemed backing

Fawry is a key player in Africa’s fintech landscape, attracting esteemed shareholders like the National Bank of Egypt, Banque Misr, Alpha Oryx Limited UAE, Egyptian American Enterprise Fund, and Link Holdco. Founded in 2008 by Sabry, Fawry has become Egypt’s leading e-bill payment platform. 

Sabry, who owns 2.345 percent of the company (40,036,282 shares), has been instrumental in driving Fawry’s growth and dominance in the African fintech sector. Under Ashraf Sabry’s leadership, Fawry continues to leverage its strategic focus on digital innovation and operational efficiency, reinforcing its position as a leading fintech company in Egypt.