eFinance Investment Group delivered another record high year in terms of revenue, net profit, and margin expansions across the board, as revenue expanded by 47% y-o-y to EGP 3.9 billion and adjusted net profit reached an all-time high of EGP 1.5 billion an increase of 61% y-o-y with a margin expansion to 39.2%. EFIG announced today its standalone and consolidated results for the year ended 31 December 2023. The Group’s consolidated revenues grew by 47.5% y-o-y to EGP 3,898.6 million, driven by solid results across its portfolio of subsidiaries. On the profitability front, the Group EBITDA rose by 64.5% y-o-y to EGP 1,836.6 million, yielding an EBITDA margin expansion of 4.9 percentage points to 47.1% in FY2023. At the bottom-line, e-finance’s net profit after NCI witnessed a substantial 56.4% y-o-y increase to EGP 1,257.7 million, with an associated y-o-y net profit margin expansion of 1.9 percentage points to 32.3% in FY2023. Adjusted net profit, which adds back non-cash ESOP expense on an after-tax basis, reached EGP 1,529.3 million in FY2023Commenting on the Group’s performance, EFIG's Chairman & CEO Ibrahim Sarhan said: “The Group’s consistent strong performance underscores its ability to meet operational, financial, and strategic objectives amidst an ever-changing macroeconomic landscape. Despite market fluctuations in Egypt, due to heightened inflationary pressures and local currency devaluation, the Group successfully navigated through these obstacles with resilience and determination, culminating in a robust performance for FY2023.Click Here for the full Earnings Release

Minister of Youth and Sports Dr. Ashraf Sobhy honors eFinance Investment Group for its successful sponsorship of the Egyptian handball team, who claimed the African championship for the third consecutive year. At the Minister of Youth and Sports' invitation, Mr. Islam El-Gamal, Marketing & Strategic Communications & PR deputy head of marketing, attended the honorary events on behalf of the group, and expressed his pride at receiving this honor, which was based on the group's faith in the skills and capabilities of the Egyptian handball team, who claimed the African title for the ninth time in history. Several prominent figures from Egypt's sports industry attended the ceremony, along with representatives from private companies that support and sponsor sports.

For the third time in a row, Egypt’s handball men's team named the African Champions making it a total of 9 African titles. EFIG’s been sponsoring the National Handball Team as well as the championship for 2 years now, and we’re very proud to be a part of such a great sport and such a dedicated team. Egypt, the hosting country won the 26th African Men's Handball Championship after The Pharaohs showed an outstanding performance, dominating the court floor and winning over Algeria in the final on Saturday. It is the third consecutive African title and the ninth in total for the Egyptian handball men's team. The win also secured Egypt’s spot in the 2024 Paris Olympics for the eighth time in its history, and in the 2025 World Championship, which is set to take place in Croatia, Denmark, and Norway.