Fawry Delivers Strong 1Q2026 Results with 34% Revenue Growth Driven by Strategic Diversification
Building on a record fiscal year 2025, Fawry (FWRY.CA) announced a robust financial performance for the first quarter ended March 31, 2026.
The company recorded consolidated revenues of EGP 2,410.7 million (up 34.3% Y-o-Y), EBITDA of EGP 1,351.5 million (up 34.8%), and a net profit after NCI of EGP 749.3 million (up 23.8%).
Total throughput value across the platform also grew by 34.3% to hit EGP 253.2 billion, demonstrating Fawry’s expanding footprint in Egypt’s digital finance market.
Financial Services Emerges as Key Revenue Engine
A major highlight of the quarter was the success of Fawry’s revenue diversification strategy.
The Financial Services segment—which includes consumer finance (BNPL), microfinance, and insurance—surged by 73.9% Y-o-Y to EGP 800.5 million, accounting for over 55% of the total revenue growth.
This rapid expansion positions Financial Services as a core pillar of Fawry’s ecosystem, reducing its traditional reliance on Alternative Digital Payments (ADP), which grew by a modest 2.3%.
Surging Digital Engagement and Network Optimization
Operational metrics showed stellar digital adoption, with issued Prepaid Cards skyrocketing 136.3% to 3.2 million and myFawry app downloads increasing 38.4% to 26.2 million.
Mobile wallet transactions also surged by 80.5% in volume.
Concurrently, Fawry executed a disciplined network optimization strategy, deliberately reducing total POS terminals by 6.1% to 371.5 thousand to phase out underutilized terminals and maximize per-device productivity.
New Strategic Horizons in Insurance, Healthcare, and AI
Looking ahead, Fawry secured key institutional expansions, including an FRA microinsurance license and a Third-Party Administrator (TPA) license to digitize claims and payments under the “Fawry Healthcare” brand.
Additionally, Fawry MSME Finance secured a EGP 250 million facility from the EBRD targeting underserved young entrepreneurs.
Backed by new leadership appointments and advanced AI integration, Fawry is on track to launch its proprietary LLM-powered chatbot by year-end to further elevate customer engagement.
