Beltone Holding stock reports 125 percent revenue growth

Published on 09/29/2026 at 17:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Beltone Holding stock posted EGP 14.18 billion in operating revenue in H1 2026, up 125 percent year over year. Net income fell 50 percent to EGP 646.8 million.

BTFH, EGS691G1C015, Illustration mit AI erstellt.

Beltone Holding (ISIN EGS691G1C015) reported EGP 14.18 billion in consolidated operating revenue for the first half of 2026, up 125 percent from the year-earlier period. The result gives the financial-services group a clear growth story, but the earnings trend moved in the opposite direction.

Revenue rises as earnings fall

According to EnterpriseAM on August 30, 2026, first-half net income after tax and minority interest fell 50 percent year over year to EGP 646.8 million. Net operating income increased 16 percent to EGP 2.07 billion, while the operating margin narrowed to 15 percent from 28 percent.

The second quarter was the main pressure point. Beltone posted a net loss of EGP 47.8 million in Q2 2026, compared with net income of EGP 601.6 million a year earlier, even as quarterly operating revenue reached EGP 7.36 billion, up 112 percent.

Costs define the next phase

Operating expenses rose 157 percent year over year to EGP 6.36 billion in Q2 2026, according to EnterpriseAM. General and administrative expenses climbed 287 percent to EGP 7.3 billion in the first half, with the company pointing to the integration of Baobab operations, its African branch network and higher infrastructure costs.

Credit costs added another constraint. Expected credit-loss charges rose to EGP 237 million in H1 2026 from EGP 35 million a year earlier, while impairment charges increased to EGP 478 million from EGP 86 million. The figures show why revenue expansion alone has not yet translated into stronger bottom-line performance.

EGX quote stays near yearly low

BTFH was at EGP 2.69 on the EGX on September 29, 2026, up 1.13 percent from the prior close of EGP 2.66. The quote stood 26.50 percent below the 52-week high of EGP 3.66 and near the 52-week low of EGP 2.65, keeping cost control and profit recovery central to the investment case.

Beltone Asset Management, a subsidiary of Beltone Holding, was named Egypt's Best Islamic Fund Manager at the Euromoney Islamic Finance Awards 2026, as Zawya reported on September 21, 2026. That recognition supports the group's wider asset-management strategy, while the H1 figures show that operating leverage remains the more immediate test.