Beltone Holding has announced a significant financial milestone, reporting a net profit of EGP 1.7 bn for FY2024—an impressive 4.6x increase year-on-year, Invest-Gate reports. Consolidated revenues reached EGP 7.2 bn, nearly quadrupling compared to the previous year, driven by the strong performance of its non-banking financial institutions (NBFIs) and investment banking platform. The company’s gross outstanding lending portfolio expanded to EGP 26.1 bn, doubling its size within a year.

Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, attributed the growth to the company’s strategic vision and data-driven approach. “Beltone’s record-breaking performance in 2024 reflects our operational efficiency and ability to capitalize on scalable, high-growth opportunities. By focusing on innovation, digitalization, and client-centric solutions, we continue to strengthen our market leadership and create long-term value,” she said. She emphasized Beltone’s commitment to accelerating digital transformation and expanding into high-growth regional markets.

Beltone’s NBFI platform delivered exceptional results, with revenues soaring nearly 6x year-on-year to EGP 5.8 bn. This growth was fueled by the expansion of leasing, factoring, consumer finance, microfinance, mortgage finance, direct investments, venture capital, and SME financing. The platform’s strategic diversification enabled it to expand its market share while meeting evolving client needs.

Meanwhile, the investment Bank Platform recorded a 2.4x increase in revenue, reaching EGP 1.3 bn. The brokerage arm saw substantial growth, with a 1.3x rise in the margin lending portfolio. Expansion in advisory services, covering equity, debt, and greenfield financial consulting, further solidified Beltone’s standing as a financial powerhouse.