Beltone Holding (BTFH.CA) has announced its financial results for FY2024, achieving record-breaking growth across its business segments. The company reported consolidated revenues of EGP 7.2 billion, marking a fourfold increase year-on-year, while net profits surged 4.6x to reach EGP 1.7 billion.
This exceptional performance was fueled by strong contributions from Beltone’s NBFI subsidiaries and the robust expansion of its Investment Bank platform. Additionally, the group’s gross outstanding lending portfolio doubled year-on-year, reaching EGP 26.1 billion by the end of 2024.
Strategic Growth and Digital Expansion
Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, commented:
“Beltone’s record-breaking results in 2024 reflect our strategic vision, data-driven approach, and operational efficiency. By capitalizing on scalable digital opportunities with strong growth potential, we have strengthened our leadership position. With a clear focus on innovation and digital transformation, we are committed to expanding regionally and ensuring long-term value creation.”
Outstanding Performance of the NBFI Platform
Beltone’s Non-Banking Financial Institutions (NBFI) Platform delivered exceptional results, achieving operating revenues of EGP 5.8 billion, reflecting a 6x growth year-on-year.
This remarkable expansion was driven by:
- Leasing and factoring services.
- Consumer finance and microfinance solutions.
- Mortgage finance and direct investments.
- Venture capital expansion.
- Launch of innovative SME financing solutions.
The company’s NBFI subsidiaries continued to expand their market presence, introducing cutting-edge financial solutions tailored to the evolving needs of customers.
Investment Bank Platform Achieves 2.4x Revenue Growth
The Investment Bank Platform also reported significant growth, with revenues soaring to EGP 1.3 billion in 2024, a 2.4x increase compared to the previous year.
Key factors driving this growth include:
- Expansion of brokerage operations, supported by a 1.3x growth in margin lending portfolio.
- Diversification of investment banking services, offering:
- Equity and debt capital markets solutions.
- Greenfield financial advisory services.
- Innovative structured finance offerings.
A Vision for Innovation and Market Expansion
Beltone Holding remains focused on accelerating digital transformation and expanding into high-growth regional markets. The company’s forward-looking strategy aims to:
- Enhance technological innovation in financial services.
- Expand geographically to capture new market opportunities.
- Strengthen its position as a leading financial powerhouse in the region.
About Beltone Holding
Beltone Holding (EGX: BTFH.CA) is a leading financial services provider with a multi-decade track record in the MENA region. The company offers a diverse range of financial solutions, including:
- Brokerage and investment banking.
- Asset management and equity research.
- Private equity and direct investments.
- End-to-end non-banking financial services, covering:
- Leasing and factoring.
- Consumer finance and microfinance.
- Venture capital and mortgage finance.
With a commitment to redefining the financial landscape, Beltone Holding continues to leverage global expertise, data-driven strategies, and innovative solutions to create value for clients, drive market growth, and achieve sustainable financial success.
Future Outlook for 2025
Building on its strong 2024 performance, Beltone Holding is expected to continue its high-growth trajectory in 2025, driven by:
- Further digitalization of financial services.
- Expansion of its NBFI portfolio.
- Introduction of new investment banking solutions.
- Geographic expansion into emerging markets.
For more real-time economic news, follow us on our Facebook page here:
The Economic Digest website is an online platform specifically designed to provide users with comprehensive summaries of the most important economic events occurring in global and regional markets.
