Beltone Holding Shatters Records with 405% Income Growth and 1218% Revenue Surge in 2024

Beltone Holding, one of many quickest rising monetary establishments, has reported a groundbreaking monetary efficiency for the primary 9 months of 2024, with consolidated working revenues hovering by 405 p.c year-on-year to EGP 4.8 billion and internet earnings skyrocketing 1,218 p.c to surpass EGP 1.13 billion. The firm’s internet revenue margin reached a powerful 23.4 p.c, signaling the success of its transformation technique.

The outcomes, introduced on Monday 18 November, underscore Beltone’s distinctive monetary and operational achievements, marking a big milestone because the group crossed the EGP 1 billion revenue threshold for the primary time.

“Achieving record net profit and crossing the EGP1 billion for the first time, is a testament to the group’s ability in delivering on its transformation strategy and to generate growth while delivering sustainable profitability,” mentioned Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, in an announcement. 

“This solid financial and operational performance across all business lines is a direct result of the group’s swift and adaptable data-driven business model, its fully-fledged product offering, and its extraordinary talent.”

Record Growth Across All Platforms

Beltone’s Non-Banking Financial Institutions (NBFIs) platform was a standout performer, with working income surging 757 p.c year-on-year to EGP 3.9 billion. The platform’s portfolio expanded to exceed EGP 18.7 billion, fueled by the group’s strategic concentrate on product diversification, together with leasing, factoring, shopper finance, microfinance, mortgage options, and the newly launched SME financing companies.

Meanwhile, Beltone Venture Capital demonstrated important progress, executing six fairness and follow-up investments in the course of the nine-month interval and rising its managed portfolio to greater than EGP 1.5 billion. On the direct funding entrance, Beltone Capital contributed EGP 213.4 million in working revenues.

Beltone’s funding banking arm additionally reported sturdy progress, with working income climbing 282 p.c year-on-year to EGP 852 million within the first ninth months of 2024. This success was pushed by an growth in brokerage operations, elevated demand for different advisory options, and better asset administration efficiency charges. The funding financial institution’s portfolio reached EGP 3.5 billion, representing a 465 p.c improve in comparison with the identical interval final yr.

What is Beltone Holding

Khorshid’s management since becoming a member of Beltone Holding in 2022 has pushed spectacular progress for Beltone Holding. Khorshid was recognized by Forbes Middle East in August 2024 as one of many area’s prime 100 CEOs.

Beltone Holding is a number one monetary companies supplier with a multi-decade observe file of success within the Middle East and North Africa area. Beltone Holding presents a complete and rising set of monetary options comparable to brokerage, funding banking, asset administration, fairness analysis, and personal fairness, along with end-to-end NBFIs together with leasing, factoring, shopper finance, enterprise capital, mortgage finance, microfinance and small to medium enterprises. 

Beltone Holding is pushed by a imaginative and prescient to redefine the monetary ecosystem within the area by capitalizing on world experience, data, and disruptive, value-accretive options that unlock limitless alternatives for purchasers, to drive market worth and impactful outcomes.