Egyptian fintech company MNT-Halan has reported a significant increase in profitability for the third quarter of 2026, with net profit more than doubling to EGP 836 million, driven by stronger revenue performance and expansion across its financial services operations.
According to the company’s latest earnings report, net profit rose from EGP 399 million in the second quarter to EGP 836 million in the third quarter, representing a 2.1-fold increase. Revenue climbed 15% quarter-on-quarter to EGP 5.43 billion, while net profit margin improved from 8% to 15%.
However, quarterly net profit declined 31% compared with the same period in 2025. For the first nine months of 2026, MNT-Halan recorded EGP 15.42 billion in revenue, up 11% year-on-year, while net profit fell 11% to EGP 1.75 billion.
The financial results follow the company’s listing on the Egyptian Exchange on October 20, 2026, through which it raised EGP 4 billion in fresh capital. The fundraising increased its equity base by approximately 45% to nearly EGP 13 billion, providing additional resources to support expansion.
MNT-Halan’s gross loan portfolio grew 14% year-on-year to EGP 48.1 billion, while total loan disbursements reached EGP 34.5 billion during the first nine months of 2026.
Consumer finance remained a major growth driver, with disbursements rising 42% year-on-year to EGP 13 billion. The segment accounted for 29% of the company’s loan portfolio, compared with 23% a year earlier.
The company’s digital payments business also expanded, with payment transactions increasing 2.6 times to 3.6 million during the nine-month period. Active Halan cards surpassed 700,000, while transaction value reached EGP 36.8 billion.
Meanwhile, customer investments increased nearly fivefold to EGP 4.6 billion, with active investors rising to approximately 136,000.
MNT-Halan also launched digital brokerage and factoring services during the quarter, expanding its offerings beyond traditional lending.
Looking ahead, the company plans to strengthen its financial technology infrastructure and deploy artificial intelligence to improve credit assessments, customer engagement and operational efficiency.
With more than 1.9 million active customers, MNT-Halan aims to accelerate its growth and strengthen its position in Egypt’s digital financial services market.
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