Valu, Egypt’s leading universal financial technology platform, announced its financial results for the first quarter ended March 31, 2026, reporting strong growth across profitability, transaction volumes, and customer engagement.
The company recorded gross revenues of EGP 1.52 billion during the quarter, marking a 40% year-over-year increase, while net income surged 78% to reach EGP 221 million. Gross merchandise value (GMV) also grew by 31% year-over-year to EGP 6.96 billion.
Valu maintained its leading market position with a 26.5% market share as of January 2026, alongside a disciplined Non-Performing Loan (NPL) ratio of 1.24%, reflecting the company’s focus on sustainable and profitable growth despite ongoing macroeconomic challenges.
Rising Customer Engagement and Transaction Growth
Operationally, Valu continued to demonstrate strong momentum across key performance indicators during the quarter.
Average daily GMV increased to EGP 77.4 million, while average daily transaction volumes reached approximately 28,000 transactions. The company also reported deeper customer engagement, with transaction frequency per customer rising to 8.1 times during 1Q26, compared to 6.5 times in the same period last year.
Valu’s activated customer base reached 924,000 users, while total transaction volumes increased 49% year-over-year to 2.53 million transactions.
The company’s extensive merchant network, which now exceeds 9,500 merchant partners, continues to provide a strong competitive advantage and supports its data-driven financing ecosystem.
Financial Inclusion Remains a Key Growth Driver
Valu also continued to prioritize financial inclusion through expanding access to financing solutions for underserved segments.
During the quarter, the unbanked customer segment reached 366,000 users, contributing EGP 1.04 billion in GMV and completing more than 432,000 transactions.
This reflects the growing adoption of alternative financing solutions among consumers seeking flexible payment options outside the traditional banking system.
Product Ecosystem Shows Strong Diversification
Valu’s diversified product ecosystem continued to scale across multiple high-growth segments during the quarter.
The company’s flagship “U” Buy-Now, Pay-Later (BNPL) product remained the core driver of the platform, with GMV rising 25% year-over-year to EGP 3.90 billion.
Meanwhile, spending through the prepaid card product surged 77% to EGP 1.66 billion, supported by 285,000 activated users, highlighting the increasing role of the product in driving daily customer engagement.
The company’s automotive financing solution, Shift, recorded a 31% increase in GMV to EGP 1.2 billion, while Ulter & Loans, focused on premium financing solutions, grew 23% year-over-year to EGP 365 million.
Additionally, Valu’s end-to-end marketplace platform, Shop’IT, achieved cumulative GMV of EGP 226 million since launch.
Focus on Profitability and Expansion
Walid Hassouna, CEO of Valu, stated that the company’s 1Q26 performance reflects the scalability of its operating model and its successful transition into a comprehensive lifestyle financing platform.
He highlighted that Valu achieved strong profitability during the quarter, with net profit margin reaching 14.7% and net interest margin climbing to 18.9%.
Hassouna added that the company continues to expand intelligently by leveraging its proprietary credit assessment engine to preserve asset quality while scaling into high-velocity financing segments.
Regional Expansion and SME Financing Plans
During the quarter, Valu also advanced its regional expansion strategy with the soft launch of operations in Jordan.
At the same time, the company received formal approval to establish a dedicated SME financing subsidiary, positioning it to unlock new business-to-business growth opportunities during the remainder of 2026.
Strengthening Liquidity and Capital Structure
To support its expansion plans, Valu strengthened its capital structure by securing authorized financing limits totaling EGP 21.2 billion from 28 financial institutions and non-banking financial institutions.
The company also finalized its 21st securitization issuance valued at EGP 443 million and generated an additional EGP 1.7 billion through multiple discounting and offloading transactions.
Collectively, these transactions injected EGP 2.1 billion in liquidity into the business, reflecting strong market confidence in the quality of Valu’s asset portfolio.
Expanding Digital Financing Capabilities
During 1Q2026, Valu continued to enhance its fully digital customer experience by introducing instant large-ticket financing directly through its mobile application.
The new feature allows customers to access financing starting from EGP 1 million using only a national ID, reinforcing the company’s broader strategy to simplify access to financial services through digital channels.
Valu Continues to Scale Its Digital Ecosystem
The company’s latest results underline its continued transformation from a traditional financing provider into a fully integrated lifestyle-focused fintech ecosystem.
By combining consumer financing, digital payments, marketplace services, and financial inclusion initiatives, Valu continues to strengthen its position as one of the fastest-growing fintech platforms in Egypt and the wider region.
