Valu Starts 2026 With Strong Momentum During Its First Quarter, Gross Revenues up 40% to EGP 1.52 Billion and Net Income Surging 78% to EGP 221 Million
Valu, Egypt’s leading universal financial technology powerhouse, announced today its results for the first quarter ended March 31, 2026, reinforcing its market-leading position and the successful execution of its transition into a fully integrated lifestyle financing platform. The company reported gross revenues of EGP 1.52 billion, a 40% year-over-year (Y-o-Y) increase, while net income surged 78% Y-o-Y to reach EGP 221 million.
Gross merchandise value (GMV) rose 31% Y-o-Y to EGP 6.96 billion, supported by a rising base of 924k activated customers and a 49% increase in transaction volumes to 2.53 million. Valu maintained a dominant 26.5% market share as of January 2026 and a disciplined Non-Performing Loan (NPL) ratio of 1.24%, underscoring its ability to drive profitable growth in a dynamic macroeconomic environment.
Operationally, Valu sustained robust momentum across all key indicators. Average daily GMV rose to EGP 77.4 million, while average daily transactions reached 28k. Customer engagement continued to deepen, with transaction frequency per customer increasing to 8.1x in 1Q26, up from 6.5x in the same period last year. This growth is anchored by Valu’s established market leadership and a network of over 9,500 merchant partners, which provides a significant barrier to entry and a unique data edge. The company also continues to prioritize financial inclusion, with the unbanked segment reaching 366k customers and contributing EGP 1.04 billion in GMV during the quarter and performing over 432k transactions during the quarter alone.
The product ecosystem showed significant scalability and diversification across various high-velocity segments. The core “U” Buy-Now, Pay-Later (BNPL) product remains the backbone of the platform, with GMV increasing 25% Y-o-Y to EGP 3.90 billion. Simultaneously, the Prepaid Card has emerged as a vital driver of daily engagement, with spend surging 77% to EGP 1.66 billion and reaching 285,000 activated users. The Shift auto financing product demonstrated resilience with a 31% GMV increase to EGP 1.2 billion, while Ulter & Loans for premium financing rose 23% to EGP 365 million. Additionally, the end-to-end marketplace, Shop’IT, reached a milestone with a total GMV since inception of EGP 226 million.
Walid Hassouna, CEO of Valu, commented: “Our performance in 1Q26 reinforces the scalability of our model and our successful transition into a comprehensive lifestyle-enabling companion for our users. This quarter was marked by exceptional profitability, with our net profit margin expanding to 14.7% and net interest margin reaching 18.9%. We are not just growing; we are growing intelligently by leveraging our proprietary credit engine to maintain asset quality while expanding into high-velocity segments. With the soft opening of our operations in Jordan and the formal approval to establish our SME financing subsidiary, we are perfectly positioned to unlock new regional and B2B growth opportunities throughout the remainder of 2026”.
To support these expansionary goals, Valu fortified its capital structure by securing authorized limits from 28 financial institutions and NBFIs totaling EGP 21.2 billion. The quarter was characterized by high-velocity capital recycling, as the company finalized its 21st securitization wave of EGP 443 million and generated EGP 1.7 billion through multiple discounting and offloading batches. Collectively, these strategic transactions injected EGP 2.1 billion in liquidity into the business, signaling profound market confidence in the high quality of Valu’s underlying assets.
Throughout 1Q2026, Valu achieved several critical strategic milestones, with the company most recently reinforcing its fully digitized experience by unlocking instant large-ticket financing through its app, starting from EGP 1 million using a national ID only.
