GB Corp delivered a solid start to 2026, with consolidated revenues reaching EGP 21,570.8 million in 1Q26, up 28.7% y-o-y. Performance was driven by continued strength in Egypt's automotive market, broad-based growth across GB Auto's lines of business, robust expansion across GB Capital's financing platforms, and sustained execution of the Group's strategic priorities.
Consolidated revenues rose 28.7% year-on-year to EGP 21,570.8 million in 1Q26, supported by broad-based growth across both the Auto and Capital segments. Performance was driven by continued strength in Egypt's automotive market, improving consumer demand, and sustained momentum across GB Capital's financing platforms.
Gross profit increased 4.8% year-on-year to EGP 2,883.5 million in 1Q26, while gross profit margin stood at 13.4%, reflecting the impact of the challenging regional market conditions and the ongoing conflict on the Auto segment, despite healthy demand and solid profitability in Egypt.
Net profit reached EGP 435.8 million in 1Q26, down 30.4% year-on-year with a net profit margin of 2.0%, reflecting higher finance costs and provisions, alongside the effect of regional challenges on group profitability. This was partially offset by stronger investment gains from associates and foreign exchange gains during the quarter
GB Auto delivered solid growth across all lines of business, with Egypt remaining the key growth driver, supported by lower interest rates, recovering demand, and continued product mix optimization.
In Passenger Cars, GB Auto maintained its strong performance in Egypt driven by the diversified product offerings across CKD and New Energy Vehicles, where the group holds an 18.2% share across its different brands and a 44.7% share in the Range Extended EV (REEV) segment, with Deepal leading the segment and Li Auto in the top four positions. Meanwhile, Changan's first CKD SUV is among the top five players in its segment
GB Capital continued to deliver strong growth, with revenues rising 66.8% year-on-year to EGP 4,178.1 million and net profit after tax and minority interest increasing 166.6% year-on-year to EGP 332.4 million in 1Q26. GB Capital's on-book loan portfolio reached EGP 21.6 billion as of 1Q26, up 44.4% year-on-year, while the NPL ratio stood at 2.5%.
GB Lease & Factoring continued to scale, with its aggregate portfolio reaching a record EGP 14.9 billion, supported by continued growth in both leasing and factoring, new financing facilities, and exceptionally low NPLs of below 0.03%.
Drive Finance maintained strong growth across both auto loans and BNPL, with its aggregate portfolio reaching EGP 14.9 billion, supported by deeper market penetration, improved execution, and continued funding diversification
MNT-Halan delivered solid year-on-year growth in 1Q26, with revenues up 50% supported by strong momentum in Turkey and Pakistan, alongside continued execution of its regional expansion strategy