Page 47 - AAE PR REPORT - MAY 2025

5/15/25, 9:35 AM Al Ansari posts 10% net profit surge in first quarter | Khaleej Times
The company’s financial metrics underscored its resilience. Ebitda grew 13 per
cent year on year to Dh138 million, with an Ebitda margin of 46.8 per cent,
supported by higher operating income and efficient cost management. Capital
expenditure dropped 33 per cent, yielding a free cash flow of Dh133 million and a
96 per cent Ebitda -to-cash conversion rate.

Total transactions edged up 1 per cent to 12.5 million, while banknote transaction
values rose six per cent to Dh22 billion. WPS salary disbursals surged 27 per
cent to 2.5 million, fuelled by the UAE’s expanding labour market and demand for
secure payroll solutions.

Digital transformation remained a cornerstone of Al Ansari’s strategy, with digital
channel transactions increasing 16 per cent YoY, accounting for 24 per cent of
outward remittances. “Our digital platforms’ growth reflects customers’ trust in our
convenient, reliable services,” said Rashed A. Al Ansari, group CEO. “We’re
aligning with the UAE’s vision for a digitally empowered economy, driving
financial inclusion through innovation.”

Operationally, Al Ansari expanded its footprint, reaching 270 physical branches by
Q1 2025. The company completed the acquisition of BFC Group Holdings WLL,
with financial consolidation set for Q2 2025, and plans to acquire Al Ansari
Exchange in Kuwait by Q2, expecting synergies by Q3. The upcoming launch of
the Al Ansari Digital Wallet in Q2 2025 aims to revolutionise customer financial
management with secure, user-friendly features.

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