Page 64 - AAE PR REPORT - MAY 2025

5/15/25, 9:38 AM Al Ansari Financial Services Reports AED 109 Million Net Profit in Q1 2025, Up 10% Year-on-Year
The banknotes segment posted a 6% increase in transaction value to AED 22 billion and 7% growth in operating income,
while remittance income climbed 4% YoY to AED 171 million. The WPS and other services category saw operating income
rise 26% YoY to AED 30 million, driven by a strong UAE labour market and infrastructure projects.

Operational Expansion and Strategic Moves

The Group expanded to 270 physical branches, adding 11 since Q1 2024.

Completed the acquisition of BFC Group Holdings W.L.L., with figures to be consolidated in Q2 2025.

Set to acquire Al Ansari Exchange in Kuwait by Q2 2025, with synergies expected by Q3.

Preparing to launch its Al Ansari Digital Wallet in Q2 2025.

Despite global geopolitical headwinds and cost pressures, the company reported a 33% reduction in capital expenditure
(CAPEX) and a 96% EBITDA-to-cash conversion rate, underscoring its operational efficiency and financial discipline.

Looking ahead, Al Ansari remains committed to its digital-first strategy and regional expansion, reinforcing its market
leadership in financial services across the UAE and the wider GCC.

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