Page 39 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:34 AM Al Ansari posts record income in first half of 2025 | Khaleej Times
year-on-year to Dh638 million.

The growth was driven by the consolidation of the recently acquired BFC Group results from the
second quarter and strong performance across most business lines, underscoring the group’s market
leadership and resilience despite geopolitical headwinds, the group said in a statement.

Ebitda climbed 11 per cent to Dh287 million, maintaining a 45 per cent margin. Net profit after tax
increased 3 per cent to Dh212 million, reflecting higher operating income offset by finance costs

related to the shareholder loan for the BFC acquisition. Transaction volumes rose 10 per cent to 28
million, with outward remittance values up 12 per cent and banknotes transactions surging 105 per
cent. Wage Protection System salary disbursals grew 25 per cent, while digital channels recorded a
30 per cent rise in transaction numbers, accounting for 23 per cent of total outward remittances.

The group continued its expansion strategy, increasing its physical branch network to 439, including
274 Al Ansari Exchange branches in the UAE, 15 net new openings since H1 2024, and 165
branches added through the BFC acquisition across Bahrain, Kuwait, and India. The acquisition of Al

Ansari Exchange in Kuwait is expected to be completed by the end of the third quarter, subject to
regulatory approvals, while the launch of the Al Ansari Digital Wallet is set for Q3 2025.

CEO Rashed A. Al Ansari said the strong results build on the positive momentum of the first quarter,
highlighting the integration of BFC as a milestone in the group’s growth strategy. “Despite ongoing

geopolitical challenges and fierce competition, we achieved solid growth across our business
segments through disciplined execution and a focus on customer experience.”

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