Page 47 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:34 AM Al Ansari Financial Services H1 operating income up 13% to $173.7mln
The record results are attributable to the consolidation of BFC Group results from Q2 2025 and the
strong performance across the majority of business lines, the company said.

This growth, achieved despite persistent geopolitical headwinds, reinforces the group’s resilience,
market leadership and the success of its long-term strategy to drive sustainable growth by capitalising

on the UAE’s and wider GCC’s robust economic momentum, it said.

H1’25 financial and operational highlights

* 11% YoY increase in EBITDA to AED287 million with an EBITDA margin of 45% due to increase in
operating income.

* Net profit after tax increased by 3% YoY to AED212 million due to the increase in operating income

arising from the consolidation of BFC Group results, offset by the increase in finance cost as a result of
the shareholder’s loan availed for the BFC acquisition.

* Total transactions increased by 10% YoY to 28 million.

* Outward remittances value of transactions saw a 12% increase YoY.

* Bank notes value of transactions reported a 105% increase YoY.

* Wage Protection System (WPS) number of salary disbursals saw a growth of 25% YoY.

* Digital channels reported an increase of 30% YoY in the number of transactions, accounting for 23% of

the overall outward remittances.

The group’s total number of physical branches reached 439 in H1’25, with Al Ansari Exchange reaching
a total of 274 branches in UAE, as a result of 15 net new branches since H1’24 and 165 net branches
acquired as part of BFC, across Bahrain, Kuwait and India.

The company said acquisition formalities of Al Ansari Exchange in Kuwait is expected to be completed

by the end Q3’25 (subject to regulatory approvals).

It also said Al Ansari Digital Wallet is set to be launched in Q3’25.

Rashed A Al Ansari, Group CEO of Al Ansari Financial Services, said: “We continue our strong
momentum in the first half of 2025, building upon our positive first-quarter results coupled with the
consolidation of BFC results into the Group during the second quarter. Despite the ongoing geopolitical

challenges and fierce competition, we achieved solid growth across our business segments through our
focus and discipline on execution and customer experience. Our results are a testament to the strength
of our business model, the trust of our customers, and our commitment to delivering accessible,
technology-driven financial solutions.

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