Page 72 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:38 AM Al Ansari posts record income in first half of 2025 | GulfBase.com

Al Ansari posts record income in first half of 2025

14/08/2025 04:25 AST
Al Ansari Financial Services, the largest non-banking financial institution and services provider in the GCC, has
reported record results for the first half of 2025, with operating income rising 13 per cent 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."
Al Ansari said the results reflect the strength of our business model, the trust of our customers, and our commitment
to delivering accessible, technology-driven financial solutions. He added that the rise in digital transactions
underscores the group's innovation drive, while early adoption of AI in its systems has delivered results beyond
expectations.
Deputy CEO Mohammad Bitar said the period was defined by robust operational execution and preparation for future
growth. "The consolidation of BFC marks a crucial step forward, expanding our geographic reach and enhancing our
ability to serve a larger customer base with greater scale. We are also on the verge of launching our much-anticipated
digital wallet, designed to make managing money more convenient and secure than ever before," he said.
Al Ansari stressed that the group remains aligned with the UAE's and GCC's vision for a digitally empowered and
inclusive economy, with ongoing investments in technology and a focus on sustainable growth that delivers long-term
value to shareholders, customers, and the communities it serves.

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