Page 74 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:38 AM Al Ansari Financial Services Hits Record AED 638M Income - 2025-08-13

Summary
Al Ansari Financial Services PJSC has reported a record AED 638 million in operating
income for H1 2025, marking a 13% year-on-year increase. This growth is attributed to the
consolidation of BFC Group results and strong performance across various business lines.
The company is expanding its physical branches and digital offerings, including the upcoming
launch of Al Ansari Digital Wallet.

Al Ansari Financial Services PJSC, a prominent name in the UAE's financial sector, has
announced a stellar performance for the first half of 2025, with operating income soaring by 13%

year-on-year to reach a record AED 638 million. This impressive growth is largely attributed to the

strategic consolidation of BFC Group results starting from Q2 2025, coupled with strong
performance across most of its business lines.

The company's EBITDA also saw an 11% increase, reaching AED 287 million, with an EBITDA

margin of 45%. This boost in profitability is primarily due to the rise in operating income. However,
net profit after tax experienced a modest 3% increase to AED 212 million, as higher finance costs

from a shareholder loan for the BFC acquisition partially offset the gains from increased operating
income.

Transaction volumes have been robust, with a 10% year-on-year increase to 28 million
transactions. Notably, outward remittances experienced a 12% increase, and the value of

banknotes transactions skyrocketed by 105%. The Wage Protection System (WPS) also saw a

25% growth in salary disbursals, reflecting the company's expanding influence in the market.

Al Ansari's digital channels have reported a 30% increase in transaction numbers, now

accounting for 23% of the overall outward remittances. This highlights the company's successful

pivot towards digital transformation, a critical move in today's tech-driven financial landscape.

In alignment with its strategic expansion goals, Al Ansari has increased its total number of

physical branches to 439 by H1 2025. This includes a net addition of 15 branches since H1 2024
and 165 branches acquired through BFC across Bahrain, Kuwait, and India. The acquisition

formalities of Al Ansari Exchange in Kuwait are expected to conclude by Q3 2025, pending
regulatory approvals.

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