Page 82 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:40 AM Al Ansari posts record income in first half of 2025
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.

Virgin Mobile UAE

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.

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