Al Ansari Financial Services Reports AED 109 Million Net Profit in Q1 2025, Up 10% Year-on-Year
Al Ansari Financial Services PJSC (DFM: ALANSARI), the largest non-banking financial services provider in the GCC, has announced a 10% year-on-year (YoY) increase in net profit after tax, reaching AED 109 million in Q1 2025. This growth was driven by a solid performance across all business lines, supported by robust operating income and continued investment in digital transformation.
The Group’s operating income grew by 7% YoY to AED 294 million, while EBITDA increased by 13% to AED 138 million, with a healthy EBITDA margin of 46.8%, up from 44.6% in Q1 2024. Free cash flow rose 15% YoY to AED 132.6 million.
Al Ansari also recorded a 16% increase in digital transactions, which now account for 24% of all outward remittances, reflecting rising adoption of the Group’s online and mobile platforms. The number of total transactions reached 12.5 million, up by 1% YoY, while Wage Protection System (WPS) salary disbursals surged 27% YoY, reaching 2.5 million.
The banknotes segment posted a 6% increase in transaction value to AED 22 billion and 7% growth in operating income, while remittance income climbed 4% YoY to AED 171 million. The WPS and other services category saw operating income rise 26% YoY to AED 30 million, driven by a strong UAE labour market and infrastructure projects.
Operational Expansion and Strategic Moves
-
The Group expanded to 270 physical branches, adding 11 since Q1 2024.
-
Completed the acquisition of BFC Group Holdings W.L.L., with figures to be consolidated in Q2 2025.
-
Set to acquire Al Ansari Exchange in Kuwait by Q2 2025, with synergies expected by Q3.
-
Preparing to launch its Al Ansari Digital Wallet in Q2 2025.
Despite global geopolitical headwinds and cost pressures, the company reported a 33% reduction in capital expenditure (CAPEX) and a 96% EBITDA-to-cash conversion rate, underscoring its operational efficiency and financial discipline.
Looking ahead, Al Ansari remains committed to its digital-first strategy and regional expansion, reinforcing its market leadership in financial services across the UAE and the wider GCC.
