Al Ansari Financial Services Reports Record H1 2025 Operating Income of AED 638 Million, Up 13% Year-on-Year

Business

Al Ansari Financial Services Reports Record H1 2025 Operating Income of AED 638 Million, Up 13% Year-on-Year

Al Ansari Financial Services PJSC (DFM: ALANSARI), the GCC’s largest non-banking financial institution, has reported a record-breaking 13% year-on-year (YoY) increase in operating income for the first half of 2025 (H1’25), reaching AED 638 million. The growth was driven by the consolidation of BFC Group’s results from Q2 2025 and strong performance across most business lines.

The Group’s EBITDA rose 11% YoY to AED 287 million, maintaining a margin of 45%, while net profit after tax increased by 3% YoY to AED 212 million. This profit growth came despite higher finance costs associated with the shareholder loan for the BFC acquisition.

Operational Growth Across Segments

H1’25 saw 28 million total transactions, up 10% YoY, supported by double-digit gains in several key areas:

Outward remittances increased 12% in transaction value.
Banknotes transactions surged 105% in value, with operating income up 26% YoY, supported by tourism growth and strategic partnerships.
Wage Protection System (WPS) transactions grew 25% YoY, reflecting demand for secure payroll solutions amid GCC labour market expansion.
Digital channels posted a 30% YoY increase in transaction volume, accounting for 23% of outward remittances, as adoption of online and mobile services accelerated.

Network Expansion and Digital Innovation

The Group expanded its physical presence to 439 branches, including 274 Al Ansari Exchange branches in the UAE and 165 new locations acquired through BFC across Bahrain, Kuwait, and India. The acquisition of Al Ansari Exchange in Kuwait is expected to be finalised by Q3 2025, pending regulatory approvals. The Al Ansari Digital Wallet is also scheduled for launch in Q3 2025.

CEO Statement

Rashed A. Al Ansari, Group CEO, said the results underscore the company’s resilience and execution focus:

“Despite geopolitical challenges and strong competition, we achieved solid growth across our business segments. Our performance reflects the trust of our customers, the strength of our business model, and our commitment to delivering accessible, technology-driven financial solutions.”

He added that the BFC acquisition expands the Group’s regional footprint beyond the UAE, while AI integration into operations has already delivered results exceeding expectations. The company remains aligned with the UAE and GCC’s vision for a digitally empowered, inclusive economy, with continued investments planned in technology, customer experience, and sustainable growth.