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Thu, Nov 13, 2025 | Jumada al-Awwal 22, 1447 | Fajr 05:14 | DXB 
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Al Ansari posts 10% net profit surge in first quarter
Results were driven by a 7% year-on-year rise in operating income
Al Ansari Financial Services, the GCC’s largest non-banking financial services provider and parent of Al Ansari Exchange, delivered a strong performance in Q1 2025, reporting a 10 per cent year on year increase in net profit after tax to Dh109 million.
The results, announced on Wednesday, were driven by a 7.0 per cent year on year rise in operating income to Dh294 million, reflecting strong contributions from remittances, banknotes, and wage protection system (WPS) services, despite geopolitical challenges.
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The company’s financial metrics underscored its resilience. Ebitda grew 13 per cent year on year to Dh138 million, with an Ebitda margin of 46.8 per cent, supported by higher operating income and efficient cost management. Capital expenditure dropped 33 per cent, yielding a free cash flow of Dh133 million and a 96 per cent Ebitda -to-cash conversion rate.
Total transactions edged up 1 per cent to 12.5 million, while banknote transaction values rose six per cent to Dh22 billion. WPS salary disbursals surged 27 per cent to 2.5 million, fuelled by the UAE’s expanding labour market and demand for secure payroll solutions.
Digital transformation remained a cornerstone of Al Ansari’s strategy, with digital channel transactions increasing 16 per cent YoY, accounting for 24 per cent of outward remittances. “Our digital platforms’ growth reflects customers’ trust in our convenient, reliable services,” said Rashed A. Al Ansari, group CEO. “We’re aligning with the UAE’s vision for a digitally empowered economy, driving financial inclusion through innovation.”
Operationally, Al Ansari expanded its footprint, reaching 270 physical branches by Q1 2025. The company completed the acquisition of BFC Group Holdings WLL, with financial consolidation set for Q2 2025, and plans to acquire Al Ansari Exchange in Kuwait by Q2, expecting synergies by Q3. The upcoming launch of the Al Ansari Digital Wallet in Q2 2025 aims to revolutionise customer financial management with secure, user-friendly features.
“The BFC acquisition and digital wallet launch are pivotal for our regional growth,” noted Mohammad Bitar, Deputy Group CEO. “These initiatives enhance our scale and customer reach.” Segment performance was strong across the board.
Remittance operating income grew 4.0 per cent to Dh171 million, navigating fintech competition and geopolitical pressures. Banknote operating income rose 7.0 per cent to Dh93 million, bolstered by strategic partnerships, prepaid card demand, and UAE tourism growth. WPS and other services saw a 26 per cent increase to Dh30 million, driven by infrastructure projects and employer compliance needs.
Rashed A. Al Ansari highlighted the company’s resilience: “Despite geopolitical tensions, our disciplined execution and customer focus delivered solid growth. Our recent acquisition and AI integration efforts position us for sustained success.” The company’s strategic expansion doubled its operational countries, reinforcing its market leadership.
Al Ansari is poised to capitalise on the GCC’s economic momentum, investing in technology and customer engagement to drive sustainable growth. “Our focus on operational excellence and innovation will unlock synergies and reinforce our leadership,” Bitar said.
Issac John
Issac John is Managing Editor at Khaleej Times and has over 45 years of experience in top-tier newspapers across UAE. A seasoned business writer and economic analyst, he brings unmatched insight into the geopolitics and geoeconomics shaping the Gulf and India.
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