emirates7 - Al Ansari Financial Services PJSC has reported strong performance in the first quarter of 2025, showing a 7% year-on-year (YoY) growth in operating income, which reached AED294 million.
Net profit after tax grew 10% YoY to AED109 million, compared to AED98.7 million in the same period last year. EBITDA rose by 13% YoY, amounting to AED138 million, with an EBITDA margin of 46.8%, driven by higher operating income.
The company saw a 1% YoY increase in total transactions, reaching 12.5 million. Banknote transaction value increased by 6% to AED22 billion, while salary disbursements under the Wage Protection System (WPS) surged by 27% to 2.5 million.
Digital transactions grew by 16% YoY, making up 24% of total outward remittances, highlighting the increasing importance of digital platforms in Al Ansari’s business.
Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, commented, “Despite geopolitical challenges and intense competition, we achieved strong growth across our key segments by focusing on disciplined execution and maintaining a strong commitment to customer experience.”
Mohammad Bitar, Deputy Group CEO, mentioned that a significant milestone in Q1 was the completion of the BFC acquisition, advancing Al Ansari's regional expansion strategy. He also unveiled the launch of a digital wallet, which is expected to revolutionize customer financial management and foster market innovation.
Net profit after tax grew 10% YoY to AED109 million, compared to AED98.7 million in the same period last year. EBITDA rose by 13% YoY, amounting to AED138 million, with an EBITDA margin of 46.8%, driven by higher operating income.
The company saw a 1% YoY increase in total transactions, reaching 12.5 million. Banknote transaction value increased by 6% to AED22 billion, while salary disbursements under the Wage Protection System (WPS) surged by 27% to 2.5 million.
Digital transactions grew by 16% YoY, making up 24% of total outward remittances, highlighting the increasing importance of digital platforms in Al Ansari’s business.
Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, commented, “Despite geopolitical challenges and intense competition, we achieved strong growth across our key segments by focusing on disciplined execution and maintaining a strong commitment to customer experience.”
Mohammad Bitar, Deputy Group CEO, mentioned that a significant milestone in Q1 was the completion of the BFC acquisition, advancing Al Ansari's regional expansion strategy. He also unveiled the launch of a digital wallet, which is expected to revolutionize customer financial management and foster market innovation.