Al Ansari Financial Services reported a 13% year-on-year increase in operating income for the first half of 2025, reaching Dh638 million. The gain reflects the consolidation of BFC Group results from the second quarter and sustained performance across key business lines.
EBITDA rose 11% to Dh287 million, while the margin held at 45%. Net profit after tax climbed 3% to Dh212 million, with higher operating income offset by increased finance costs tied to the acquisition loan.
Operational activity saw a 10% rise in total transactions to 28 million. Outward remittance values grew by 12% and banknotes transactions jumped 105%. Wage Protection System disbursals rose 25%. Digital channels accounted for 23% of outward remittances, with transaction volumes up 30%.
Branch network expanded to 439, including 274 in the UAE, 15 net new since H1 2024 and 165 from the BFC acquisition across Bahrain, Kuwait and India. Formalities for acquiring Al Ansari Exchange in Kuwait are expected to conclude by the end of Q3, pending regulatory approval.
