Press releases, Reports & Disclosures for Al Ansari Financial Services PJSC

Al Ansari Financial Services PJSC has approved an interim cash dividend of AED 148.5 million for the first half of 2025, equivalent to 1.98 Fils per share and about 70% of the company's net profit after tax. The dividend entitlement date is September 25, 2025, with the ex-dividend date on September 26, 2025. The shareholder registry will close on September 29, 2025, and the dividend will be distributed on October 15, 2025. This decision aligns with the company's dividend policy and aims to return value to shareholders while maintaining a strong financial position and pursuing growth strategies. The company's chairman, Mohammad A. Al Ansari, stated that the dividend approval reflects the company's business strength and commitment to sustainable growth and operational excellence.

Al Ansari Financial Services reported a 13% year-on-year increase in operating income, reaching AED 638 million for the first half of 2025. This growth is attributed to the consolidation of BFC Group's results from the second quarter and strong performance across most business lines. EBITDA rose by 11% to AED 287 million, with a margin of 45%, due to higher operating income. Net profit after tax increased by 3% to AED 212 million, despite higher finance costs from a shareholder loan for the BFC acquisition. Total transactions grew by 10% to 28 million, with outward remittances and bank notes transactions increasing by 12% and 105% respectively. The Wage Protection System saw a 25% rise in salary disbursals, while digital channels experienced a 30% increase in transactions, making up 23% of outward remittances. The company expanded its physical presence to 439 branches, including 274 in the UAE, and plans to complete the acquisition of Al Ansari Exchange in Kuwait by the end of Q3 2025. Additionally, Al Ansari plans to launch a digital wallet in Q3 2025.

Al Ansari Financial Services PJSC and its subsidiaries have released a review report and condensed interim consolidated financial statements for the six-month period ending on June 30, 2025. This report covers the financial performance and activities of the company during the second quarter of 2025.