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.
Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, announced the winner of its 2025 Al Ansari Millionaire Promotion. Albert Rioflorido, a Filipino resident in the UAE for 12 years, won the AED 1 million grand prize during a draw at the Metropolitan Hotel in Dubai. The promotion ran from March 1 to May 29, 2025, with millions participating through transactions at Al Ansari Exchange branches and digital platforms. Two additional winners, Muhammad Rizwan Malik and Mohamad Khalil Haitham, each won a Jetour Dashing SUV, and weekly draws awarded 12 customers holiday packages worth AED 5,000 each. The campaign saw increased engagement via the Al Ansari Exchange app, offering triple entries per transaction and exclusive deals. Chief Operating Officer Ali Al Najjar highlighted the campaign's role in celebrating customer trust and rewarding loyalty, with partnerships from JS Bank, Jetour, and Travelwings. Now in its 12th year, the Al Ansari Millionaire Promotion is a key annual event for the company.
Al Ansari Financial Services PJSC, the largest non-banking financial services provider in the GCC, has opened a new business solutions center in Hyderabad, India. This center, named Al Ansari Financial Services Solutions Private Limited, is intended to enhance efficiency, productivity, and cost-effectiveness for the Group. By capitalizing on India's talent and technological expertise, the center will support the Group's digital transformation efforts. Deputy Group CEO Mohammad Bitar highlighted the Group's commitment to innovation and operational excellence, emphasizing the new office's role in streamlining operations and creating career opportunities. The India office will focus on optimizing processes and developing solutions for the financial industry, aiming to foster collaboration and innovation. Initially, an IT Excellence Centre has been set up, with plans to expand into business process outsourcing services to further optimize operations and support strategic growth.