Amlak Finance P.J.S.C. Reports Robust Growth in H1 2025: Net Profit Surges by 165%
Amlak Finance P.J.S.C. has released its financial results for the first half of 2025, showcasing a significant rise in net profit and a strategic focus on asset management.
Summary
Amlak Finance P.J.S.C. reported a net profit of AED 18.53 million for H1 2025, marking a 165% increase compared to H1 2024. The company's total revenue increased by 61% to AED 200 million, with a notable decrease in operating costs. Amlak also completed significant asset sales, including the Ras Al Khor land plots, and settled a substantial portion of its financial obligations.
Amlak Finance P.J.S.C. has announced its financial results for the first half of 2025, highlighting a strong performance with a net profit after income tax of AED 18.53 million, a 165% increase from AED 7 million in H1 2024. The company's total revenue surged by 61% year-on-year to AED 200 million, driven by increased income from joint ventures and development properties.
The operating costs decreased by 3% to AED 40 million, reflecting Amlak's focus on operational efficiency. Additionally, the company completed the sale of Ras Al Khor land plots for AED 2.9 billion and fully divested its investment in an associate in KSA, which contributed to the financial results.
| KPI | H1 2025 | H1 2024 |
|---|---|---|
| Revenue | AED 200 million | AED 124 million |
| Operating Income | AED 160 million | AED 83 million |
| Net Income | AED 18.53 million | AED 7 million |
| Earnings per Share | Not disclosed | Not disclosed |
| Debt Ratio | Not disclosed | Not disclosed |
| Interest Coverage Ratio | Not disclosed | Not disclosed |
The company has successfully settled AED 906 million in financial obligations, including full settlement with financiers, demonstrating its commitment to financial discipline and strategic foresight. These actions are aligned with Amlak's strategy to optimize its balance sheet and focus on high-growth opportunities.
In conclusion, Amlak Finance P.J.S.C.'s H1 2025 performance reflects a strong financial position with increased profitability and revenue growth. The strategic sale of assets and reduction of financial obligations position the company well for future growth and stability, making it an attractive prospect for investors seeking long-term value.
Source
Summary
Amlak Finance PJSC and its subsidiaries have released an unaudited review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.
