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Al Ansari Financial Services reported strong financial performance for the first nine months of 2025, with operating income reaching AED 966 million, marking a 13.7% year-on-year growth in the third quarter. The company's EBITDA increased by 8.8% year-on-year to AED 423 million, with a margin of 43.8%. Total revenues were AED 991 million, a 12% increase year-on-year. However, net profit after tax experienced a slight decline of 1.7% year-on-year to AED 303 million, attributed to adjusted profit margins to maintain market share and higher operating costs due to regulatory requirements and expansion activities. The company expanded its branch network to 438 locations by the end of Q3 2025, adding 175 branches since Q3 2024, including the consolidation of BFC Group. The acquisition of BFC Group Holdings was completed in Q2 2025, with results fully consolidated in Q2 and Q3, and synergies expected by Q1 2026. Additionally, Al Ansari launched a digital wallet with core functionality in Q3 2025, ahead of a full-scale rollout.
Tabreed reported a revenue of AED 1.87 billion for the first nine months of 2025, with a 4.5% increase in total connected capacity year-on-year. The company achieved a record organic capacity addition of 52.9k Refrigeration Tons (RT), more than double the total in 2024, driven by new connections in the UAE and other markets. Revenue rose by 1% year-on-year, supported by fixed capacity revenue and long-term agreements, despite milder weather. EBITDA increased by 5% to AED 975 million, with a margin of 52.2%, due to cost discipline and efficiency improvements. The company finalized the acquisition of PAL Cooling and the Palm Jebel Ali concession, securing portfolio growth. Tabreed was included in the Emerging Markets Small Cap Index, reflecting its growing visibility among global investors. An interim dividend of 6.5 fils per share, totaling AED 184.9 million, was approved for the first half of 2025. Net profit was AED 420 million, slightly down from AED 425 million the previous year, mainly due to higher finance costs from a recent Green Sukuk issuance. Excluding these costs, the adjusted net profit would have increased by approximately 5% year-on-year.
On November 13, 2025, the Board of Directors of the National Central Cooling Company PJSC, also known as Tabreed, held a meeting. During this meeting, the board approved the company's unaudited interim financial statements for the period ending September 30, 2025. They also agreed to release these financial statements and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board accepted the resignation of Tabreed's CEO, Khalid Al Marzooqi, who will retire effective January 2, 2026. A successor will be announced at a later date.