Al Ansari Financial Services PJSC (DFM: ALANSARI), the largest non-banking financial services provider in the GCC, has announced a 10% year-on-year (YoY) increase in net profit after tax, reaching AED 109 million in Q1 2025. This growth was driven by a solid performance across all business lines, supported by robust operating income and continued investment in digital transformation.

The Group’s operating income grew by 7% YoY to AED 294 million, while EBITDA increased by 13% to AED 138 million, with a healthy EBITDA margin of 46.8%, up from 44.6% in Q1 2024. Free cash flow rose 15% YoY to AED 132.6 million.

Al Ansari also recorded a 16% increase in digital transactions, which now account for 24% of all outward remittances, reflecting rising adoption of the Group’s online and mobile platforms. The number of total transactions reached 12.5 million, up by 1% YoY, while Wage Protection System (WPS) salary disbursals surged 27% YoY, reaching 2.5 million.

The banknotes segment posted a 6% increase in transaction value to AED 22 billion and 7% growth in operating income, while remittance income climbed 4% YoY to AED 171 million. The WPS and other services category saw operating income rise 26% YoY to AED 30 million, driven by a strong UAE labour market and infrastructure projects.

Operational Expansion and Strategic Moves

Despite global geopolitical headwinds and cost pressures, the company reported a 33% reduction in capital expenditure (CAPEX) and a 96% EBITDA-to-cash conversion rate, underscoring its operational efficiency and financial discipline.

Looking ahead, Al Ansari remains committed to its digital-first strategy and regional expansion, reinforcing its market leadership in financial services across the UAE and the wider GCC.

Al Ansari Q1 2025 earnings UAE financial services digital remittance UAE WPS salary disbursals Al Ansari expansion 2025