Business

Al Ansari Financial Services PJSC (DFM: ALANSARI), the GCC’s largest non-banking financial institution, reported strong financial and operational results for the first nine months of 2025 (9M’25). The Group posted operating income of AED 966 million, with a 13.7% year-on-year increase in Q3, driven by solid performance across core business lines and the consolidation of BFC Group.

EBITDA rose 8.8% year-on-year to AED 423 million, maintaining a robust margin of 43.8%, while total revenues increased 12% to AED 991 million. Net profit after tax stood at AED 303 million, a slight decrease of 1.7%, attributed to margin adjustments aimed at safeguarding market share, increased manpower costs linked to Emiratisation requirements, and higher operating expenses resulting from regional and international expansion.

Despite geopolitical challenges, the Group highlighted its continued resilience and strong positioning across the UAE and the broader GCC region.

Strategic Expansion and Operational Growth

Al Ansari Financial Services achieved significant expansion aligned with its long-term growth strategy:

• Branch Network: The Group expanded to 438 physical branches by the end of Q3 2025 — a net increase of 175 branches since Q3 2024, including those added through the BFC Group consolidation.

• BFC Group Acquisition: Completed in Q2 2025, with full consolidation of financial results in Q2 and Q3. Synergies are expected to materialise in Q1 2026.

• Al Ansari Digital Wallet: Successfully soft-launched in Q3 2025, ahead of a full-scale rollout.

These initiatives reinforce the Group’s leadership in the UAE’s financial services sector while supporting its broader regional growth plans.

Financial Performance Overview (9M’25)

• Operating income: AED 965.9 million (↑ 13% YoY)

• EBITDA: AED 422.9 million (↑ 8.8% YoY)

• EBITDA margin: 43.8%

• Net profit after tax: AED 303.3 million (↓ 1.7% YoY)

• Free cash flows: AED 392.7 million (↑ 7.7% YoY)

• CAPEX: AED 30 million (3% of operating income)

The Group maintained a strong 93% EBITDA-to-cash conversion rate, underscoring disciplined capital deployment and healthy cash generation.

Operational Performance

• Remittance business: Experienced margin pressure due to competitive pricing but remained resilient overall.

• Bank Notes and Prepaid Cards: Strong growth supported by rising travel card volumes and increased tourism activity.

• Wage Protection System (WPS): Continued upward momentum.

• BFC Group Consolidation: Delivered additional revenue and operational benefits across the nine-month period.

Executive Commentary

Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said:
“The first nine months of 2025 have been a period of significant transformation for the Group. The 13.7% growth in Q3 operating income and the successful consolidation of BFC Group underline our commitment to scaling operations, expanding regional influence, and creating long-term value. While net profit was impacted by increased costs, our robust EBITDA and cash flow performance highlight our ability to navigate challenges effectively.”

He added that the Group remains aligned with the UAE and GCC’s vision for a digitally driven, inclusive financial ecosystem.

Mohammad Bitar, Deputy Group CEO, said:
“Our operational momentum throughout 2025 has been exceptional, marked by the integration of BFC Group and the expansion of our branch network. Sustained investment in digital innovation continues to elevate customer experience, while our regional integration efforts further strengthen our market leadership.”

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