Amlak Finance PJSC has announced its financial results for the first half of 2025, reporting a net profit after income tax of AED 18.53 million, a sharp increase from AED 7 million in the same period last year. The company attributed its robust performance to continued operational prudence, effective cost management, and successful execution of key asset sales.
Revenue Up 61% Year-on-Year
Total revenue for H1 2025 rose to AED 200 million, marking a 61% increase from AED 124 million in H1 2024. This growth was driven in part by a notable rise in profit contributions from joint ventures and income from development properties, which climbed to AED 54 million, up from AED 5 million in the previous year.
Operating Costs Down, Strategic Divestments Completed
Operating costs were kept in check, declining by 3% to AED 40 million compared to AED 41 million in H1 2024. Amlak also capitalised on major asset sales during the period, including the completion of the Ras Al Khor land plot sale for a total consideration of AED 2.9 billion, with full transfer and proceeds received in July 2025. The company executed a partial sale (29%) of its stake in a Saudi associate during the first half. This was followed by the sale of the remaining 71% stake on 31 July 2025, completing Amlak’s full divestment from the associate.
Debt Fully Settled Post-Period
In line with its ongoing commitment to financial stability, Amlak repaid AED 35 million to its financiers during Q2 2025. After the reporting period, the company fully settled its remaining financial obligations, making a final payment of AED 906 million, including profit, in July 2025.
Regional Investments Continue to Contribute
Amlak’s regional investments contributed AED 5 million in income during the first half of 2025, underscoring the value of its diversified portfolio and regional presence.
Pioneering Sharia-Compliant Property Finance
Since its launch in November 2000, Amlak Finance has been at the forefront of the region’s Islamic property finance sector, offering innovative, Sharia-compliant financing solutions tailored to meet evolving market needs. With its strong H1 2025 performance and strategic restructuring now complete, Amlak is well-positioned for sustained growth and financial stability in the second half of the year and beyond.
