Source : WAM
Al Ansari Financial Services achieved a strong performance in FY2025, reporting double-digit growth in both operating income and EBITDA, supported by ongoing investments in scale, talent, and geographic expansion.
Operating income rose 12% year-on-year to AED 1.29 billion, fueled by solid results across most business segments and strengthened by the full consolidation of the recently acquired BFC Group, enhancing the Group’s diversified and scalable earnings base.
Net profit after tax for FY2025 remained resilient at AED 401 million, largely driven by strategic pricing adjustments to maintain market share, increased manpower costs due to regulatory initiatives such as Emiratisation, and higher operating and finance expenses associated with the Group’s continued domestic and international expansion.
Aligned with its growth strategy, Al Ansari Financial Services substantially increased its branch network during the year. By the end of FY2025, the Group operated 444 branches, up from 267 in FY2024. This net addition of 177 branches included 160 branches across the Kingdom of Bahrain, Kuwait, and India through the BFC Group consolidation, alongside 17 new branches in the UAE.
The acquisition of BFC Group Holdings was successfully completed in Q2 2025, with results fully consolidated from Q2 through Q4. Integration progressed as planned, with operational synergies expected to materialize progressively throughout 2026.
Capital expenditure totaled AED 39 million, representing roughly 3% of operating income, reflecting selective investments in digital transformation, infrastructure, and branch optimization initiatives.
The Group maintained a robust EBITDA-to-cash conversion rate of 93%, underscoring disciplined capital allocation and strong liquidity management.
Commenting on the results, Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said, “The financial performance for 2025 reflects the resilience of Al Ansari Financial Services and the strength of our diversified business model. Looking ahead, our priorities remain firmly focused on advancing our digital transformation agenda, optimising our expanded branch network, and realising synergies from the BFC Group acquisition.”
Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, added, “As we move into 2026, our focus is on building scale into efficiency and growth. We will continue to enhance customer experience across both digital and physical touchpoints, drive operational excellence, and unlock value from our expanded regional footprint.
The integration of BFC Group provides a strong platform to deepen our presence in key corridors and accelerate innovation, while maintaining a prudent approach to costs and risk management.”
