Al Ansari Financial Services Pjsc · DFM:ALANSARI
Al Ansari Financial Services Pjsc — H1 2025 Earnings Presentation
23 slides from Al Ansari Financial Services Pjsc's earnings presentation, August 2025
Slide 1: H1 2025 Financial Results Presentation
H1 2025 Financial Results Presentation
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by Al Ansari Financial Services PJSC (the “Company” or the “Group”). The information contained in this presentation may not have been reviewed or reported on by the Company’s auditors. The company relies on information obtained from sourc
Slide 3: Today’s Presenters
Today’s Presenters Rashed A. Al Ansari Mohammad Bitar Faisal Anwar Group Chief Executive Officer Deputy Group Chief Executive Officer Group Chief Financial Officer
Slide 4: Table of Contents
Table of Contents 01 H1 2025 Highlights 02 Business Highlights 03 Financial Highlights ▪ H1 Key Highlights ▪ Revenue Contribution by Business ▪ Income Statement Overview ▪ Quarter to Quarter Journey ▪ Revenue Contribution by Geography ▪ Balance Sheet Overview ▪ H1 Financial & Operating ▪ Market Anal
Slide 5: H1 2025 Highlights
01 H1 2025 Highlights ▪ Key Highlights ▪ Quarter to Quarter Journey ▪ Financial & Operating Performance Snapshots
Slide 6: H1 2025 Key Highlights
H1 2025 Key Highlights +13% Operating Income increased by 13% YoY to AED 638m, attributed Operating Income to an increase across the majority of vs. H1’24 business lines and the consolidation of BFC Group results +11% EBITDA increased by 11% YoY to AED 287 million with an EBITDA EBITDA Margin of 45%
Slide 7: Quarter to Quarter Journey
Quarter to Quarter Journey Operating Income (AED’mn) 344 300 1% 303 -6% 18% 294 - 294 285 -3% 275 -6% 275 6% 292 -1% 288 2% 260 3% 268 3% Value % Change Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 ▪ Q4’22 – Q4’23 : There is a downward trend witnessed in operating income a
Slide 8: H1 2025 Financial & Operating Snapshot
H1 2025 Financial & Operating Snapshot Financial Performance (AED) Operating Performance 638 mn 287 mn 28 mn 439 12% Operating EBITDA Total number of Number of Remittances – Income transactions physical branches Value of transactions +13% vs. H1’24 +11% vs. H1’24 +10% vs. H1’24 180 net branches sinc
Slide 9: Business Highlights
02 Business Highlights ▪ Revenue Contribution by Business ▪ Revenue Contribution by Geography ▪ Market Analysis
Slide 10: Revenue Contribution By Business
Revenue Contribution By Business H1’24 H1’25 +48% 2% +36% 3% 6% 7% 61% 34% 56% 31% +26% +2% Remittance Bank Notes WPS Others % Growth in Revenue
Slide 11: Revenue Contribution By Country
Revenue Contribution By Country H1’24 H1’25 3% <1% 6% 91% 100% +2% UAE Bahrain Kuwait India % Growth in Revenue
Slide 12: GCC Continues To Remain Robust Despite Global Headwind
GCC Continues To Remain Robust Despite Global Headwind GCC Economies Remain Resilient on All Fronts 4.4% 2.9% 1.8% 2.0% 2.8% 2.5% Encouraging Overall UAE GDP Growth in Total Overall Kuwait GDP Growth in Total Overall Bahrain GDP Growth in Total Macro Growth Expected UAE Population Growth Expected Ku
Slide 13: Financial Highlights
03 Financial Highlights ▪ Income Statement Overview ▪ Balance Sheet Overview ▪ Capex Business Model
Slide 14: Income Statement Overview
Income Statement Overview % % % AED’000 AED’000 Q2’25 Q2’24 Q1’25 H1’25 Q1’24 H1’24 H1’25 Commentary change change Change Net gain on ▪ Net gain on currency exchange recorded a YoY increase of 176,147 136,494 29.1% 321,015 265,531 20.9% currency exchange 20.9%, primarily driven by a 12.1% increase d
Slide 15: Balance Sheet Overview
Balance Sheet Overview AED’000 AED’000 Mar’25 Jun’25 Dec’24 Dec’24 %Change % Change Commentary Right of use assets 176,647 95,868 84.3% ▪ The increase in Right of Use assets by 84.3% is mainly attributed to the acquisition of BFC Group (an increase of 59.4%) and Property and Equipment 86,156 73,946
Slide 16: Capex-light Business Model, Easy to Scale and Able to Deliver Strong Growth
Capex-light Business Model, Easy to Scale and Able to Deliver Strong Growth and Value to the Shareholders Current Assets and Capex(1) (AED’mn) Commentary Current Liabilities (AED’bn) Total capex as ▪ Majority of the current assets are composed of Net 1.6 2.1 % of Operating 2.8% 2.7% Income cash and
Slide 17: Dividend Policy
04 Dividend Policy ▪ Dividend Policy
Slide 18: Dividend Policy
Dividend Policy Historical Dividends (AED’mn) Dividend Policy 1,076 ▪ Minimum dividend of 70% of the net profit after tax generated and paid on a semi-annual basis (in April and October of each year) 600 Dividend Distribution ▪ FY24: The Group has paid a dividend amount of 327 315 276 AED 315 millio
Slide 19: Growth Strategy
05 Growth Strategy ▪ 6 Pillar Strategy
Slide 20: Clear Growth Strategy Centered on 6 Pillars
Clear Growth Strategy Centered on 6 Pillars 01 Physical Network Expansion 02 Geographic Expansion 03 Digital Innovation Further Continued 80% of UAE remittance Growing market share in expanding pre- investment in market in 2027 is expected to Kuwait and entering other paid cards Al Ansari still be f
Slide 21: Guidance
06 Guidance ▪ Short to Mid Term Guidance
Slide 22: Short to Mid Term Guidance
Short to Mid Term Guidance Target Item Time Horizon (annual growth rate unless otherwise stated) Branch Network 480 total no. of physical branches Mid-term High single digit Short–term Remittance Income Single digit Mid-term Mid to high teens Short–term Bank Notes Income Single digit Mid-term Short–
Slide 23: Thank You
Thank You Dy Abo GLor ay yjlLio il AL ANSARI FINANCIAL SERVICES PLS.C
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