UAE-based remittance and foreign exchange provider Al Ansari Financial Services posted higher revenue for the first nine months of the year, supported by continued expansion of its branch network.
The company’s revenue rose 12 percent year on year to AED991 million over the period, according to a statement released on the Dubai Financial Market.
Net profit, however, slipped nearly 2 percent annually to AED303 million, largely due to increased manpower expenses linked to Emiratisation, broader operational growth, and higher finance costs following the acquisition of BFC Group.
In April, Al Ansari completed the USD200 millionB acquisition of BFC, strengthening its presence in Bahrain, Kuwait and India.
Revenue for the quarter ending September 2025 increased 13 percent year on year to AED336 million, while net profit fell 12 percent to AED91 million.
The company noted that margins in the remittance segment came under pressure from competitive pricing, although overall performance remained stable.
Al Ansari operated 438 branches at the end of September 2025, compared with 263 a year earlier, a network expansion driven by 159 acquired locations and 16 newly opened sites.
Capital expenditure reached AED30 million, representing 3 percent of operating income of AED966 million.
The company’s shares closed 1.9 percent lower at AED1.58 on Thursday, though the stock has gained 3 percent since the start of the year.
Al Ansari Holding retains a 90 percent stake in the business.
