Amanat Holdings recorded a net profit decline of 8%, reaching AED 44.44 million in the first quarter (Q1) of 2025, down from AED 48.29 million as of 31 March 2024.
The basic and diluted earnings per share (EPS) rose slightly to AED 0.0152 in Q1 2025, compared to AED 0.0164 during the same period last year, according to the company’s financial disclosure.
Revenues experienced a 13% rise, amounting to AED 240.72 million during the first three months of 2025, up from AED 213.50 million in Q1 2024.
Shamsheer Vayalil, Chairman of Amanat, stated: “Amanat has maintained its growth trajectory into the first quarter of 2025, achieving robust revenue gains driven by record enrolment and beneficiary numbers within the Education segment, continuing the positive trend seen throughout 2024.”
Vayalil added: “Our focus remains on delivering value to shareholders. We are advancing our monetisation strategy in Education and, in May, distributed a final dividend of AED 40 million, taking the total dividend payout for FY 2024 to AED 115 million.”
John Ireland, Chief Executive Officer at Amanat, remarked: “As we look ahead, we are committed to sustaining growth, with new daycare centres under development at HDC, strong enrolment momentum at MDX, and expansion of our Post-Acute Care services in both Khobar and Jeddah.”
As of 31 December 2024, net profits attributable to Amanat’s shareholders surged to AED 143.31 million, a substantial increase from AED 49.18 million in 2023.
