Amlak Finance PJSC has posted solid financial results for the first half of 2025, ending June 30. The company achieved a net profit after income tax of AED18.53 million, up from AED7 million during the same period last year.
Total revenue surged 61% year-on-year, reaching AED200 million compared to AED124 million in H1 2024. The rise was driven by higher income from joint ventures and development properties, which climbed to AED54 million from just AED5 million a year ago.
At the same time, Amlak managed to lower its operating costs by 3%, reducing them to AED40 million compared to AED41 million in H1 2024.
Major Transactions Boost Performance
During the period, Amlak finalized the sale of Ras Al Khor land plots for AED2.9 billion. Ownership transfer and receipt of proceeds were completed in July 2025. Additionally, the company executed a partial sale of a 29% stake in an associate in Saudi Arabia within the first half. It later divested the remaining 71% stake on July 31, 2025, marking a full exit from that investment.
The company also demonstrated a strong commitment to financial obligations. It repaid AED35 million to financiers during Q2 2025. Following the reporting period, Amlak fully settled its remaining commitments by paying AED906 million including profit in July 2025.
Regional Investments and Future Outlook
Amlak’s investments in the region contributed AED5 million in income during the first six months of the year. These results reflect the company’s strategy of prudent balance sheet management and focused UAE operations.
