Al Ansari Financial Services reported a 28.9% year-on-year decline in net profit to AED 77.4 million for the first quarter ended 31 March 2026, down from AED 108.9 million in Q1 2025.
Total income increased by 8% to AED 326.6 million, supported by growth in both net currency exchange gains (AED 160 million) and commission income (AED 161.3 million), indicating a rise in core transactional activity.
Higher operating costs significantly impacted the bottom line, as total expenses surged by 31.7% to AED 240.6 million, driven largely by increased salaries and benefits (AED 149.9 million) and a rise in general and administrative expenses.
The Group declared AED 148.5 million in dividends during the period and maintained a strong liquidity position with cash and cash equivalents totaling AED 3.23 billion at the end of March 2026.
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