Amlak Finance reported a significant surge in net profit to AED 1.47 billion for the fiscal year ended 31 December 2025, representing a massive increase from the AED 12.5 million profit recorded in 2024.
Total income climbed to AED 3.12 billion, primarily driven by a substantial jump in revenue from development properties, which reached AED 2.95 billion compared to AED 72.4 million in the prior year.
Financial results were impacted by a AED 477.7 million foreign exchange loss realized on the divestment of a subsidiary and AED 813.7 million in costs related to development property sales, partially offset by a AED 74.9 million profit share from joint ventures.
The company’s balance sheet strengthened as it moved from an accumulated loss position to retained earnings of AED 1.47 billion, while total assets grew to AED 3.42 billion following a significant increase in Islamic financing and investing assets.
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