Amlak Finance reported a total net profit of AED 51.7 million for the first quarter ended March 31, 2026, representing an 87% increase compared to the AED 27.6 million profit recorded in the same period of 2025.
Total income rose to AED 65.4 million from AED 60.2 million year-over-year, driven by a significant surge in income from Islamic financing and investing assets, which grew to AED 29.7 million from just AED 1.2 million in Q1 2025.
Profitability was significantly bolstered by a AED 23.5 million contribution from discontinued operations and the elimination of distributions to financiers (previously AED 4.2 million), following the full settlement of investment deposits during the 2025 financial year.
The group's financial position remained stable with total assets reaching AED 3.46 billion, supported by AED 9.2 million in net impairment reversals and approximately AED 19.4 million in combined revenue and gains from the sale of development and investment properties.
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