Amlak Finance reported a net profit after tax of AED 52 million for Q1 2026, representing an 86% increase compared to AED 28 million in the same period of 2025, driven by improved operational efficiency and debt settlement.
Total revenue grew by 8% to AED 65 million, significantly bolstered by financing and investing activities which rose to AED 30 million (up from AED 1 million in Q1 2025) primarily due to AED 28 million generated from wakala deposits.
Profitability was further supported by the elimination of distribution costs to financiers, which dropped to zero from AED 4 million in the prior year following the full settlement of the company’s financial obligations in July 2025.
The company maintained total assets of AED 3.46 billion and highlighted a recently approved dividend of AED 735 million, signaling a shift toward shareholder value delivery following the streamlining of its balance sheet.
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