Al Ansari Financial Services Q3 net profit falls 12.3% to Dh79.8 million amid rising costs and regional tensions

Résumé détaillé

Operating income remains broadly stable at Dh325.6 million, while investments in technology, staffing and branch expansion weigh on profitability.

Al Ansari Financial Services reported a 12.3 per cent year-on-year decline in net profit after tax to Dh79.8 million during the third quarter of 2026, as higher operating expenses and regional geopolitical tensions weighed on earnings despite relatively stable income.

The Dubai-listed financial services group said operating income slipped 0.6 per cent to Dh325.6 million, compared with the same period last year, reflecting pressure from changing conditions in key remittance markets and increased competition.

Earnings before interest, taxes, depreciation and amortization (Ebitda) declined 5.7 per cent to Dh128.1 million, with the quarterly Ebitda margin narrowing to 39.3 per cent from 41.5 per cent a year earlier.

The company said its performance was affected by geopolitical developments, evolving regulatory and commercial conditions across remittance corridors, and pressure on margins.

Operating expenses increased during the quarter as Al Ansari Financial Services continued investing in employees, its branch network and technology systems to support long-term growth.

Salaries and employee benefits rose 1.1 per cent, while other operating expenses increased 8.8 per cent.

Net gains from currency exchange increased 0.5 per cent to Dh181.6 million, while net commission income declined 1.8 per cent to Dh144 million.

Despite the decline in profitability, the group reported a smaller contraction in third-quarter earnings compared with the first half of the year, when Ebitda and net profit had fallen 15 per cent and 28.7 per cent, respectively.

Al Ansari Financial Services reported a 23.8 per cent decline in net profit after tax to Dh231.1 million.

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