Amlak Finance posts an 86% surge in net profit, driven by higher revenue and reduced financing costs.
DUBAI: Amlak Finance PJSC announced its financial results for the quarter ended March 31, 2026, maintaining a focus on prudent management of its UAE operations and overall balance sheet.
The company reported a net profit after income tax of Dh52 million, compared to Dh28 million in the same period of 2025, reflecting an 86% year-on-year increase.
Amlak Finance PJSC reported an 8% rise in total revenue for Q1 2026, reaching Dh65 million compared to Dh60 million in the same period of 2025.
Revenue from financing and investing activities surged to Dh30 million from Dh1 million a year earlier, driven mainly by increased placement of wakala deposits, which generated Dh28 million in income during the quarter.
Distribution costs to financiers dropped to zero in Q1 2026, compared to Dh4 million in the same period of 2025, following the full settlement of the company’s financial obligations in July 2025.
The recently approved Dh735 million dividend underscores Amlak Finance PJSC’s commitment to delivering value to its shareholders.
