For the first time in 15 years, Amlak fully cleared its accumulated losses and reported positive retained earnings at year-end, reflecting its strong financial performance.
Amlak Finance reported a net profit after income tax of Dh1.47 billion in 2025, up from Dh12 million in 2024. Total income for the year surged to Dh3.12 billion, compared with Dh233 million the previous year. For the first time in 15 years, Amlak fully offset its accumulated losses and recorded positive retained earnings at year-end, reflecting its strong financial performance.
The sale of its Ras Al Khor land bank, completed in July 2025, drove significant growth, generating total proceeds of Dh2.9 billion and a gain of Dh2.14 billion during the year. Operating costs for 2025 fell 9 per cent to Dh92 million, down from Dh101 million in the same period the previous year.
Arif Albastaki, CEO of Amlak Finance, said the company has strengthened its capital structure by settling obligations with a key financier and exiting the Common Terms Agreement signed in 2014, enabling it to clear all dues with financiers well ahead of the October 2026 deadline.
