Amal Financial Company has announced its financial results for the year ending December 31, 2025. During this period, the company focused on enhancing the efficiency of its balance sheet management and operations within the United Arab Emirates.
The company reported a net profit after income tax of 1.47 billion dirhams for the year ending December 31, 2025, in contrast to a net profit of just 12 million dirhams for the same period in 2024.
Total revenues surged significantly, reaching 3.12 billion dirhams, up from 233 million dirhams in the fiscal year 2024. This remarkable growth was primarily driven by property sales, particularly the completion of a land sale in the Ras Al Khor area in July 2025, which generated total revenue of 2.9 billion dirhams and profits of 2.14 billion dirhams throughout the year.
Operating costs decreased by 9% during the year, amounting to 92 million dirhams compared to 101 million dirhams during the same period last year.
Thanks to the strong profitability recorded in 2025, the company was able to fully offset its accumulated losses and achieve retained earnings by the end of the year, marking the first time in 15 years this has been accomplished.
Throughout 2025, the company settled all its financial obligations to six financiers, totaling 989 million dirhams, including interest. It also exited a joint terms agreement, resulting in the removal of all commitments, guarantees, and real estate liens.
Regionally, Amal’s investment in Egypt generated income of 2 million dirhams prior to its sale. On October 23, 2025, the company signed an agreement to sell its subsidiary in Egypt, resulting in a gain of 9 million dirhams for the fiscal year 2025.
Additionally, Amal sold its stake in an associate company in Saudi Arabia during the third quarter of 2025.
On this occasion, Jamal Hamad Thani Butti Al Merri, Chairman of Amal Financial Company, stated, “The year 2025 has been a pivotal moment for Amal, as the disciplined implementation of our business strategy and sound governance has led to a significant improvement in our performance and financial strength. Moving forward, we will concentrate on creating long-term sustainable value and strive to continue supporting the growth of the real estate and economic sectors in the UAE.”
In his remarks, Aref Al Bustaki, CEO of Amal Financial Company, noted, “The results for Amal in 2025 reflect a strong performance compared to the prior year, driven by effective cost control and the liquidation of strategic assets, particularly the sale of land in the Ras Al Khor area. In parallel, we have strengthened our capital structure by settling obligations with our major financiers and concluding the joint terms agreement, which has streamlined our operations and enhanced our financial flexibility. We have made progress in divesting from our subsidiary in Egypt and completed the divestment from our associate company in Saudi Arabia. With a stronger balance sheet, we are well-positioned for disciplined growth, improving strategic outcomes, and supporting Amal’s long-term priorities.”