Dubai - Mubasher: Amlak Finance logged higher net profits after income tax valued at AED 18.53 million in the first half (H1) of 2025, compared to AED 6.99 million in H1-24.

Total revenues surged by 61% to AED 200.06 million as of 30 June 2025 from AED 123.91 million in the corresponding period of 2024, according to the financial results.

Basic earnings per share (EPS) stood at AED 0.011 in H1-25, versus AED 0.002 in H1-24. Meanwhile, the diluted EPS climbed to AED 0.010 from AED 0.002.

Financial Statements for Q2

During the second quarter (Q2) of 2025, the DFM-listed company incurred lower net losses at AED 924,000, against AED 10.26 million in Q2-24.

Amlak Finance reported AED 110.58 million in revenues in Q2-25 as compared to AED 64.48 million in April-June 2024.

Basic and diluted loss per share hit AED 0.002 in Q2-25, against AED 0.008 in Q2-24.

In Q1-25, the net profits after income tax of Amlak Finance hit AED 27.55 million, an annual growth of 4% from AED 26.75 million.

During H1-25, Amlak completed the sale of Ras Al Khor land plots for a total consideration of AED 2.90 billion, with transfer of ownership and receipt of full proceeds in July 2025.

The company also successfully executed a partial sale of a 29% stake in its investment in a Saudi Arabia-based associate. 

After the period ended on 30 June 2025, Amlak completed the sale of its remaining 71% stake on 31 July, fully divesting its investment in the associate.