Operating income decreased by 1 percent year-on-year to reach 855 million dirhams, according to what was announced, with adjusted operating income recording an increase of 4 percent.
Earnings before interest, taxes, depreciation and amortization fell by 11 percent on an annual basis to reach 388.6 million dirhams, according to what was announced, while it decreased by 2 percent on an adjusted basis.
The total number of transactions increased by 2 percent year-on-year to reach 37.3 million transactions. Sales of foreign currencies and prepaid cards witnessed a 4 percent growth year-on-year in the number of transactions, which reached 7.2 million transactions.
She announced Al-Ansari Financial Services said in a statement that the group’s operating income witnessed a slight decrease by 1 percent, with adjusted operating income, when deducting exceptional non-recurring revenues related to Iraq operations in the third quarter of 2023, recording an increase of 4 percent.
The revised figures do not include exceptional non-recurring revenues related to Iraq operations in the third quarter of 2023.
Operational performance for the first nine months of 2024
The total number of transactions during the first nine months of the year increased by 2 percent compared to the same period last year, reaching 37.3 million. This remarkable growth reinforces our position as a major player in the market.
The challenges posed by the parallel market in the main remittance corridors have begun to ease in recent quarters. However, still Geopolitical tensions Continuing income in the region affects remittance income. The operating income for remittances witnessed a slight decrease of 2 percent year-on-year, as announced, while the adjusted operating income for remittances recorded an increase of 7 percent, reaching 513 million dirhams.
Despite geopolitical challenges impacting corporate foreign exchange sales, the strong performance of the prepaid card sector limited the overall impact, and resulted in a slight 2 percent year-on-year decline in operating income for foreign currency and prepaid card sales to reach AED 268 million. .
The WPS business achieved outstanding results during the first nine months of the year, recording a 9 percent year-on-year increase in operating income to reach AED 53 million. The WPS business increased its customer base by 17 percent, benefiting from effective strategies to attract customers and the strength of the UAE economy.
Our commitment to meeting the growing needs of the corporate sector has yielded positive results, as the number of corporate transactions increased by 4 percent year-on-year, reaching 12.5 million transactions. This growth was stimulated by our strategic approach, which included expanding our product offerings and achieving significant growth in specific services such as the WPS.
Customers conducted more than 3.6 million digital transactions, an increase of 24 percent year-on-year, contributing to 23 percent of total remittance transactions. The sustained growth in digital transactions highlights our commitment to digital transformation. By leveraging cutting-edge technology and innovative solutions, we continually improve customer experience and simplify financial services in line with our vision to become a leading financial services provider, providing seamless and efficient digital solutions to meet the evolving needs of our customers.
