Dubai: Amlak Finance reported net profits after income tax of AED28 million for the first quarter of 2025, marking a 4 percent year-on-year increase from AED27 million in the same period last year.

According to Emirates News Agency, the company’s total revenue rose by 15 percent year-on-year to AED76 million in the first quarter of 2025, up from AED66 million in Q1 2024. However, revenues from financing and investing business activities declined by 35 percent, reaching AED22 million in Q1-25 compared to AED34 million in Q1-24.

Amlak also announced that it has settled 91 percent of its Islamic deposit liabilities to date, including Mudaraba Instrument obligations related to financiers.