ANSA Mer­chant Bank Ltd (AM­BL) yes­ter­day de­clared af­ter-tax prof­it of $242.19 mil­lion for the year end­ed De­cem­ber 31, 2025, a 49.3 per cent in­crease com­pared to 2024.

The com­pa­ny re­port­ed growth across its bank­ing and in­sur­ance seg­ments and a sig­nif­i­cant in­crease in earn­ings per share.

Net op­er­at­ing in­come climbed to $674 mil­lion, a 31 per cent in­crease year-on-year, dri­ven by high­er net in­ter­est in­come, im­proved fee-based rev­enues, and stronger in­vest­ment per­for­mance. Op­er­at­ing ex­pens­es rose 14 per cent to $375.7 mil­lion, as the group in­creased spend­ing on tech­nol­o­gy, staff and in­fra­struc­ture.

In­vest­ment ac­tiv­i­ty al­so con­tributed pos­i­tive­ly, with gains of $76.7 mil­lion from favourable mark-to-mar­ket move­ments.

Earn­ings per share (EPS) rose to $2.83, up from $1.90 in 2024, rep­re­sent­ing a 49 per cent in­crease.

In his re­port, chair­man A Nor­man Sab­ga point­ed to dis­ci­plined ex­e­cu­tion and re­silience across the group’s op­er­a­tions. He not­ed that per­for­mance was sup­port­ed by im­prove­ments in both the bank­ing and in­sur­ance seg­ments, along­side con­tin­ued fo­cus on cus­tomer-dri­ven strate­gies.
“The group record­ed a strong fi­nan­cial per­for­mance…re­flect­ing con­tin­ued re­silience and dis­ci­plined ex­e­cu­tion across all busi­ness seg­ments,” Sab­ga stat­ed in the re­port.

The bank­ing seg­ment, which in­cludes com­mer­cial, mer­chant and wealth man­age­ment ser­vices, ben­e­fit­ted from on­go­ing dig­i­tal trans­for­ma­tion ef­forts. Dur­ing the year, AM­BL launched a new dig­i­tal plat­form and mo­bile bank­ing ap­pli­ca­tion, while al­so ex­pand­ing its cus­tomer base and strength­en­ing its mu­tu­al funds busi­ness.

Its cred­it rat­ings were reaf­firmed by Cari­CRIS at Cari­AA on the re­gion­al scale and ttAA on the na­tion­al scale, both with a sta­ble out­look. The in­sur­ance seg­ment, com­pris­ing Tatil, Tatil Life, Colfire and Tri­dent In­sur­ance, re­port­ed im­proved re­sults. Com­bined net op­er­at­ing prof­it in­creased by $27.1 mil­lion, a 75 per cent rise com­pared to the pre­vi­ous year. Tatil main­tained its A- (Ex­cel­lent) rat­ing from AM Best.

The Board ap­proved a fi­nal div­i­dend of $1.00 per share, bring­ing to­tal div­i­dends for 2025 to $1.20 per share. The record date is May 15, 2026, with pay­ment sched­uled for May 26, 2026.

Look­ing ahead, Sab­ga ac­knowl­edged on­go­ing glob­al un­cer­tain­ty dri­ven by geopo­lit­i­cal fac­tors and mar­ket volatil­i­ty, but main­tained that the group re­mains well po­si­tioned.

He point­ed to con­tin­ued in­vest­ment in tech­nol­o­gy, strong cap­i­tal­i­sa­tion, and a fo­cus on risk man­age­ment as key pri­or­i­ties, adding that the in­sti­tu­tion is po­si­tioned to pur­sue sus­tain­able growth de­spite ex­ter­nal chal­lenges.