A combination of measured growth and strong cost discipline resulted in ASAI delivering a doubling in net profit in FY25. This momentum reflects the strong strategic delivery seen over the past 18 months and leaves the group extremely well placed over the medium term. Although the ongoing conflict in the Middle East creates uncertainty, we take comfort in management’s comments on the resilience to date in client demand, which – when combined with its new microinsurance offering and continued foc ....
