However, company’s bottom line is affected amidst commodity price volatility and a decline in oil and gas production as net income fell 1.5%
Results
Latest in Results
Gulf Pharmaceutical Industries
Julphar grows revenue 6.7% in Q1 and reduces its debts
Revenue reaches $97.8mn; Company reduced total bank borrowings by $104.34mn, bringing its interest-bearing liabilities to $144.3mn
EMSTEEL
EMSTEEL overcomes global headwind as domestic demand stays strong
Despite a 6% YoY decrease in average steel prices, the UAE manufacturer reports $600mn in revenue; Finished goods steel sales volumes rise 21%
Abu Dhabi
Space42 focused on building for future growth with its Four Pillars
Abu Dhabi-based SpaceTech company reveals its strategy for growth after muted Q1 result in which revenue fell 13% to $115mn
Deyaar Development
Deyaar posts 54% increase in net profit before tax for Q1 2025
Revenue increases 32% to $117.9mn, compared to $89.26mn in Q1 2024; Net profit before tax surges to $32.62mn from $21.13mn
district cooling
Tabreed has a flat Q1 but excitement builds over its Palm Jebel Ali deal
Revenue for Q1 2025 falls marginally to $126.9mn as consumption decreased nearly 7% due to colder weather; EBITDA up 4% to $77.1mn
Abu Dhabi
Fertiglobe targets EBITDA of $1bn+ in its new ‘Grow 2030’ strategy
The Abu Dhabi company posts Q1 2025 revenues of $695mn, up 26% YoY and an adjusted EBITDA of $261mn, up 45%
Lulu
Five new stores push Lulu’s Q1 revenue to $2.1bn, up 7.3% YoY
EBITDA grows 6.4% to $214.1 million; EBITDA margin at 10.3%; Net profit reaches $69.7mn, up 15.8%; Net profit margin at 3.4%
DEWA
DEWA clocks its highest-ever first-quarter revenue and production numbers
Revenue of $1.62bn and cash from operations of $1.05bn for Q1 2025; Power generation reaches 10.50 TWh, and desalinated water production 35.61 BIG
Drake & Scull International
Restructured Drake and Scull International returns to profit for Q1
The company declares a net profit of $680,000 for Q1 2025, compared to a net loss of $11.6 million in corresponding period last year
Saudi Arabia
New stores propel Spinneys’ Q1 revenue to all-time high of $246.7mn, up 11.3%
Growth driven by increase in like-for-like sales, new store openings, increase in online sales and higher Fresh and Private Label sales
Dubai
Talabat GMV for Q1 surges 30% despite the impact of Ramadan
Gross Merchandising Value reaches $2.1bn with strong performance across markets and verticals
Abu Dhabi
Strategic expansion leads to another solid quarter for ADNOC L&S
Revenue increases 41% to $1.18bn and EBITDA up 20% YoY to $344mn following completion of Navig8 acquisition in January 2025
Dubai real estate
Union Properties revenue up 18.2%; repays $48.75mn of legacy debt
Revenue increases 18.2% to reach $44.4mn; Gross profit up 25.3% to $44.4mn; Will repay an additional $43.3mn debt this quarter
Dubai real estate
Emaar reports 50% surge in Q1 revenue to $2.8bn on robust sales
Backlog increase to $34.6bn gives long-term revenue visibility; EBITDA reaches $1.5 bn at a healthy 53% margin
Abu Dhabi
AD Ports Group’s Q1 revenue grows 18% and total net profit 16%
Group CEO Al Shamisi says the company will continue to pursue its “profit-enhancing ‘intelligent internationalisation’ strategy”
Dubai
Emaar Development backlog crosses AED100bn as Q1 sales jump 28% to $4.5bn
Revenue increases by 43% to $1.4bn; EBITDA grows 48% to $683mn; Net Profit before tax jumps 49% to $753mn