More earnings are trickling in as we approach the busy parts of earnings season…

SANAD-

Mubadala’s aerospace engineering and leasing arm Sanad Group reported 39% y-o-y growth in its topline to reach AED 3.2 bn in 1H 2025, according to a press release. The performance was driven by the company’s Maintenance, Repair, and Overhaul (MRO) and asset management segments.

Operational highlights: The firm’s orderbook swelled to a record AED 38 bn — out of which AED 5 bn were added in 1H 2025 as long-term agreements, the press release said. Sanad’s MRO division processed 90 engines in the period and is expected to process up to 210 by year-end, a 30% y-o-y increase from 2024. This growth was supported by its entrance into the Pratt & Whitney GTF MRO network as the first provider in the SAMENA region, as well as its finalization of a handful of MRO services agreements with global aviation players.

REMEMBER- Sanad enhanced its asset management portfolio in 1H 2025 by acquiring a batch of Rolls-Royce Trent 700 engines from Etihad Airways after the carrier retired its A330ceo fleet.

Sanad’s MRO expansions come on the back of a growth in the global MRO market, which reached over USD 114 bn in 2024, according to data from consulting outfit Oliver Wyman. Aging fleets, aircraft malfunctions, and delays in jet deliveries were among the top drivers for MRO market growth, with materials shortages cited as the top disruptor for the aviation industry in a survey conducted by the consulting outfit. MRO market growth is expected to grow annually by a steady average of 2.7% to reach USD 156 bn in 2035.

UNITED ARAB BANK-

United Arab Bank (UAB) reported a net income of AED 106.2 mn in 2Q 2025, up 51.1% y-o-y, on the back of growth in assets and resilient risk management, according to its financials (pdf) and earnings release (pdf). Operating income for the quarter rose 51.9% to AED 208.2 mn.

1H snapshot: Net income for 1H 2025 came in at AED 207.7 mn, up 50% y-o-y. Operating income also saw an uptick of 24.3% to AED 373.5 mn, and total assets reached AED 23.9 bn during the first half of the year — up 11% from December 2024 and supported by a 16% rise in loans and Islamic financing.

REMEMBER- UAB is planning a rights issue of up to AED 1 bn to support capital buffers and growth.

GENERAL HOLDING CORPORATION-

Senaat net income slipped 6.6% to AED 987.6 mn in 2024: Abu Dhabi’s General Holding Corporation — better known as Senaat — saw its net income fall 6.6% y-o-y to AED 987.6 mn in 2024, according to the industrial holding company’s financial statements (pdf). Revenues came in at AED 13.3 bn, down a marginal 1.5% y-o-y from the previous year.

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