EMIRATES DRIVING COMPANY-

Emirates Driving’s top and bottom line jump in 2Q: Multiply subsidiary and driving institute Emirates Driving Company saw its net income increase 90.8% y-o-y to AED 90.1 mn in 2Q 2025, according to its financials (pdf). During the quarter revenues also saw a sharp rise, jumping 117.4% y-o-y to AED 186.2 mn.

On a six-month basis, the company’s net income rose 33.2% y-o-y in 1H 2025 to AED 158.9 mn. Revenues more than doubled during the half — up 101% y-o-y to AED 353.3 mn — driven by the acquisition of a new subsidiary, as well as improved operational efficiency, increased demand, and expansion, according to its discussion and analysis report (pdf). Last year it acquired a 51% stake in Excellence Premier Investment for AED 153 mn.

MOEVE-

Mubadala’s Moeve posts muted 1H results: Mubadala-owned Spanish oil company Moeve’s bottom line dipped 47% y-o-y EUR 96 mn in 2Q 2025, according to the company’s quarterly report (pdf). Revenues saw a bigger dip of 17% to EUR 5.7 bn. The firm attributed the decline primarily to a major April power blackout in Spain and Portugal that forced temporary shutdowns at its two refineries, costing approximately EUR 50 mn, according to a separate earnings report (pdf). Scheduled maintenance and lower refining margins of USD 6 per barrel further impacted results. The financial results also got ink from Reuters.

During 1H 2025, the firm reported a 19% y-o-y drop in adjusted net income to EUR 324 mn as EBITDA fell 33% to EUR 733 mn. On the other hand, revenues saw a 12.9% y-o-y increase to EUR 11.8 bn.

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