ALPHA DHABI HOLDING-

AlphaDhabi Holding saw its net income reach AED 4.5 bn in 2Q 2025, more than double the AED 2.1 bn it reported in the same period last year, according to its financials (pdf). The jump was driven by an AED 1.6 bn gain from other income. Revenues rose 21.9% y-o-y to AED 18.4 bn for the quarter.

For the six-month period, net income remained somewhat flat at AED 6.6 bn, down slightly from the AED 6.7 bn recorded last year, while revenues grew 22.3% y-o-y to AED 35.9 bn. The flat bottom line growth reflects an AED 1.4 bn drop in non-recurring accounting adjustments, according to a separate earnings release (pdf).

Segment-wise, its industrial operations — through NMDC and other subsidiaries — brought in AED 13.4 bn, while real estate — led by Aldar and Modon — contributed AED 12.7 bn. Its construction segment accounted for AED 6 bn, and services and other segments contributed AED 3.7 bn.

TECOM-

Business district developer Tecom Group posted bottom line growth of 21.3% y-o-y in 2Q, reaching AED 376.6 mn, according to its financials (pdf). Revenues grew 21.5% to AED 709.4 mn during the quarter, amid high occupancy and elevated rental rates, according to a separate earnings release (pdf). The group’s acquisitions last year, which included a AED 720 mn asset in Dubai Internet City and others obtained earlier that year, also helped boost top line growth. On a six-month basis, net income hit AED 737.4 mn, up 22.3% y-o-y in 1H 2025. Revenues climbed 21.0% y-o-y to AED 1.4 bn during the same period.

Tecom’s board approved an interim dividend of AED 400 mn, with a new dividend policy — expected to include a 10% increase — set to take effect in 2H, subject to shareholder approval.

Occupancy across Tecom’s commercial and industrial portfolio hit 95% in 1H 2025, up from 92% a year ago. Land lease occupancy rose to 99%, supported by demand in Dubai Industrial City, and its overall customer base rose 5% y-o-y to surpass 12.2k.

ABU DHABI NATIONAL HOTELS-

Abu Dhabi National Hotels (ADNH) reported a 5.7% y-o-y net income drop to AED 122.1 mn in 2Q 2025, according to the company's financial statements (pdf). The firm's revenues saw a 9.5% y-o-y uptick to AED 845.8 mn. On a six-month basis, ADNH posted a 75.8% bottom line drop to AED 278.5 mn in 1H 2025, after 1H 2024 had seen an AED 916.4 mn boost from the fair value gain on its takeover of its JV with Compass Group, according to a separate earnings report (pdf). Revenues saw a 40.8% increase y-o-y to AED 1.7 bn, driven by strategic acquisitions in the catering segment and strong operating performance across other business segments, according to an earnings release (pdf).

By the segment: The hotels division generated AED 780 mn in revenue, up 12% y-o-y, while the catering segment contributed AED 838 mn, up from AED 408 mn the year before, on the back of the Compass acquisition. Transportation services remained stable at AED 150 mn.

ABU DHABI AVIATION-

Abu Dhabi Aviation saw its bottom line fall 74.2% y-o-y to AED 179.1 mn in 2Q 2025, according to the company's financial statements (pdf). The firm had seen a one-off gain on a bargain purchase for AED 596.8 mn the year before. Revenues saw a 7.1% y-o-y uptick to AED 1.7 bn, supported by strong performance across key subsidiaries including Etihad Airways Engineering and its maintenance, repair, and overhaul (MRO) operations, according to a separate earnings release (pdf).

On a six-month basis: The company saw its net income decline 45.4% to AED 394.4 mn in 1H 2025, while revenues increased 12.5% y-o-y to AED 3.6 bn, as the impact of its AED 4 bn acquisition ofstakes in three aviation firms from ADQ subsidiary ADQ Aviation were reflected in its financials, providing a AED 259 mn boost. Its general aviation segment saw a 15% y-o-y dip in revenues, while its MRO operations saw 6% yearly growth and its investments sector recorded a 9% y-o-y uptick.

Tags: