MAJID AL FUTTAIM-

Majid Al Futtaim sees 1H bottom line of AED 1.3 bn: Majid Al Futtaim’s net income — excluding valuation and tax — rose 23% y-o-y to AED 1.3 bn in 1H 2025, according to its earnings release. The group’s revenues came in at AED 17.3 bn, a 3% increase y-o-y.

By the segment: The lion’s share of the group’s top line came from its retail segment, which saw AED 11.5 bn in revenues, down 1% y-o-y amid softness in its brick-and-mortar business and dampened consumer sentiment amid “geopolitical tensions” — which has led to boycotts across several global brands. Its property revenues rose 14% y-o-y to AED 4.3 bn, followed by asset management activities (AED 2.4 bn), development and residential communities (AED 2 bn), and digital retail (AED 1.6 bn).

Behind the growth: Robust leasing activity, a strong tenant mix, and consumer demand helped deliver strong results for its asset management segment, while strong sales in Ghaf Woods and Tilal Al Ghalf boosted inflows to its development portfolio. 1H also saw the group launch its AED 5 bn Mall of the Emirates upgrade project.

ETIHAD AIRWAYS-

Etihad Airways reported a 32% y-o-y increase in its net income to AED 1.1 bn in 1H 2025, according to an earnings release. The company’s top line also rose 16% y-o-y AED 13.5 bn due to strong performance across both passenger and cargo operations. This marks the carrier’s best-ever half-year performance, the release said.

The breakdown: Passenger revenue reached AED 11.3 bn on the back of network expansion and strong demand, while cargo revenue rose 9% y-o-y to AED 2 bn due to improved capacity and yield, the release said.

Fleet updates: The airline’s operating fleet grew to 106 jets, up from 98 in 1Q — meaning the carrier added eight aircraft during 2Q. Etihad is aiming to add 22 aircraft to its fleet this year, part of its push to reach 170 jets by 2030, CEO Antonoaldo Neves said earlier this year.

REMEMBER- Etihad Airways secured five new aircraft in July, receiving one jet each of Airbus’ A321LR, A350-1000, and A320 models, as well as two Boeing 787 Dreamliners — the carrier’s highest monthly delivery rate.

REMEMBER: Etihad Airways has putoff plans for a USD 1 bn IPO on the ADX, according to reports earlier this year. With the firm confident about liquidity and financing for expansions, the matter is in the hand of shareholders, Neves has said.

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