PARKIN-

Dubai parking operator Parkin reported a 49.9% y-o-y increase in net income to AED 157 mn in 3Q 2025, according to its financials (pdf) and earnings release (pdf). Revenues rose 43.5% to AED 343.3 mn, supported by the rollout of variable parking tariffs, record seasonal card sales, and higher enforcement proceeds. Enforcement revenue jumped 59% y-o-y to AED 103 mn, while public parking revenue rose 30% to AED 135 mn as the average hourly tariff increased to AED 3.03 from AED 2.01 a year earlier.

9M performance: Net income for 9M 2025 climbed 45.6% y-o-y to AED 441.9 mn, while revenue rose 41.9% to AED 936.6 mn. Parkin added 11.7k new spaces during the period, bringing its total portfolio to 219k. Seasonal card sales more than doubled y-o-y to 196k, as motorists opted for fixed-rate packages amid higher daily tariffs.

Looking ahead: Parkin raised its full-year revenue guidance, expecting public parking revenues between AED 520-550 mn and enforcement revenues of AED 360-390 mn. The company is expanding its portfolio through projects such as the 3.1k-space development in Dubai Sports City and partnerships to roll out up to 300 EV chargers across Dubai with Dewa and e&’s charge&go network.

DANA GAS-

Sharjah-based Dana Gas reported a 25.9% y-o-y drop in net income to AED 109 mn in 3Q 2025, with revenues declining 12.5% y-o-y to AED 308 mn, according to its financials (pdf). For 9M 2025, net income fell 7.6% y-o-y to AED 379 mn, while revenue slid 10.8% to AED 935 mn, reflecting softer Brent prices and lower production in Egypt, partly offset by stable output from the Kurdistan Region of Iraq (KRI), according to a separate earnings release (pdf).

Average group production dipped 8% y-o-y to 50.9k boe/d, as output in Egypt dropped 28% while KRI production inched up 1%.

Operations update: Dana Gas completed the KM250 expansion project at its Khor Mor gas field in Iraq in October, adding 250 mn scf/d of new capacity, set to boost revenue by up to 35% once fully operational. In Egypt, the company drilled three new wells and re-completed three others under its USD 100 mn investment program, aimed at reversing production declines and adding 80 bcf of recoverable reserves.

UNION COOP-

Budget retailer Union Coop reported net income of AED 53.3 mn in 3Q 2025, up 7.5% y-o-y, according to its financials (pdf). Total income rose 10.4% y-o-y to AED 542.4 mn. For the nine-month period, net income rose 6.7% y-o-y to AED 226.9 mn, with total income up 7.5% y-o-y to AED 1.7 bn.

By the sector: Retail sales reached AED 1.4 bn in 9M, up 6.7% y-o-y, while real estate income reached AED 134 mn, up 12.6% y-o-y, according to an earnings release (pdf). Active customers rose 19% and the number of new customers was up 66% y-o-y. The firm’s online sales increased by 27% during 9M as it opened four new shops and upgraded four more. In 4Q it is set to tap into the ready-meal segment through launching a Grab & Go service.

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