ADNOC LOGISTICS AND SERVICES-

Abu Dhabi National Oil Company Logistics and Services (Adnoc L&S) saw its bottom line rise 20% y-o-y to USD 211 mn (c. AED 773 mn) in 3Q 2025, according to an earnings release. The firm’s top line also grew 36% y-o-y to roughly USD 1.3 bn in the same period.

In 9M terms: Adnoc L&S’ net income rose 9% y-o-y to USD 631 mn in 9M 2025, while revenues for the period grew 39% y-o-y to USD 3.7 bn.

By the segment:

  • The firm’s integrated logistics segment saw its revenues rise 17% y-o-y to around USD 2 bn, on the back of higher chartering activity, high utilization, and favorable rates for jack-up barges, along with improved margins under the Integrated Logistics Solution Platform;
  • Meanwhile, the company’s shipping segment’s top line rose 99% y-o-y to around USD 1.5 bn due to the consolidation of returns from Navig8’s tanker fleet;
  • Lastly, the services division saw revenues increase 7% y-o-y to USD 269 mn on the back of higher volumes handled at the Borouge Container Terminal and the bigger returns from Navig8’s bunkering services.

Looking ahead: Adnoc L&S is holding firm on its 2025 financial targets for revenue and net income, thanks to the ongoing growth of its Integrated Logistics segment and the sustained performance of the shipping market, despite persistent global volatility. The company expects to close the year with annual revenue growth in the high 20%s and annual net income growth in the low-to-mid double digits.

DUBAI TAXI-

Dubai Taxi reported a 27.9% y-o-y rise in net income to AED 76.4 mn in 3Q 2025, according to its financials (pdf) and earnings release (pdf). Revenues grew 15% y-o-y to AED 585.3 mn, supported by higher trip volumes and fleet expansion. The company completed 13.1 mn trips during the quarter, up 7% y-o-y, while its total operational fleet reached 10.5k vehicles, including 401 fully electric taxis.

Net income for 9M 2025 rose 7.4% y-o-y to AED 265.4 mn, while revenues climbed 13% to AED 1.8 bn. The taxi segment remained the main revenue driver, with revenues up 12.3% y-o-y to AED 1.6 bn, while the delivery bike business nearly doubled to AED 53.1 mn.

Looking ahead, the taxi operator said growth remains underpinned by Dubai’s expanding tourism and population base. CEO Mansour Al Falasi told Asharq Business (watch, runtime: 11:20) the company is also exploring potential acquisitions in the transport sector and expanding into Abu Dhabi through its partnerships with Bolt and Keeta.

REMEMBER- DTC recently partnered with Kabi to integrate 9.9k vehicles across Bolt and Zed, giving it a 72% market share, and is supplying 500 delivery bikes to Keeta and installing 208 ultra-fast EV chargers with Dewa as part of its 2040 electrification plan. It is also open to a potential follow-on offering on the DFM, with any move dependent on market conditions and shareholder approval, Al Falasi said previously.

LULU RETAIL-

Lulu Retail saw its net income inch up 1.4% y-o-y to USD 35.96 mn in 3Q 2025, according to its financials (pdf). Gross income during the quarter was up 3.1% y-o-y to USD 448.9 mn. In 9M 2025, net income rose 7.1% y-o-y to USD 162.9 mn, while gross profit rose 4.5% y-o-y to USD 1.4 bn.

Revenues: Revenue for the quarter was up 2.0% y-o-y to USD 1.9 bn, according to its earningsrelease (pdf). On a nine-month basis, revenues were up 4.7% y-o-y to USD 6.0 bn, with overall sales growth “led by high demand for fresh food and electrical goods. Fresh food demand has been supported by Lulu’s growing e-commerce channels. This growth has been partially offset by slower demand for lifestyle goods,” the retailer said.

ADNIC-

AbuDhabi National Ins. Co. saw its net income increase 16.4% y-o-y to AED 119.4 mn during 3Q 2025, according to its financials (pdf) and management and analysis report (pdf). Its ins. revenues rose 6.7% y-o-y to AED 2.1 bn, supported by consistent growth across its ins. segments and solid underwriting performance, with net ins. service growing 23.9% y-o-y to AED 382.3 mn.

In 9M 2025, the company recorded a net income of AED 354.7 mn, up 15.2% y-o-y, while revenues rose 16.1% y-o-y to AED 6.1 bn, driven by a 17.2% y-o-y increase in gross written premiums to AED 7.2 bn.

DUBAI INS.-

Dubai Ins. reported a net income of AED 46.2 mn during 3Q 2025, a 370.9% surge from the previous year, according to its quarterly financials (pdf). Meanwhile, its revenues came in at AED 901.8 mn, up 20.4% y-o-y, and net ins. service came in at AED 35.2 mn, up 256.4% y-o-y. During 9M 2025, the company saw its net income rise 33.5% y-o-y to AED 139.5 mn, along with growth of 15.2% reaching AED 2.5 bn.

Its motor and general segment drove the majority of revenue growth, logging a total consolidated revenue of AED 1.7 bn in 9M, up 18.1% y-o-y, while the company’s life and medical segment contributed AED 836.8 mn in revenues, a 10% rise y-o-y.

ORIENT INS.-

Dubai-based ins. arm of Al Futtaim Group Orient Ins. saw its net income increase 28.9% y-o-y to AED 155.7 mn during 3Q 2025, according to its financials (pdf). Its revenues came in at AED 2.4 bn, a 24.4% increase from the previous year, while its net ins. service reached AED 137.2 mn, up 176% y-o-y. During 9M 2025, the company’s bottom line grew 22.7% y-o-y to AED 658.2 mn, while revenues went up 24.3% y-o-y to AED 6.9 bn.

The group’s strong revenue performance came alongside an increase in non-life ins. assets, which came in at AED 14.6 bn, up 11.8% y-o-y. Meanwhile, its life ins. assets rose 18% y-o-y to AED 3.1 bn, bringing the group’s total assets to AED 17.7 bn.

YALLA GROUP-

UAE-headquartered social media and gaming company Yalla Group’s net income came in at AED 149.5 mn in 3Q 2025, rising 3.9% y-o-y, while its revenues inched up 0.8% y-o-y to AED 329.1 mn, according to an earnings release. The company reported a high net margin of 45.4%, driven by strong revenue generation and disciplined cost management. During 9M 2025, the group reported a total revenue of AED 947.9 mn, up 3.7% y-o-y.

Underpinning the group’s performance was an increase in monthly active users, up 8.1% y-o-y to 43.4 mn, and the expansion of its gaming portfolio, the statement said.

AIR ARABIA-

AirArabia’s net income rose 16% y-o-y in 3Q 2025, reaching AED 656 mn, according to its financials (pdf). Revenues climbed 14% y-o-y to AED 2 bn. Over 5.9 mn passengers traveled across Air Arabia’s hubs in the UAE, Morocco, Egypt, and Pakistan during the quarter, up 16% y-o-y, with the average load factor rising four points to 85%, according to a separate earnings release (pdf).

On a nine-month basis, net income increased 13% y-o-y to AED 1.4 bn, while revenues climbed 10% to AED 5.5 bn. Passenger numbers rose 14% y-o-y to 16 mn during 9M 2025, with a stable 855 average seat load factor. Growth was supported by network expansion — 12 new routes launched year-to-date — and an expansion to its fleet, which now includes 88 Airbus A320 and A321 aircraft.

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