ADQ-backed developer Modon Holding saw its net income reach AED 3.9 bn in 2025, a 19.9x y-o-y increase excluding one-off gains, according to its latest earnings release. The firm reported revenues of AED 13.8 bn, a 2.1x y-o-y increase, driven by real estate growth and strategic acquisitions.

As the company’s main growth driver, real estate revenues rose to AED 7.4 bn last year, marking a 2.6x y-o-y increase. As for real estate sales, they jumped 2.8x y-o-y to AED 36.3 bn across Modon’s portfolio, which spans Abu Dhabi, Egypt, and Spain.

ICYMI- The developer saw some ownership shuffles late last year, with Abu Dhabi government-owned L’imad Holding Company snapping up a 42.5% stake from International Holding Company subsidiaries.

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