Emaar and Agility post robust 1H results

Emaar’s associate gains lift 2Q numbers

Robust contributions from core operations, its international presence, and continued project execution helped lift Emaar Properties’ 2Q revenues by 18.2% y-o-y to AED 11.5 bn, the company said in its earnings release. Its bottom line was up by 11.6% y-o-y to AED 4.7 bn, according to its financials (pdf).

For 1H, net income surged 25.6% y-o-y to AED 11.1 bn, while revenue grew by 20.5% to AED 23.9 bn. Stable occupancy from income-generating assets and a strong property sales revenue backlog, which reached AED 164.9 bn at the end of 1H, also boosted results.

Income from its jointly held and associated assets surged 335% y-o-y to AED 834.3 mn, in a significant lift to group earnings beyond its directly operated businesses. Its development backlog from UAE operations was up 6% y-o-y to close out 1H with AED 135.7 bn.

By sector: The developer’s international operations saw revenues of AED 1.1 bn, up 8% y-o-y, to bring in 4.6% of total revenues for 1H. Retail and commercial leasing saw a 9% uptick in revenues to AED 3.5 bn, as inflows to the hospitality and entertainment sector fell by 50% to AED 1.6 bn on slower tourism flows.

At home, revenues from UAE development rose 30% y-o-y to AED 17.7 bn in 1H, with property sales reaching AED 22.4 bn. The UAE’s revenue backlog was AED 135.7 bn, up 5.5% y-o-y.

Agility Global posts solid 2Q

Strong growth across Agility Global’s aviation and fuel-logistics segments pushed its net income 32% y-o-y to USD 57.8 mn in 2Q 2026, according to a financial release (pdf). The firm’s revenue also rose 26% to USD 1.5 bn.

What moved the quarter: Menzies Aviation led the quarter, with revenues up 31% y-o-y to USD 908 mn on contributions from G2, new contract victories, and higher yields, while aircraft turns rose around 8% and cargo volumes increased 7%. Tristar’s revenues climbed 22% on stronger fuel-business performance, while Agility Logistics Parks posted 47% revenue growth as newly completed facilities started generating income.

Six-month check: Agility Global’s net income in 1H 2026 rose 30% y-o-y to USD 97.5 mn, alongside a 25% y-o-y rise in revenues to roughly USD 3 bn. The lifts were supported by an increase in aviation-services revenue, which climbed 33% to USD 1.8 bn, and fuel-logistics revenue, which rose 16% to USD 797.2 mn.