Hospitality group Five Holdings reported a net income of AED 34.8 mn in 1Q 2025, after incurring a loss of AED 3.7 mn during the same period last year, according to the company's financial statement (pdf). The hospitality group saw its top line grow 39.6% y-o-y to AED 495.9 mn.

Behind the growth: Revenues from its hospitality segment saw a 24% y-o-y uptick, making up AED 322 mn of total revenues, according to a separate earnings release (pdf). An 84% y-o-y increase in real estate revenues added AED 174 mn to the top line. Expanding operations and strengthening market position were cited as reasons behind the strong results for the firm, whose portfolio spans the UAE, Spain, and Switzerland.

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