EMAAR-

Emaar’s net income climbs on strong property sales: Emaar Properties saw its net income after tax rise 35.3% y-o-y to AED 4.2 bn in 2Q 2025, according to its financials (pdf). Revenues climbed 26.7% y-o-y to AED 9.7 bn during the period, driven by solid performance across development, retail, hospitality, and international operations, according to a separate earnings release (pdf).

On a 6M basis, Emaar Properties’ bottom line rose 28.7% y-o-y to AED 8.9 bn in 1H 2025, while revenues increased 37.7% y-o-y to AED 19.8 bn.

Sales and backlog hit record highs: Property sales rose 46% y-o-y to AED 46 bn, pushing Emaar’s backlog to AED 146.3 bn, a 62% jump y-o-y indicating a positive outlook for future revenues. The backlog for developments in the UAE alone reached AED 128.6 bn. Emaar Development accounted for AED 40.6 bn of total sales, up 37% y-o-y, while the unit’s revenues saw yearly growth of 35% to around AED 10 bn. Meanwhile, Emaar’s international property sales more than tripled to AED 5.3 bn, driven by strong demand in India and Egypt.

Recurring revenues hold up: Malls and leasing generated AED 3.2 bn in revenue, up 14% y-o-y, while hospitality and entertainment brought in AED 2.1 bn. Total recurring revenue reached AED 5.3 bn in 1H, a 15% increase.

ADNOC GAS-

Adnoc Gas reported a 16% net income increase to USD 1.4 bn in 2Q 2025, according to the company’s management discussion and analysis report(pdf). The company closed the quarter with USD 6.0 bn in revenues — 2% lower on both a yearly and quarterly basis.

During 1H 2025, the company saw its bottom line rise 12% y-o-y to USD 2.7 bn, as contributions from the firm’s domestic gas segment continued to increase, the report read. Revenues came in flat during the period at USD 12.1 bn revenues amid a mixed pricing environment that saw Brent crude fall 14% y-o-y. On the other hand, LNG prices increased 27% y-o-y.

Behind the results: Adnoc Gas CFO Peter Van Driel also cited stable LPG prices amid oil price fluctuations and an increase in sulfur demand contributing up to AED 730 mn annually to its bottom line as factors driving growth during an earnings call.

Adnoc Gas is also ramping up capex investments to USD 20 bn over the next five years, up from the USD 15 bn it had previously earmarked, as it looks to increase its production capacity by 30% through projects including the Rich Gas Development project, Van Driel added.

Dividends: Adnoc Gas’ board approved distributing AED 6.6 bn (c. USD 1.8 bn) in dividends for 1H 2025, equivalent to 8.57 fils per share, according to a separate disclosure (pdf).

DUBAI ISLAMIC BANK-

Dubai Islamic Bank (DIB) posted a 12.8% y-o-y uptick in its bottom line after tax to AED 1.9 bn in 2Q 2025, according to the bank’s financial statements (pdf). The bank saw its revenues rise 5.2% y-o-y to AED 3.2 bn during the quarter.

On 1H basis: The lender saw its net income after tax rise 10.5% y-o-y to AED 3.7 bn, supported by 5% increase in its topline, driven by “strong volumes across all business lines,” according to the bank’s management and discussion analysis (pdf). DIB also reported a 5.2% y-o-y increase in its revenues to AED 6.4 bn. The bank’s customer base in the UAE surpassed 1.6 mn, marking a 4% YTD increase, while assets crossed the USD 100 bn mark for the first time.

AGTHIA GROUP-

Aghtia Group reported a 85.8% y-o-y drop in underlying net income to AED 10.2 mn in 2Q 2025, as profitability came under pressure from weaker margins in snacking and protein, according to its management discussion and analysis report (pdf). Revenues rose 5.9% y-o-y to AED 1.1 bn, supported by a 19.8% growth in the water and food segment and 5% growth in snacking.

1H bottom line also down: Underlying net income dropped 51.6% y-o-y to AED 96.3 mn in 1H 2025. Group-wide revenues fell 4% y-o-y to AED 2.4 bn, dragged by last year’s one-off wheat trading and the EGP devaluation.

Dividends: The board recommended an interim cash dividend of 10.31 fils per share.

DUBAI AEROSPACE ENTERPRISE-

Dubai Aerospace Enterprise (DAE) saw its bottom line surge 195.9% y-o-y, reaching USD 440.3 mn in 1H 2025, according to an financial statements (pdf). The firm’s revenues rose 24.2% y-o-y to USD 843.6 mn for the same period, which management attributes to rising maintenance returns and lease revenues from newly acquired aircraft.

The company expanded its fleet and network: The company onboarded 230 owned aircraft, managed six aircraft, and sold 28 owned aircraft and seven managed aircraft during the period, according to the statements. The total fleet size of its aircraft leasing division — DAE Capital — reached 731, with 30% of the fleet concentrated in the Americas, followed by 17% in Europe, and 15% in the Middle East. DAE completed its full acquisition of Ireland-based Nordic Aviation Capital (NAC) last May for an enterprise value of USD 2 bn. NAC’s fleet comprised 252 assets as of last September, leased to roughly 50 airlines in 40 nations.

Tags: