ADNOC DISTRIBUTION -

Adnoc Distribution posted an 8.6% y-o-y growth in its net income to AED 677 mn in 2Q 2025 as fuel volumes grew, with sales rising by a record 10.3% y-o-y, according to its analysis report (pdf). Net income was also buoyed by lower finance costs. The firm’s 2Q revenues fell 1.7% y-o-y to AED 8.6 bn due to a global decline in crude oil prices, though it was partially offset by the growth in fuel volumes and bigger contributions from its non-fuel retail segment.

In 1H 2025, the company recorded a double-digit bottom line growth of 12.2% y-o-y to AED 1.3 bn, while revenues declined by 2.4% y-o-y to AED 17.1 bn. Adnoc Distribution also reported its highest first-half EBITDA at AED 2.1 bn with a y-o-y growth of 10%.

Looking ahead: Adnoc’s fuel retail arm now expects to add 60-70 new stations to its regional network by year-end, after adding 47 stations and achieving its earlier full-year guidance in 1H 2025, the report said.

Dividends: The company is set to pay AED 1.3 bn in dividends for 1H 2025 in October, subject to the board’s approval.

SPACE42-

ADX-listed space tech firm Space42 reported a normalized net income of USD 53 mn in 1H 2025, flat y-o-y, with margins improving by 4 percentage points to 23%, according to its earnings presentation (pdf). Revenues for the half dropped 17% y-o-y to USD 226 mn, which it attributed to the underperformance of its business unit, Smart Solutions, due to the timing of multi-year contracts, it said in a separate earnings release (pdf).

New funding avenues: Contracted future revenues currently stand at USD 6.8 bn, with the company signing a five-year MoU with Microsoft and Esri to map all 54 African nations using AI. The firm already secured USD 695.5 mn in July.

Space Services to drive 2H momentum: The AI-powered firm’s Space Services posted 2% y-o-y revenue growth in 2Q 2025, reaching USD 100 mn, with expansion into the oil and gas sector, according to the earnings release. The Thuraya-4 satellite is also expected to begin commercial operations in 2H, while progress has been made on its direct-to-device messaging and IoT solution, with key milestones set to be announced in 2H 2025.

SPINNEYS-

Retail giant Spinneys saw its net income rise 18.5% y-o-y to AED 85.1 mn in 2Q 2025, while revenues grew 16.2% y-o-y to AED 909.7 mn, according to an earnings report (pdf). In 1H 2025, net income grew 16.2% y-o-y to AED 170.2 mn, while revenues increased 13.7% to AED 1.8 bn, on the back of increased like-for-like sales from new stores across the UAE and Saudi Arabia. Sales were also buoyed by a new private label range, as well as higher online penetration.

More to come: After six new stores in 1H 2025, the retailer plans to add at least four to six more by the end of the year, the report said. It expects annual revenue growth to come in between 9-11%.

Dividends: Spinneys’ board approved an AED 120 mn interim dividend for 1H 2025.

BURJEEL-

Health services provider Burjeel saw net income surge 128.9% y-o-y to AED 148 mn in 2Q 2025, according to its earnings release (pdf). Revenues climbed 18.7% to AED 1.4 bn during the quarter, driven mainly by a 12% rise in patient footfall and increase in high value services like advanced oncology and mental wellness initiatives.

Revenues from its oncology segment expanded by 36% y-o-y in 2Q. Its hospitals contributed 89% to total 2Q revenues, followed by medical centers, which added AED 121 mn to the top line.

1H 2025: Burjeel’s bottom line for 1H rose by 10.6% y-o-y to AED 187 mn in the first half of the year. Revenues expanded by 12.1% y-o-y to AED 2.6 bn in 1H.

PARKIN-

Dubai parking operator Parkin saw its net income increase 56% y-o-y to AED 148.4 mn, while revenues also increased 56% y-o-y to AED 320 mn as Parkin’s new variable parking tariff policy took effect, according to its earnings release (pdf). Transaction volumes were also up 15% y-o-y, as were sales cards, while Parkin continued to expand its parking coverage across the emirate, adding 11.1 new spaces to its portfolio.

In 1H 2025, its revenues grew 41% y-o-y to AED 593.3 mn, while net income came in at AED 285 mn, up 43% y-o-y.

Looking ahead: The firm has inked contracts with the Islamic Affairs & Charitable Activities Department and Dubai Holding to expand its parking portfolio further to a total of c.31.7k space. It now expects to add another 2.5ks spaces before year’s end.

ARAMEX-

Aramex’s profitability hit by shifts in global trade: Regional logistics giant Aramex saw its normalized net income — excluding one-off expenses associated with restructuring and its acquisition by AD Ports — rise 87% y-o-y to AED 5.4 mn, according to its earnings release (pdf). On a non-normalized basis, it turned a loss of AED 9.3 mn. The logistics firm’s revenues remained flat at AED 1.5 bn, as the company shifted its product mix amid a broader nearshoring trend, which has hit its international business but boosted its domestic segment.

In 1H 2025, normalized net income came in at AED 32.9 mn, down 34% y-o-y, while revenues inched up 1% y-o-y to AED 3 bn.

Breaking it down: Revenues from domestic operations were up 12% y-o-y in 2Q, and 13% y-o-y in 1H 2025. Meanwhile, international revenues fell 16% y-o-y during the quarter, and 15% y-o-y in 1H 2025.

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