TALABAT-

Talabat saw its adjusted net income rise 25% y-o-y to USD 116 mn in 2Q 2025, while management revenue rose 35% y-o-y to USD 982 mn, according to its earnings release (pdf). Talabat adjusted its net income for “material non-recurring items to allow for a like-for-like comparison,” including unrealized FX losses on a loan to Talabat Egypt and interest expense on loans and interest income. Gross merchandise value rose 32% y-o-y to USD 2.4 bn, Talabat said in the release.

Talabat’s adjusted EBITDA for the quarter came in at USD 166 mn, rising 31% y-o-y and equivalent to 6.8% of gross merchandise value, down 0.03 percentage points compared to 2Q 2024.

Adjusted net income in 1H 2025 was up 24% y-o-y to USD 215 mn, with management revenue rising 34% y-o-y to USD 1.8 bn. GMV during the first six months of the year was up 31% y-o-y to USD 4.5 bn, while adjusted EBITDA rose 32% y-o-y to USD 305 mn. Adjusted EBITDA for 1H inched up 0.1 percentage point to 6.8%.

Driving the growth: Talabat saw top line growth across its operations in the GCC and non-GCC markets, with growth in its food and grocery and retail verticals. “Demand growth reflected accelerated customer acquisition and increased average order frequency,” according to the release. “The UAE, our largest market, maintained its robust growth trajectory in line with the overall pace of the group. Kuwait, our most established market, delivered impressive growth of over 20% for both the quarter and the first half of the year. Likewise, our food vertical grew more than 20% y-o-y,” Talabat CEO Tomaso Rodriguez is quoted as saying.

Full-year guidance revised upwards: Talabat is now guiding on revenue growth coming in at 29-32% for the full year, revising that figure upwards from a previous range of 18-20%. The company also revised its GMV growth forecast to 27-29%, up from 17-18% previously. Adjusted EBITDA margin was revised to 6.5%, compared to previous forecasts of 6.5-7.0%.

ADNOC L&S-

Adnoc Logistics and Services (Adnoc L&S) saw its bottom line climb 14% y-o-y to USD 236 mn in 2Q 2025, while revenues surged 40% y-o-y to roughly USD 1.3 bn, according to an earnings release. These are the company’s highest-ever quarterly results, management said.

In 1H terms: The firm’s bottom line rose 5% y-o-y to USD 420 mn for 1H 2025, while its top line went up 40% y-o-y to USD 2.4 bn for the same period.

The breakdown: The integrated logistics division saw its revenues rise by about 22% y-o-y in 1H, contributing some USD 1.3 bn to the top line. The surge was largely due to higher demand and rates for its jackup barges, along with improved profitability from its Integrated Logistics Solution Platform and chartering activity. The shipping segment also saw its revenues surge 89% y-o-y to reach USD 981 mn despite industry-wide headwinds, which the firm attributed to operational efficiency and the consolidation of fleet revenues from the acquisition of Navig8.

Adnoc L&S updated its full-year guidance, raising its revenue growth forecast for 2025 to the “high 20%s,” up from its previous projection of the “mid-to-high 20%s.”For net income, it now expects “low to mid double digit y-o-y growth” instead of “low double digit y-o-y growth,” the release said.

The market is bullish on Adnoc L&S: Each of the 16 international financial institutions that cover Adnoc L&S have issued a “strong buy” or “buy” recommendation for the company, citing strong financials, along with its aggressive growth spree and potential. Wam reports. The recommendations come from analysts at HSBC, Morgan Stanley, which named it a top pick, and EFG Hermes, among others.

ABU DHABI NATIONAL INS. COMPANY-

Abu Dhabi National Ins. Company (Adnic) posted an 11% y-o-y increase in net income after tax to AED 115.7 mn in 2Q 2025, supported by growth in both ins. and investment income, according to its financials (pdf). Ins. revenue rose 14.3% y-o-y to nearly AED 2 bn, while net investment income for the quarter climbed 9.6% to AED 71 mn.

For the first half of the year, net income rose 14.7% y-o-y to AED 235.3 mn, while ins. revenue reached AED 4 bn, up 21.7% y-o-y. Net investment income was up 19.5% to AED 142.4 mn, buoyed by contributions from its KSA subsidiary Mutakamela Ins. and a shift towards more liquid and higher-yielding assets, according to a separate earnings release (pdf). Adnic’s gross written premiums grew 25.7% y-o-y to AED 5.5 bn, driven by targeted expansion in select segments and regions.

E7 GROUP-

E7 Group posted a net income of AED 11.6 mn in 2Q 2025, down 82.1% y-o-y, though revenues from customer contracts rose 1.8% y-o-y to AED 177.9 mn, according to its financials (pdf). The drop was largely due to a negative AED 30.7 mn fair value adjustment on warrants versus an AED 10.8 mn gain a year earlier, according to a separate earnings release (pdf).

On a six-month basis, net income fell 66.5% y-o-y to AED 30.6 mn in 1H 2025. Revenues stood at AED 291.6 mn, down 3.1% y-o-y. The drop came on the back of revenue phasing — changes in how and when revenues are recorded — particularly in the education-linked printing and logistics segment.

Dividends: The board approved a one-off AED 800 mn special dividend and pledged a minimum annual dividend of 10 fils per share for FY 2025-27, alongside a warrant repurchase at AED 2.40 per warrant.

AGILITY-

ADX-listed logistics firm Agility Global saw its revenues rise some 8.3% y-o-y to USD 1.2 bn in 2Q 2025, driven by solid operational performance across all segments and heightened demand for its services, according to an earnings release (pdf). The firm’s net income attributable to equity holders dropped from USD 29.8 mn to USD 24 mn during the six-month period, according to its financials (pdf).

The breakdown: Menzies Aviation saw its revenue increase 9% y-o-y to USD 691 mn in 2Q 2025, on the back of boosted volumes from new operations in Portugal and Spain and steady cargo volumes across its regions of operation. Meanwhile, Agility’s fuel logistics arm Tristar reported a 17.3% y-o-y hike in its top line to USD 346 mn, which the firm attributed to its new retail fuel business in Sri Lanka. Agility Logistics Parks’ top line also recorded a 13% y-o-y jump to USD 14 mn in 2Q, citing strong demand for warehousing in Saudi Arabia, which has pushed occupancy rates above 90%.

The company also reported strong 1H revenues, surging 12% y-o-y to reach USD 2.3 bn. The firm’s bottom line for equity holders settled at around USD 45 mn, down from USD 60.3 mn a year earlier, during the same period.

YALLA GROUP-

UAE-headquartered social media and gaming company YallaGroupsaw its net income increase 16.4% in 2Q 2025, reaching USD 36.5 mn, according to its financials (pdf). Revenues increased 4.2% y-o-y to USD 84.6 mn on the back of chatting services, which raked in USD 53.6 mn, and gaming services revenues, which contributed USD 30.7 mn. On a six-month basis, net income reached USD 72.9 mn, up 16.7% y-o-y. Revenues grew 5.3% y-o-y to USD 168.4 in 1H 2025. Management expects the firm to rake in USD 78-85 mn in revenues in 3Q 2025.

ALPHA DATA-

Abu Dhabi-based IT services provider Alpha Data’s net income edged down 4.8% y-o-y to AED 45 mn in 2Q 2025, according to its financials (pdf). Revenues also declined 6.7% y-o-y to AED 709.9 mn.

In 1H 2025, net income rose 11.4% y-o-y to AED 76.9 mn, with revenues up 11.5% to AED 1.3 bn, driven by increased demand for its AI and digital transformation solutions and its expansion in Saudi Arabia, according to a separate earnings release (pdf). The company reaffirmed FY 2025 guidance for low- to mid-teens revenue growth.

Dividends: The company’s board has recommended total FY 2025 dividends of AED 130 mn, payable in two equal installments in October 2025 and April 2026.

REFRESHER- Alpha data raised AED 600 mn from its IPO in March through a 40% stake offering.

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