AD PORTS-

UAE-based port operator AD Ports Group saw its top line jump 15% y-o-y to AED 4.8 bn in 2Q 2025, driven by robust performance across all its segments, according to an earnings release (pdf). The company’s net income after tax was flat, gaining just 1% y-o-y to AED 445 mn, largely due to higher income taxes. This came as maritime revenues soared 20% y-o-y to AED 2.4 bn despite Red Sea disruptions.

The company also reported a solid 1H overall, with its top line surging 17% y-o-y to AED 9.4 bn and its bottom line rising 8% y-o-y to AED 908 mn.

Steady despite tensions: AD Ports believes it is well-positioned against uncertainties in the container shipping industry — such as escalating geopolitical and trade tensions — thanks to its mitigation strategy and resilient demand and spot rates, as well as a lack of exposure to North American routes, the company said. That being said, AD Ports still expects geopolitical conflict in the Red Sea to continue into 2026,

LULU RETAIL-

Lulu Retail saw its net income rise 1.8% y-o-y to USD 57.3 mn in 2Q 2025, according to its financials (pdf). Revenue for the quarter were up 4.6% y-o-y to USD 2.0 bn, which Lulu Retail said was “a function of like-for-like sales growth of 2.1% and new stores,” according to its earnings release (pdf).

In 1H 2025, net income rose 9.1% y-o-y to USD 127 mn, while revenues were up 5.9% y-o-y to USD 4.1 bn.

Market breakdown: Lulu said its revenue growth was driven by healthy performance across its footprint, particularly as demand for fresh food in the region remained strong. In the UAE — Lulu’s largest market — revenues rose 9.4% in 2Q 2025, while Saudi Arabia saw 3.8% y-o-y revenue growth, with “particularly high growth in sales of electrical goods,” along with new store openings. Kuwait also reported 4.9% y-o-y revenue growth, Qatar’s revenue grew 0.1% y-o-y, and revenue in Oman dipped 1% y-o-y “on account of flat supermarket sales which was driven by price declines although volumes were up.”

PRESIGHT-

Presight boasts record 1H revenues as 2Q momentum holds: ADX-listed data analytics firm Presight AI’s revenue surged 53.5% y-o-y to AED 523.9 mn in 2Q 2025, as net income climbed 11.5% y-o-y to AED 89.7 mn, according to its earnings report (pdf). This came on the back of strong backlog execution, new domestic agreements, and deployment from AIQ, in which it acquired a 51% stake in June 2024.

International markets’ revenue share soared to 26.8%, up from 4.9% in 2Q of the previous year. The company aims to nearly double its revenue share from international markets to 40%, up from last year’s 23%, CEO Thomas Pramotedham told us last year. Meanwhile, its backlog reached AED 3.7 bn as of the end of June, 3x its backlog the previous year.

In 1H 2025, Presight’s revenue hit AED 1.1 bn, up 80.2% y-o-y, helped by an uptick in sovereign AI contracts and landmark agreements across key growth sectors in the UAE — including with the National Media Office, Media Council, and Abu Dhabi Department of Energy. Pramotedham said his firm is a “key AI and digital transformation partner” across the Emirati federal government and state-owned enterprises.

Diversifying its global foothold: Presight recently opened a new office inAstana to strengthen its Kazakh energy partnerships — via its majority-owned unit, AIQ — and drive targeted expansion across Central Asia. The company also secured agreements for Malaysia’s Madani AI initiative and Uganda’s national digital government rollout.

FIVE HOLDINGS-

Luxury hospitality and entertainment group Five Holdings posted a net income of AED 58 mn in 2Q 2025, a 42% y-o-y increase, according to its financials (pdf). Revenues rose 9.4% y-o-y to AED 596.8 mn, led by hospitality, which alone delivered AED 548 mn in revenues, up 22.4% y-o-y, according to a separate earnings release (pdf). Meanwhile, real estate revenues fell 49.5% y-o-y, reaching AED 49 mn.

Net income reached AED 92.8 mn in 1H, up 150% y-o-y, while revenues reached AED 1.1 bn, up 21.1% y-o-y.

AL ANSARI FINANCIAL SERVICES-

AlAnsari Financial Services reported a net income of AED 103.4 mn in 2Q 2025, down 3.1% y-o-y, according to its financials (pdf). Total income for the quarter stood at AED 352.9 mn, up 17.7% y-o-y. For the first six months of the year, net income rose 3.3% y-o-y, reaching AED 212.2 mn. Total income reached AED 655 mn in 1H 2025, up 11.9% y-o-y.

Revenue growth was driven by results from the Bahraini forex firm it acquired in April, which positioned its subsidiary Al Ansari Exchange as the main currency exchange service in the UAE and Bahrain, and the third largest in Kuwait, according to a separate earnings release (pdf). Transaction volumes supported the growth, with total transactions up 10% y-o-y to 28 mn, outward remittances rising 12%, and banknote values increasing 105%.

Looking ahead, the group plans to launch Al Ansari Digital Wallet in 3Q 2025 and complete its acquisition of Al Ansari Exchange in Kuwait by the end of 3Q.

RAK CERAMICS-

RAK Ceramics’ net income rose 30.1% y-o-y to AED 66.4 mn in 2Q 2025, due to higher-margin products and operational efficiencies, according to its earnings release (pdf). Meanwhile, revenues in 2Q climbed 6.4% y-o-y to AED 826.8 mn on the back of strong demand within the UAE and Middle East. The ADX-listed company’s 1H net income inched up 1.2% y-o-y to AED 115.2 mn with revenues worth AED 1.6 bn, a 2.9% y-o-y rise.

The regional picture is mixed: Revenue share in European and Saudi Arabian markets declined, while revenues from the UAE and wider Middle East region surged by 33.4% due to demand from Bahrain, Iraq, and Jordan. Tiles remained the biggest revenue driver, bringing in AED 474.3 mn during the second quarter, supported by high-margin project and retail channels in the UAE, while sanitaryware sales rose 3.6%, according to the release.

SALIK-

Salik’s 2Q net income jumps on higher trips, variable pricing: Dubai toll operator Salik posted a net income of 400.2 mn in 2Q 2025, up 49.6% y-o-y, according to its earnings release (pdf). Revenues climbed 45.6% to AED 775.7 mn.

Behind the performance: Toll usage fees grew 49.4% to AED 691.3 mn during the quarter, boosted by the first full quarter of variable pricing and the addition of two new gates in November 2024. Total chargeable trips reached 160.4 mn, up 1.6% from 1Q despite it being a typically slower season.

In 1H 2025, net income rose 41.5% y-o-y to AED 770.9 mn, while revenues increased 39.5% to AED 1.5 bn. Toll usage fees for the period grew 42.3% to AED 1.4 bn, with total chargeable trips reaching 318.4 mn. Fines contributed AED 134.3 mn, up 15.7% y-o-y.

Looking ahead: Salik raised its FY 2025 guidance, now expecting revenue growth of 34-36% — up from 28-29% previously — and EBITDA margins of 68.5-69.5%, supported by strong tolling volumes and ancillary revenues from parking and partnerships.

Dividends: The board proposed an interim dividend of AED 770.9 mn, or 10.278 fils per share, equivalent to 100% of 1H net income. The company was also recently included in the MSCI Emerging Markets Index.

AIR ARABIA-

Air Arabia net income dips in 2Q: Air Arabia posted a net income after tax of AED 349.9 mn in 2Q 2025, down 10.3% y-o-y, according to its financials (pdf). Meanwhile, revenues rose 2.2% y-o-y to AED 1.7 bn as passenger numbers increased 15% to 5.1 mn across its hubs, the carrier said in a separate earnings release (pdf).

In 1H 2025, net income after tax inched up 3.7% y-o-y to AED 655.0 mn, while revenues rose 7.8% to AED 3.4 bn as passenger traffic climbed 13% to 10.1 mn, with an average seat load factor of 84%. The airline added two aircraft to its fleet, bringing the total to 83, and launched 13 new routes across the UAE, Morocco, Egypt, and Pakistan.

AMANAT HOLDINGS-

Amanat Holdings posts higher 2Q bottom line: Amanat Holdings reported a net income of AED 48.8 in 2Q 2025, up 19.4% y-o-y, according to its financials (pdf). Revenues rose 13.5% to AED 227.7 mn, driven by growth in the education segment, according to a separate earnings release (pdf).

In 1H 2025, net income came in at AED 93.2 mn, up 4.6% y-o-y, while revenues grew 13.1% to AED 468.4 mn. Education revenues climbed 23% y-o-y to AED 284.9 mn, supported by a 17% increase in student and beneficiary numbers to a record 23.9k. Healthcare revenues were only up 1% y-o-y to AED 183.4 mn, with growth in Dhahran and Khobar tempered by discontinued Covid-related programs.

REMEMBER- Post-period, Amanat agreed to sell the real estate assets of North London Collegiate School for AED 453 mn, as part of its strategy to focus on core healthcare and education operations.

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