Binghatti Holding nearly doubles its net income

Binghatti had a big year in 2025, with the Dubai developer reporting a 95.6% y-o-y surge in net income to AED 3.6 bn for the year, according to its financials (pdf). Revenue from contracts with customers climbed 95.8% y-o-y to AED 12.4 bn. Results came on the back of a one-off AED 46.9 mn fair value gain on investments, as well as a 76.1% uptick in finance income. Binghatti had posted a 151.7% bottom-line jump for 2024.

Proof on the ground: The results come during an active stretch, including the launch of an AED 30 bn branded residence project in Meydan in partnership with Mercedes-Benz, and reports of tapping banks for a possible IPO. Total assets rose 91.8% y-o-y to AED 24.4 bn, the filing shows.

Ghitha Holding posts AED 89.9 mn net income in 2025

Agriculture and food platform Ghitha Holding reported a net income of AED 89.9 mn last year, down from AED 2.7 bn the year before, according to its financials (pdf). The downturn came as a 11.0% uptick in the cost of sales muted a 13.5% top-line boost to AED 5.6 bn, while the previous year’s results benefited from a one-off AED 2.7 bn gain on a subsidiary derecognition.

2025 snapshot: Improved cost efficiency and discipline, alongside a favorable product mix helped drive results for the year — which also saw solid expansion across core business lines and contributions from acquisitions, the firm said in a separate earnings release (pdf). Last year saw five local food brands consolidated under Al Ain Farms Group, backed by Ghitha, and Ghitha itself became a listed subsidiary of 2PointZero Group following a merger combining 2PointZero, Multiply Group, and Ghitha Holding into an AED 120 bn entity.

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