Tourism slump knocks ADNH 1Q earnings + the picture is still solid at Rakbank
ADNH saw its net income dip 31% y-o-y
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ADNH saw its net income dip 31% y-o-y
The company returned to profitability last year, allowing it to meet Nasdaq’s requirements to remain listed on the exchange
Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn
The company posted revenues of AED 3.7 bn, up 9.1% y-o-y
Earnings rose 41% in 2025, with property and digital businesses doing much of the heavy lifting
Ports are still doing the heavy lifting — with total group gross throughput rising 5.8% to 93.4 mn TEUs
Property sales from its Ras Al Khor plots gave an AED 2.1 bn boost
ADQ-owned F&B firm Agthia reported AED 239.8 mn in net income during 2025, marking a 27.5% y-o-y decline, according to…
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