{"id":103540,"date":"2025-05-12T00:00:00","date_gmt":"2025-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/earnings-season-has-yet-to-let-up\/"},"modified":"2025-05-12T00:00:00","modified_gmt":"2025-05-12T00:00:00","slug":"earnings-season-has-yet-to-let-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/12\/earnings-season-has-yet-to-let-up\/","title":{"rendered":"Earnings season has yet to let up"},"content":{"rendered":"

AD PORTS-<\/p>\n

Abu Dh<\/strong>abi-based port operator AD Ports Group saw its net income increas<\/strong>e 16% y-o-y to AED 463.5 mn in 1Q 2025<\/strong>, <\/strong>according to an earnings release (pdf)<\/a>. The company\u2019s revenues climbed 18% y-o-y to AED 4.6 bn during the same period, which it attributed to strong performance across three divisions: maritime and shipping (its largest single contributor), port clusters, as well as its economic and freezones segment.<\/p>\n

Anything but still waters ahead:<\/strong> AD Ports believes it is well positioned amid the uncertainty currently abounding in the container shipping industry, following the US\u2019 blanket tariffs announced in early April<\/a> \u2014 and subsequent pause<\/a> \u2014 as well as geopolitical tensions, the company noted. AD Ports expects that geopolitical conflict in the Red Sea will continue into 2026, making the return of global shipping to the waterway doubtful. <\/p>\n

DUBAI INVESTMENTS-<\/p>\n

Dubai<\/strong> Investments posted a net income of AED 167.2 mn for 1Q 2025<\/strong>, marking a 48.8% y-o-y increase, according to its financials (pdf)<\/a>. The revenues for the quarter reached AED 822.9 mn, up 3.9% y-o-y.<\/p>\n

Driving the growth: <\/strong>Growth was largely driven by higher rental income and strong occupancy rates, the company said in a separate earnings release (pdf)<\/a>. <\/p>\n

PARKIN-<\/p>\n

Dubai\u2019s<\/strong> public parking operator Parkin saw its net income rise 31.6%<\/strong>, reaching AED 136.6 mn in 1Q 2025, according to its financials (pdf)<\/a>. The company\u2019s revenue increased to AED 273.3 mn, up 27% y-o-y, led by higher public and developer parking income, a 41% increase in seasonal card sales, and a 56% surge in enforcement proceeds, according to its earnings release (pdf)<\/a>.<\/p>\n

The company added 11.7k new parking spaces<\/strong>, a 6% increase that brings the total parking capacity to 209k spaces.<\/p>\n

EMPOWER-<\/p>\n

Em<\/strong>power posts marginal 1Q growth:<\/strong> District cooling provider Empower reported a 12.5% y-o-y drop in net income to AED 144.8 mn in 1Q 2025, according to its financial statements (pdf)<\/a>. Revenues for the quarter edged up 0.4% y-o-y to AED 540 mn.<\/p>\n

Behind the numbers:<\/strong> Empower inked 46 new contracts during 1Q 2025 to supply over 43k refrigeration tons (RT), bringing its total contracted capacity to 1.81 mn RT, and its connected capacity exceeded 1.58 mn RT after adding more than 15k RT during the quarter. <\/p>\n

ABU DHABI NATIONAL HOTELS- <\/p>\n

Abu<\/a><\/strong><\/a><\/strong>Dhabi National Hotels<\/a><\/strong>\u2019 (ADNH) b<\/strong>ottom line narrowed <\/strong>84.7<\/strong>% y-o-y<\/strong> for 1Q<\/strong> 2025<\/strong> to AED 156.4 mn, according to its financials (pdf)<\/a>. The sharp y-o-y decline comes on the back of a one-off AED 916 mn equity interest gain in 1Q 2024<\/a>. On a normalized basis, net income rose 49% y-o-y. The company\u2019s revenues for the quarter saw a 93.8% y-o-y increase to AED 881.5 mn. <\/p>\n

The company\u2019s performance this quarter was driven by robust operational performance<\/strong>, and growth in its hotel operations, the company said in a separate <\/span>management, discussion, and analysis report (pdf)<\/a>. The <\/span>acquisition<\/a> of Compass International\u2019s catering stake in the UAE, and its <\/span>full acquisition<\/a> of Food Nation Catering Services drove the uptick in revenues.<\/span><\/p>\n

SHARJAH CEMENT AND INDUSTRIAL DEVELOPMENT- <\/p>\n

Sharjah<\/a><\/strong><\/a><\/strong>Cement and Industrial Development<\/a><\/strong> reported a net income of AED 15<\/strong>.5 <\/strong>mn for 1Q 2025<\/strong>, a 83.5% y-o-y increase, according to its financials (pdf)<\/a>. Revenue for the quarter rose to AED 177.99 mn, up 6.2% y-o-y. Top line growth was driven by higher sales volumes, while a reduction in raw material and energy costs bolstered its bottom line, according to a separate management report (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AD Ports | Dubai Investments | Parkin | Empower | Sharjah Cement and Industrial Development | Abu Dhabi National Hotels Company<\/p>\n","protected":false},"author":1,"featured_media":103541,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[402,21,681,237,708,7,183,862],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-abu-dhabi-national-hotels-company","tag-ad-ports","tag-dubai-investments","tag-earnings-watch","tag-empower","tag-enterpriseam-uae","tag-parkin","tag-sharjah-cement-and-industrial-development","wpautop","entry"],"acf":{"mongo_id":"42a292f7-63be-435c-a3b2-9e4276d514bd","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1166.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports, Dubai Investments, Parkin and more report 1Q 2025 earnings","related_issue":[103522],"teaser":"AD Ports | Dubai Investments | Parkin | Empower | Sharjah Cement and Industrial Development | Abu Dhabi National Hotels Company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4fc985a6-af05-4620-ad1d-397319bcd6b0.mp3"},"yoast_head":"\nEarnings season has yet to let up - 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