Drake & Scull International announced a significant increase in its revenues for 2025, with a rise of over 100%, fueled by the acceleration of projects in its primary markets and the effective conversion of its backlog into sales.
The company’s revenue surged by 116% to AED224 million (approximately $61 million) for the previous year, as revealed in a statement to the Dubai Financial Market.
Based in Dubai, DSI is involved in construction and engineering operations.
It noted advancements in major infrastructure projects within the UAE, as well as the swift progress of water and wastewater initiatives through its German subsidiary, Passavant, in various global markets.
The net profit reached AED47 million in 2025. However, total assets saw a 6% decrease compared to the previous year, amounting to AED611 million. The company reported cash and bank holdings of AED235 million, according to the statement.
In light of ongoing regional instability, DSI mentioned that it has adopted contingency measures to safeguard its financial health and ensure operational stability. The conflict in Iran began on February 28.
On Monday, DSI’s shares dipped nearly 1% to close at AED0.214, marking a 15% decline since the start of the year.
