- 2025 net profit rises by 41%
- Revenue reaches AED36 billion
- Ecommerce experiences 20% growth
Majid Al Futtaim Holding reported a significant increase in profit for 2025, with revenue growth evident across its shopping centers, hotels, and entertainment ventures.
The net profit surged by 41 percent compared to the previous year, totaling AED3.6 billion ($980 million). This growth was attributed to a 6 percent rise in annual revenues, amounting to AED36 billion, as stated by the Dubai-based mall developer and operator.
The company did not address the recent missile and drone attacks in the UAE by Iran, which have occurred since the US and Israel initiated operations against Iran on February 28.
Net revenue from shopping malls and hotels rose by 6 percent to AED4.8 billion, while earnings from the real estate development sector saw a remarkable 33 percent increase to AED5.8 billion.
The ecommerce division achieved a noteworthy 20 percent revenue growth, and revenue from entertainment increased by 9 percent, primarily driven by cinema operations.
Overall, revenues in the UAE experienced an 11 percent annual increase, surpassing AED22 billion.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed by 10 percent to AED5.1 billion, exceeding the AED5 billion threshold for the first time.
The company also reported generating AED3.5 billion in free cash flow, reflecting a 25 percent year-on-year improvement.
Net debt saw a 15 percent reduction since December 2024, now standing at AED11.9 billion.
According to Ahmed Galal Ismail, the CEO of Majid Al Futtaim Holding, “Our financial health is at its peak in over a decade.”
“Strong cash generation and an enhanced balance sheet instill confidence for our long-term investments,” he added.
Total assets were reported at AED71 billion.
Retailers in the Gulf region have expressed concerns, saying they are preparing for a potential downturn due to the regional conflict, which could disrupt supply chains and negatively impact tourism spending during the peak season.
“The immediate consequences include reduced foot traffic in malls and a noticeable shift in consumer spending from luxury items to essential goods,” stated Maire Morris, CEO of Morris Global Consulting, which focuses on brand and retail strategies.
