logo
Abu Dhabi National Hotels reports 41% higher revenues in H1-25

Abu Dhabi National Hotels reports 41% higher revenues in H1-25

Zawya15 hours ago
Abu Dhabi National Hotels (ADNH) posted net profits worth AED 278.46 million in the first half (H1) of 2025, marking a year-on-year (YoY) plunge from AED 1.15 billion.
Revenues from contracts with customers hiked by 41% to AED 1.72 billion in January-June 2025 from AED 1.22 billion in H1-24, according to the interim financial results.
Basic and diluted earnings per share (EPS) attributable to ordinary shareholders of the parent fell to AED 0.02 in H1-25 from AED 0.09 as of 30 June 2024.
Financials for Q2
In the second quarter (Q2) of 2025, the net profits of ADNH declined to AED 122.06 million from AED 129.42 million in Q2-24.
The revenues from contracts with customers rose to AED 845.79 million in Q2-25 from AED 772.13 million in the same period of 2024, while the EPS remained unchanged at AED 0.01.
The CEO of Abu Dhabi National Hotels, Khalid Anib, stated: "With the successful integration of recent acquisitions and the growing demand for both hospitality and catering, we are well-positioned to sustain our momentum throughout the year.'
In Q1-25, ADNH reported lower net profits at AED 156.40 million, against AED 1.02 billion in Q1-24.
All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gulf Business gears up for debut Saudi summit on 3 September
Gulf Business gears up for debut Saudi summit on 3 September

Gulf Business

time3 minutes ago

  • Gulf Business

Gulf Business gears up for debut Saudi summit on 3 September

Gulf Business is set to host its first-ever event in Saudi Arabia with the launch of the Saudi Business and Investment Summit, taking place on September 3, 2025, at the Sheraton Riyadh Hotel & Towers. As the Kingdom accelerates its economic transformation under Vision 2030, the summit will gather influential voices from government, private enterprise, and global institutions to explore the key drivers behind Saudi Arabia's sustained growth. The event is designed to serve as a strategic platform for dialogue, knowledge exchange, and high-level networking around the evolving opportunities in the Saudi market. Register to attend : View the full agenda : Themed 'Saudi Rising: Key Driving Forces behind the Kingdom's Economic Growth', the half-day summit will highlight the role of innovation, public-private collaboration, regulatory reform, and sector-specific investment in positioning Saudi Arabia as a globally competitive economy. Attendees can expect an event filled with expert-led panels, keynote sessions, and fireside conversations with some of the most influential names shaping the Saudi's business arena. Confirmed speakers include Charbel Sarkis, country director, Google Saudi Arabia; Michael Champion, CEO, Tahaluf; Saud Adham, director of policy & innovation, Ministry of Culture, Saudi Arabia; Turki Alsubaihi, CEO Public Transport, SAPTC; and Main Canaan, general manager, GE Aerospace Middle East, and many more. The summit agenda is anchored in actionable insights and real-world case studies that explore how businesses—local and international—can navigate and capitalise on Saudi Arabia's rapid transformation. From localisation and market entry to strategic partnerships and digitalisation, the discussions will cover key themes relevant to any business aiming to operate or expand within Saudi Arabia. This milestone summit marks an expansion of Gulf Business ' regional footprint and reinforces its commitment to supporting economic dialogue and business intelligence across the GCC. For partnership and sponsorship enquiries, contact Manish Chopra at .

IHC delivers strong first half of year with Dh10.8bn net profit
IHC delivers strong first half of year with Dh10.8bn net profit

The National

time3 minutes ago

  • The National

IHC delivers strong first half of year with Dh10.8bn net profit

International Holding Company, the UAE's most valuable listed company, posted Dh54.7 billion ($14.89 billion) worth of revenue and Dh10.8 billion in group net profit in the first half of 2025, driven by the "disciplined execution of strategic investments and a high performing second quarter". This marks a 31.1 per cent rise in revenue from Dh41.7 billion in the corresponding period of 2024, the company said in a filing to the Abu Dhabi Securities Exchange, where its shares are traded. The global investment company also posted a 55.3 per cent per cent jump in second-quarter net profit to Dh6.7 billion. Key contributors to this term's top-line growth and margin expansion included real estate, marine and dredging, hospitality and leisure, along with financial services, the company said. 'Our first half results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda,' Syed Shueb, chief executive of IHC, said. 'By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.' The Abu Dhabi-headquartered conglomerate is a frontline company in the emirate's push to diversify its non-oil business sectors and has grown rapidly to become one of the most valuable listed holding companies in the broader Middle East and North Africa region. IHC has been on an investment spree, buying businesses as well as acquiring fast-growing companies over the past few years in the UAE as well as in markets across continents. IHC delivered multiple strategic initiatives across key sectors, including the launch of Gridora, a national infrastructure platform in partnership with Abu Dhabi's state holding company ADQ and Modon for the development of new infrastructure projects in the UAE and markets around the globe. Our first half results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda Syed Shueb, chief executive, IHC It also unveiled RIQ, a $1 billion global reinsurance platform, developed in partnership with the world's biggest asset manager BlackRock and Lunate. The company also established a new holding company 2PointZero with more than $27 billion in assets in January 2024. It also pioneered a UAE dirham-backed stablecoin in collaboration with ADQ and First Abu Dhabi Bank. Real estate and construction contributed significantly to IHC's revenue, delivering Dh22.6 billion, up 47.8 per cent year on year. This was driven by the ongoing demand for inventory and the launch of new development projects, which contributed 41.4 per cent of total revenue, the company said. Marine and dredging posted Dh14.1 billion in revenue, a 10.1 per cent annual increase, indicating greater project activity and international expansion, IHC said. Hospitality and leisure achieved a 72 per cent increase at Dh4.9 billion. In May, IHC said that it aims to double its asset base to Dh800 billion and hit the Dh200 billion annual revenue mark by the end of the decade, driven by its acquisition spree, according to Mr Shueb. The company, whose board is chaired by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, is keen to expand its portfolio of assets in the US, India and fast-growing economies in the Central Asian region. It also unveiled a homegrown online market place for artificial intelligence that provides access to key AI hardware and software. The Saif platform – introduced at the Make it in the Emirates summit in Abu Dhabi – is being billed as the 'first-ever Emirati AI marketplace agent' and allows local and overseas developers to directly buy graphics processing units, AI modules and AI stack designs to create large language models, IHC said. Founded in 1999, IHC operates through more than 1,300 subsidiaries and aims to expand and diversify its holdings in sectors including asset management, health care, property and construction, marine and dredging, IT and communications, financial services, food production, utilities and services. Some of the companies under its umbrella include Abu Dhabi's biggest listed developer Aldar Properties, Modon Properties, Adnec Group, Presight, Al Seer Marine and NMDC Group.

UAE's PMI slips to lowest level in four years over geopolitical tensions
UAE's PMI slips to lowest level in four years over geopolitical tensions

Zawya

time3 minutes ago

  • Zawya

UAE's PMI slips to lowest level in four years over geopolitical tensions

Geopolitical headwinds continued to weigh on non-oil activity in the UAE, with July's Purchasing Managers' Index (PMI) slipping to its lowest level in four years. The seasonally adjusted S&P Global UAE dropped more than a point to 52.9 in July, down from the previous month's 53.5, implying the rate of growth was softer than the survey's long-run trend. The survey signalled the weakest growth in non-oil business conditions since June 2021, as regional tensions continued to weigh on sales. A further slowdown in new business growth made some clients hesitant to commit to new spending, the report said. Hiring and purchasing growth also suffered, while output expanded sharply as firms sought to prevent further increases in backlogs of work. Additionally, a quicker rate of cost inflation led to a fresh rise in average prices charged. Despite higher orders compared to June, survey panellists were weighed down by weaker tourism activity and global trade disruptions. 'New order volumes helped firms to expand, but this trend is declining, with the latest data indicating the softest rise in incoming new work in almost four years,' David Owen, Senior Economist at S&P Global Market Intelligence, said. 'While survey members partly link this slowdown to tensions between Iran and Israel, which has made some clients hesitant to spend, there were also many suggesting that markets are becoming more crowded, making it increasingly difficult to secure new orders,' he added. The PMI for July indicated overall increase in output remained strong, with some firms reporting output increased in response to new sales opportunities, rising client incomes, and the clearance of pending work. Employment rose slightly, but marked the weakest uplift in four months, coinciding with a steeper rise in outstanding business. Stocks of inputs fell for the third time in five months, which was partly linked to backlog clearance efforts and some delays in the receipt of supplied items. Higher costs for shipping, raw materials, wages and capital, also weighed on firms, with the overall rise in input prices being the fastest since April. Projections for future activity remained optimistic in July, driven by hopes of strengthening demand levels. However, the degree of confidence eased slightly, as some companies highlighted risks stemming from global economic uncertainty and heightened competition. 'Should regional tensions ease, we may see a recovery in sales growth in the coming months… Nevertheless, the ongoing trends of rising competition, limited inventory, constrained hiring growth and relatively low confidence among surveyed firms suggest that downside risks remain elevated,' Owen added. Dubai PMI The Dubai non-oil private sector rose in July, rising to 53.5 from a 45-month low of 51.8 in June, amid a recovery in demand growth. The survey attributed new orders to the recovery, which indicated a sharper improvement in sales volumes compared to June. Survey participants reported better business conditions and an increase in new client enquiries. As a result, Dubai non-oil firms expanded output at the sharpest rate in five months while continuing efforts to increase employment and inventories. The survey indicated that although input costs rose at the fastest pace since April, overall inflationary pressures remained relatively modest. Consequently, non-oil firms raised their selling prices at the slowest rate in eight months. (Writing by Bindu Rai, editing by Brinda Darasha)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store