UAE: Agility Global's net profits fall to $75mln in H1-25
The group reported basic and diluted earnings per share (EPS) amounting to 0.44 cent in H1-25, compared to 0.59 cent in H1-24, according to the financial results.
In the first six months (6M) of 2025, revenues from contracts with customers reached $2.34 billion, up year-on-year (YoY) from $2.08 billion.
Financials for Q2
During the second quarter (Q2) of 2025, the ADX-listed company generated net profits valued at $43.68 million, versus $43.60 million in Q2-24.
Revenues from contracts with customers jumped to $1.20 billion in Q2-25 from $1.10 billion, while the basic and diluted EPS decreased to 0.24 cent from 0.29 cent.
In the 12-month period that ended on 31 December 2024, Agility Global unveiled net profits valued at $128 million.
All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
21 minutes ago
- Zawya
Red Sea Global mulls IPO, REITs as resort openings gain pace
Red Sea Global, the developer behind the regenerative Saudi tourism destinations The Red Sea and Amaala, is considering a range of alternative financing options in the near future, including an initial public offering (IPO) or converting assets into real estate investment trusts (REITs), reported Arab News, citing its CEO John Pagano. However, Pagano reiterated that no final decisions have been made in this matter, stated the report. This comes at a time when the company is fully focused on leveraging current momentum, with resorts now operational and more hotel openings expected this year. Shoura Island, the flagship of the Red Sea destination, will welcome guests this year at 11 luxury resorts operated by global hospitality brands, including Rosewood, Four Seasons, Grand Hyatt, Edition and Raffles. Construction at the wellness-focused Amaala project is also progressing rapidly, with core infrastructure complete and its first hotels nearing launch, Pagano said. Six resorts have opened under the Red Sea destination so far, including Desert Rock and Shebara, which are fully owned and operated by Red Sea Global. The exclusive Thuwal Private Retreat has also been unveiled as the company's third destination. Red Sea Global has also launched residential offerings on Shoura and Ummhat islands, in addition to announcing Lahak Island earlier this year, which drew strong local and international attention, said the Arab News report. Amaala is set to open by the year-end and will feature wellness and hospitality brands such as Jayasom, Six Senses, Rosewood, Equinox, and Clinique La Prairie. The destination aims to deliver experiences centered on healing, exploration, and renewal, it added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Gulf Business
21 minutes ago
- Gulf Business
e& tops UAE 5G performance charts, says report
In the latest The flagship telco arms of e& group scored 66 per cent in Consistent Quality, significantly ahead of its rival du by 12.4 percentage points. This metric reflects e&'s ability to deliver seamless performance for data-heavy activities like high-definition video calls and fast uploads. e& also secured 879 points for Reliability Experience (on a scale of 100 to 1000), underscoring the network's strength in delivering dependable service for essential mobile tasks. While du managed to claim a single win in Availability, the difference between both operators remained minimal, with scores above 99 per cent. World record for 5G uplink: A global first Taking innovation to new heights, e& UAE set a world record by reaching 600Mbps uplink speed on a live 5G network. According to a 'This isn't just a technological breakthrough, it's a launchpad for businesses and individuals to reshape the digital world, cementing the UAE as a global tech leader,' said Abdulrahman Al Humaidan, vice president of Fixed Access Network at e& UAE. The record paves the way for uplink-heavy applications in sectors such as smart manufacturing, AI logistics, and critical communications, marking a major leap toward 5G-Advanced adoption. Enterprise-grade 5G slicing debuts in UAE Designed to align with the UAE's 'We the UAE 2031' digital vision, this slicing solution enables low-latency, high-priority data streams specific to business needs. The launch follows e&'s evolution from 5G Non-Standalone (NSA) in 2019 to 5G Standalone (SA) in 2023, reflecting a sustained commitment to pushing telecom boundaries. Ericsson deal to expand 5G RAN To expand its capabilities, e& UAE signed a three-year agreement with Ericsson to enhance its 5G radio access network (RAN). The partnership aims to grow network capacity, extend 5G coverage, and prepare for future innovations such as 5G-Advanced. Testing is already underway in the 600MHz and 6GHz bands. The 600MHz band has demonstrated superior long-range performance, up to 6km, while the higher band has achieved download speeds reaching 10Gbps, offering a glimpse into the future of ultra-fast mobile connectivity. These technological advances are taking place against the backdrop of the UAE's growing international recognition for its digital transformation strategy. According to the A du also moves forward with 5G-Advanced While e& leads the race, du is also progressing in 5G. It recently launched 5G-Advanced on its commercial network using 2.6GHz and 6GHz spectrum, achieving similar peak download speeds in some regions. Mid-band frequencies in the 2.6GHz to 6GHz range are becoming the core of 5G across the GCC. With the shutdown of 2G networks at the end of 2023, operators like e& and du are reallocating spectrum to expand 5G coverage, particularly in underserved rural areas, enhancing access and lowering latency. From world records to national awards and enterprise solutions, e& UAE is powering the country's evolution into a global digital leader. Its investments in 5G and emerging technologies are not only advancing telecom but also enabling new economic opportunities and societal benefits. As the UAE accelerates toward its digital future, e& remains the engine behind the nation's push for connectivity, competitiveness, and innovation at scale.
Zawya
21 minutes ago
- Zawya
Azizi completes 70% work on Riviera Beachfront I project
UAE-based Azizi Developments has announced that 70 per cent of the work has been completed on its premium Beachfront I project in Riviera, its French Mediterranean-inspired waterfront community in MBR City, Dubai. Giving a project update, Azizi said the project's structure is fully ready, with blockwork and internal plastering standing at 98 per cent completion. Tiling works have reached 50 per cent, while HVAC and MEP installations stand at 83 per cent and 68 per cent, respectively. Façade works are at 29 per cent, external works are at 15 per cent, and overall finishes have progressed to 49%, it stated. Supported by a workforce of 3,200, construction remains firmly on track for completion in Q4 2025, it added. Group CEO Farhad Azizi said: "Beachfront in Riviera is rapidly taking shape, showcasing our dedication to delivering communities that perfectly blend sophistication with functionality." "As we move closer to completion, our focus remains on surpassing the expectations of our valued investors and end-users, while further enriching Dubai's skyline with developments that will stand the test of time," he added. On completion, the Riviera Beachfront will boast three 20-storey developments offering 555 units across studios, one- and two-bedroom homes, and retail spaces. Each building, set on the shores of Azizi's 2.7-km-long swimmable crystal lagoon, features direct beach access, swimming pools, landscaped surroundings, fully equipped gyms, barbeque areas, children's playgrounds and games, and yoga spaces, among other carefully thought-out amenities, it added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
