Lulu Retail reports H1 revenue of $4.1 billion, up 5.9% YoY
Lulu Retail has announced its H1 2025 financial results, delivering a solid 9.1% year-on-year increase in net profit to $127.0 million. Revenues rose to $4.1 billion (up 5.9% YoY), and like-for-like sales increased by 3.8%, driven by robust performance across key categories. In Q2 2025, the company reported revenues of $2.0 billion, up 4.6% YoY with a strong sales growth. This performance was bolstered by continued growth in private label and the e-commerce category. Private label grew 3.5% YoY, accounting for 29.7% of retail revenue, while e-commerce maintained its momentum with sales up 43.4% YoY to $108 million, representing 5.6% of retail revenue. Gross profit increased 6.5% YoY to $468 million. EBITDA grew 7.6% YoY to $204 million. The jump was supported by growth in private label and ecommerce sales, and as per plans, to open 20 new stores in 2025
Declares interim dividend of $98.4 million (3.5 fils per share):
Lulu Retail has declared an interim dividend of $98.4 million (3.5 fils per share), corresponding to a payout ratio of 78% of H1 2025 distributable profits—consistent with the IPO dividend policy.
Key Highlights – H1 2025
* Revenue: $4.1 billion (up 5.9% YoY), driven by strong volume and category growth
* EBITDA: $418 million (up 7.0% YoY); Q2 2025: $204 million (up 7.6% YoY). Margins improved by 28 basis points in Q2.
* Net Profit: $127 million (up 9.1% YoY), with a net margin of 3.1%
* Private Label Growth: Up 3.5% YoY in Q2, accounting for 29.7% of retail revenue
* E-commerce: Q2 sales up 43.4% YoY to $108 million (5.6% of retail revenue); 45.4% increase in customer count YoY
* Loyalty Program: The Happiness loyalty program added 1 million new members during the quarter, bringing total membership to 7.3 million.
* Store Expansion: Seven new stores opened in H1 plus 4 more in July, taking the total to 259; full-year target of 20 new stores remains on track
* Growth Strategy: Private label and e-commerce continue to play pivotal roles in Lulu's growth approach
'Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements. We expect our growth momentum to persist as we focus on expanding our store network, launching new outlets, enhancing operational efficiency, and unlocking further potential through private label and e-commerce offerings,' said Saifee Rupawala, CEO of Lulu Retail.
Regional Performance:
* UAE (largest market): Q2 revenue up 9.4% YoY, driven by continued high demand for fresh food and supported by Lulu's omnichannel strategy
* Saudi Arabia (KSA): Revenue grew 3.8% YoY, aided by strong electrical goods sales and new store openings
* Kuwait: Revenue up 4.9% YoY; consistent positive performance
About Lulu Retail:
Founded in 1974, Lulu Retail—together with its subsidiaries—is the largest full-line retailer in the GCC by selling space, sales, and store count, operating 256 hypermarkets, express, and mini-market stores across the region. The Group supports a robust ecommerce presence via its mobile app, online storefront, and partner channels. Serving more than 690,000 daily shoppers from 130 nationalities, Lulu sources products from 85 countries and operates 19 on-the-ground sourcing offices. Its strong brand reputation across the GCC fuels store growth, network expansion, and elevated customer loyalty.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Muscat Daily
2 days ago
- Muscat Daily
Lulu Retail reports H1 revenue of $4.1 billion, up 5.9% YoY
Muscat – Posts a 9.1% rise in H1 net profit to $127.0 million, reflecting strong operational performance. Declares interim dividend of $98.4 million. Lulu Retail has announced its H1 2025 financial results, delivering a solid 9.1% year-on-year increase in net profit to $127.0 million. Revenues rose to $4.1 billion (up 5.9% YoY), and like-for-like sales increased by 3.8%, driven by robust performance across key categories. In Q2 2025, the company reported revenues of $2.0 billion, up 4.6% YoY with a strong sales growth. This performance was bolstered by continued growth in private label and the e-commerce category. Private label grew 3.5% YoY, accounting for 29.7% of retail revenue, while e-commerce maintained its momentum with sales up 43.4% YoY to $108 million, representing 5.6% of retail revenue. Gross profit increased 6.5% YoY to $468 million. EBITDA grew 7.6% YoY to $204 million. The jump was supported by growth in private label and ecommerce sales, and as per plans, to open 20 new stores in 2025 Declares interim dividend of $98.4 million (3.5 fils per share): Lulu Retail has declared an interim dividend of $98.4 million (3.5 fils per share), corresponding to a payout ratio of 78% of H1 2025 distributable profits—consistent with the IPO dividend policy. Key Highlights – H1 2025 * Revenue: $4.1 billion (up 5.9% YoY), driven by strong volume and category growth * EBITDA: $418 million (up 7.0% YoY); Q2 2025: $204 million (up 7.6% YoY). Margins improved by 28 basis points in Q2. * Net Profit: $127 million (up 9.1% YoY), with a net margin of 3.1% * Private Label Growth: Up 3.5% YoY in Q2, accounting for 29.7% of retail revenue * E-commerce: Q2 sales up 43.4% YoY to $108 million (5.6% of retail revenue); 45.4% increase in customer count YoY * Loyalty Program: The Happiness loyalty program added 1 million new members during the quarter, bringing total membership to 7.3 million. * Store Expansion: Seven new stores opened in H1 plus 4 more in July, taking the total to 259; full-year target of 20 new stores remains on track * Growth Strategy: Private label and e-commerce continue to play pivotal roles in Lulu's growth approach 'Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements. We expect our growth momentum to persist as we focus on expanding our store network, launching new outlets, enhancing operational efficiency, and unlocking further potential through private label and e-commerce offerings,' said Saifee Rupawala, CEO of Lulu Retail. Regional Performance: * UAE (largest market): Q2 revenue up 9.4% YoY, driven by continued high demand for fresh food and supported by Lulu's omnichannel strategy * Saudi Arabia (KSA): Revenue grew 3.8% YoY, aided by strong electrical goods sales and new store openings * Kuwait: Revenue up 4.9% YoY; consistent positive performance About Lulu Retail: Founded in 1974, Lulu Retail—together with its subsidiaries—is the largest full-line retailer in the GCC by selling space, sales, and store count, operating 256 hypermarkets, express, and mini-market stores across the region. The Group supports a robust ecommerce presence via its mobile app, online storefront, and partner channels. Serving more than 690,000 daily shoppers from 130 nationalities, Lulu sources products from 85 countries and operates 19 on-the-ground sourcing offices. Its strong brand reputation across the GCC fuels store growth, network expansion, and elevated customer loyalty.
Times of Oman
2 days ago
- Times of Oman
Lulu Retail reports H1 revenue of $4.1 billion, up 5.9% YoY. Posts a 9.
Muscat: Lulu Retail has announced its H1 2025 financial results, delivering a solid 9.1% year-on-year increase in net profit to $127.0 million. Revenues rose to $4.1 billion (up 5.9% YoY), and like-for-like sales increased by 3.8%, driven by robust performance across key categories. In Q2 2025, the company reported revenues of $2.0 billion, up 4.6% YoY with a strong sales growth. This performance was bolstered by continued growth in private label and the e-commerce category. Private label grew 3.5% YoY, accounting for 29.7% of retail revenue, while e-commerce maintained its momentum with sales up 43.4% YoY to $108 million, representing 5.6% of retail revenue. Gross profit increased 6.5% YoY to $468 million. EBITDA grew 7.6% YoY to $204 million. The jump was supported by growth in private label and ecommerce sales, and as per plans, to open 20 new stores in 2025 Declares interim dividend of $98.4 million (3.5 fils per share): Lulu Retail has declared an interim dividend of $98.4 million (3.5 fils per share), corresponding to a payout ratio of 78% of H1 2025 distributable profits—consistent with the IPO dividend policy. Key Highlights – H1 2025 * Revenue: $4.1 billion (up 5.9% YoY), driven by strong volume and category growth * EBITDA: $418 million (up 7.0% YoY); Q2 2025: $204 million (up 7.6% YoY). Margins improved by 28 basis points in Q2. * Net Profit: $127 million (up 9.1% YoY), with a net margin of 3.1% * Private Label Growth: Up 3.5% YoY in Q2, accounting for 29.7% of retail revenue * E-commerce: Q2 sales up 43.4% YoY to $108 million (5.6% of retail revenue); 45.4% increase in customer count YoY * Loyalty Program: The Happiness loyalty program added 1 million new members during the quarter, bringing total membership to 7.3 million. * Store Expansion: Seven new stores opened in H1 plus 4 more in July, taking the total to 259; full-year target of 20 new stores remains on track * Growth Strategy: Private label and e-commerce continue to play pivotal roles in Lulu's growth approach 'Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements. We expect our growth momentum to persist as we focus on expanding our store network, launching new outlets, enhancing operational efficiency, and unlocking further potential through private label and e-commerce offerings,' said Saifee Rupawala, CEO of Lulu Retail. Regional Performance: * UAE (largest market): Q2 revenue up 9.4% YoY, driven by continued high demand for fresh food and supported by Lulu's omnichannel strategy * Saudi Arabia (KSA): Revenue grew 3.8% YoY, aided by strong electrical goods sales and new store openings * Kuwait: Revenue up 4.9% YoY; consistent positive performance
Observer
16-07-2025
- Observer
China cuts electricity emissions to record lows in 2025
LITTLETON, Colorado: Surging clean power supplies have allowed China's utilities to reduce their emissions from electricity production to record lows during the opening half of 2025. Carbon dioxide emissions per kilowatt hour (kWh) of electricity averaged 492 grammes during the opening half of 2025, according to data from energy portal That was the first ever reading below 500 grammes per kWh, and is down from 514g/kWh during the same period in 2024 and 539g/kWh from January to June 2023. A nearly 23% rise in clean power generation from January to June 2024 was the main driver behind the reduction in emissions intensity, as higher volumes of clean energy allowed power firms to reduce output from coal and gas power plants. Total power generation from thermal power plants — mainly coal — dropped by 4% from a year ago to just under 7,000 terawatt hours (TWh), data from LSEG shows. Output from clean energy sources from January to June totalled 2,400 TWh, highlighting that fossil fuel power sources still account for a 75% share of China's power generation mix. But the growth of clean energy supplies continues to sharply outpace growth in fossil fuel power generation, suggesting that China's power mix looks set to keep getting cleaner. Total Chinese clean power output during the first half of 2025 was 200% more than during the first half of 2019, according to LSEG. In contrast, total Chinese thermal power output from January to June 2025 was 20% greater than during the same period in 2019. China's power sector emissions from fossil fuel generation have declined in line with the cleaner mix. Total emissions from fossil fuels used in electricity production from January to May were 2.24 billion metric tonnes of CO2, according to data from energy think tank Ember. That total is 60.5 million tonnes less than during the same months of 2024, and is an indication that some progress is being made against Beijing's goals of reducing energy sector pollution. However, the enduring economic drag caused by a lingering property downturn as well as the uncertainty surrounding tariffs charged by the United States on Chinese goods is also impacting China's power needs and emissions totals. The pace of construction in China has slowed sharply so far this decade following a debt crisis among property developers, which in turn has choked off demand for energy-intensive goods such as cement, piping, glass and construction steel. More recently, the fresh tariffs on Chinese goods set by US President Donald Trump this year have hit demand for China-made products, and slowed production lines across several manufactured items. — Reuters
