Latest news with #profitgrowth
Zawya
21 hours ago
- Business
- Zawya
Modon Holding posts $572mln net profit in H1 2025
ABU DHABI: Modon Holding has reported exceptional results for the first half of 2025, with net profit rising 4.2 times year-on-year to AED2.1 billion, compared to AED502 million in H1 2024. The strong performance was driven by solid results across the Group's four core business segments, the successful integration of recent acquisitions, and the efficient execution of strategic investments. Modon's growth was led by its real estate segment, alongside stronger recurring revenues supported by operational improvements in asset management and hospitality, as well as exceptional performance in events, catering, and tourism. The Group has maintained positive momentum into the second half of the year. In July, the full sell-out of residential plots in the Wadeem project generated AED5.5 billion in sales, pushing H1 2025 sales beyond the total achieved in all of 2024. Modon recorded AED6.5 billion in revenue for the first half of 2025—tripling year-on-year—driven by robust revenue recognition from development projects. This growth was fuelled by record real estate sales from new launches and existing inventory, rising recurring income, and the positive impact of recent acquisitions. Group EBITDA increased to AED2.9 billion, representing 4.0x growth year-on-year (excluding non-recurring items), outpacing revenue growth. The Group's revenue backlog reached AED33 billion across all business segments, while real estate sales amounted to AED10 billion. All units launched in two key development projects were sold out in a single day, underscoring strong market demand. Modon continued to expand its global footprint through strategic investments in the United Kingdom and North America, extending its operational presence to 13 countries.
Zawya
21 hours ago
- Business
- Zawya
Modon Holding posts over $571mln net profit in H1 2025
ABU DHABI - Modon Holding has reported exceptional results for the first half of 2025, with net profit rising 4.2 times year-on-year to AED2.1 billion, compared to AED502 million in H1 2024. The strong performance was driven by solid results across the Group's four core business segments, the successful integration of recent acquisitions, and the efficient execution of strategic investments. Modon's growth was led by its real estate segment, alongside stronger recurring revenues supported by operational improvements in asset management and hospitality, as well as exceptional performance in events, catering, and tourism. The Group has maintained positive momentum into the second half of the year. In July, the full sell-out of residential plots in the Wadeem project generated AED5.5 billion in sales, pushing H1 2025 sales beyond the total achieved in all of 2024. Modon recorded AED6.5 billion in revenue for the first half of 2025—tripling year-on-year—driven by robust revenue recognition from development projects. This growth was fuelled by record real estate sales from new launches and existing inventory, rising recurring income, and the positive impact of recent acquisitions. Group EBITDA increased to AED2.9 billion, representing 4.0x growth year-on-year (excluding non-recurring items), outpacing revenue growth. The Group's revenue backlog reached AED33 billion across all business segments, while real estate sales amounted to AED10 billion. All units launched in two key development projects were sold out in a single day, underscoring strong market demand. Modon continued to expand its global footprint through strategic investments in the United Kingdom and North America, extending its operational presence to 13 countries.
Yahoo
2 days ago
- Business
- Yahoo
Heineken Holding N.V. reports 2025 half year results
Amsterdam, 28 July 2025 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces: Solid profit growth highlighting agility across HEINEKEN's global footprint Key Highlights The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2025 amounts to €380 million. Revenue €16,924 million Net revenue (beia) 2.1% organic growth; per hectolitre 3.3% Beer volume organic growth -1.2%; Heineken® volume growth 4.5% Operating profit €1,433 million; operating profit (beia) organic growth 7.4% Outlook for the full year unchanged; operating profit (beia) expected to grow organically 4% to 8% Enquiries Media Heineken Holding N.V. Kees Jongsma Tel. +31-6-54798253 E-mail: cjongsma@ Media Investors Christiaan Prins Tristan van Strien Director of Global Communications Global Director of Investor Relations Marlous den Bieman Lennart Scholtus / Chris Steyn Corporate Communications Lead Investor Relations Manager / Senior Analyst E-mail: pressoffice@ E-mail: investors@ Tel: +31-20-5239355 Tel: +31-20-5239590 Conference Call Details HEINEKEN will host an analyst and investor conference call in relation to its 2025 Half Year results today at 14:00 CET/ 13:00 BST. This call will also be accessible for Heineken Holding N.V. shareholders. The call will be audio cast live via the website: An audio replay service will also be made available after the conference call at the above web address. Analysts and investors can dial-in using the following telephone numbers: United Kingdom (Local): 020 3936 2999 Netherlands (Local): 085 888 7233 USA: 1 646 787 9445 For the full list of dial in numbers, please refer to the following link: Global Dial-In Numbers Participation password for all countries: 465823 Attachment Heineken Holding NV 2025 HYPRSign in to access your portfolio
Zawya
6 days ago
- Business
- Zawya
UAE: CBD total assets surpasses $40.84bln with 20 consecutive quarters of profit growth
Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth. The Bank reported a net profit before tax of AED1.862 billion, representing a 16.7 percent increase compared to the same half last year. CBD's strong growth was further underscored by its total assets surpassing AED150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic expansion supported by public sector investments and population growth. Dr. Bernd van Linder, Chief Executive Officer, said, 'Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed AED 150 billion are significant milestones for CBD. Our consistent performance over the past five years, despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions, demonstrates the strength of our strategy and our continued commitment to customers. We are pleased with the latest performance which is a testament to our disciplined growth and market leadership. We remain focused on delivering on our strategic targets for 2025 and beyond.' CBD's transformation agenda continues to deliver results. The Bank recorded its highest SME Net Promoter Score in over three years for H1 2025, following enhancements to onboarding and service delivery. At the same time, CBD's leadership in innovation was recognised through multiple industry awards, including Best Digitisation Initiatives, Best Mobile Banking Services, and Best Technological Innovation in Financial Services, affirming its digital-by-design ethos.
Zawya
6 days ago
- Business
- Zawya
CBD marks twenty consecutive quarters of profit growth with record H1 2025 earnings
Dubai, United Arab Emirates: Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth – a feat unmatched by any other bank in the UAE over the same period. The Bank reported a net profit before tax of AED 1.862 billion, representing a 16.7% increase compared to the same half last year. CBD's strong growth was further underscored by its total assets surpassing AED 150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic expansion supported by public sector investments and population growth. 'Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed AED 150 billion are significant milestones for CBD,' said Dr. Bernd van Linder, Chief Executive Officer. 'Our consistent performance over the past five years, despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions, demonstrates the strength of our strategy and our continued commitment to customers. We are pleased with the latest performance which is a testament to our disciplined growth and market leadership. We remain focused on delivering on our strategic targets for 2025 and beyond.' CBD's transformation agenda continues to deliver results. The Bank recorded its highest SME Net Promoter Score in over three years for H1 2025, following enhancements to onboarding and service delivery. At the same time, CBD's leadership in innovation was recognised through multiple industry awards, including Best Digitisation Initiatives, Best Mobile Banking Services, and Best Technological Innovation in Financial Services, affirming its digital-by-design ethos. The Bank also supported national initiatives such as Aani payments and the 'Xport Xponential' programme by Etihad Credit Insurance, reinforcing its alignment with the UAE's vision for financial innovation and inclusion. Now in its sixth decade, CBD continues to deliver top-quartile returns, with a return on equity of 22.6%, a cost-to-income ratio of 26.5%, and improved asset quality. With a robust capital base and a clear digital-first strategy, CBD is well-positioned to sustain its growth trajectory and back the nation's ambition. About Commercial Bank of Dubai: Commercial Bank of Dubai was established in 1969 and is registered as a Public Shareholding Company (PSC). The Bank is listed on the Dubai Financial Market and is mostly owned by UAE Nationals including the Investment Corporation of Dubai (ICD). Over the years, Commercial Bank of Dubai has built itself into a progressive and modern Banking institution, endowed with a strong financial structure and strong management, as well as a loyal and ever-increasing customer and correspondent base. Today, CBD is one of the leading banks in the United Arab Emirates and offers its customers a full range of retail and commercial banking products and services. For additional information, contact CBD's PR and Media team at
