Majid Al Futtaim Holding reported strong financial performance in FY2025, with net profit rising 41% year-on-year to AED 3.6 billion (USD 980 million), supported by growth across its malls, hotels, real estate and e-commerce divisions.
Total revenue increased 6% to AED 36 billion, with real estate development income surging 33% and shopping malls and hotels generating AED 4.8 billion. E-commerce revenue climbed 20%, while entertainment rose 9%, reflecting strong cinema performance.
The company also strengthened its balance sheet, with EBITDA reaching AED 5.1 billion, free cash flow rising 25% to AED 3.5 billion, and net debt declining 15% to AED 11.9 billion.
Growth was led by the UAE market, where revenues exceeded AED 22 billion, alongside continued expansion across Saudi Arabia and Egypt.
Gulf Economist Staff Writer