Drake & Scull International reported strong growth in 2025, with revenue rising 116% year-on-year to AED 224 million (USD 61 million), driven by accelerating project execution and order book conversion across key markets.
The Dubai-based contractor also returned to profitability, reporting net earnings of AED 47 million for the year. Progress was supported by large-scale infrastructure projects in the UAE and the expansion of water and wastewater operations through its German subsidiary, Passavant, across international markets.
Despite the growth, total assets declined 6% to AED 611 million, while cash and bank balances stood at AED 235 million. The company said it has implemented contingency measures to maintain financial stability amid ongoing regional uncertainty.
Gulf Economist Staff Writer