Emaar Development (EMAARDEV) Q4 2025 earnings summary

Executive summary

• Achieved record property sales of AED 80.4 billion in 2025, up 16% year-over-year, with strong demand across master communities and new launches.

• Revenue reached an all-time high of AED 49.6 billion, a 40% increase compared to 2024, driven by robust UAE property sales and expanding recurring revenue streams.

• Net profit attributable to owners was AED 17.6 billion, with total comprehensive income for the year at AED 22.6 billion.

• Recurring revenue from malls, hospitality, leisure, entertainment, and commercial leasing grew over 13% to AED 10.5 billion.

• Upgraded ESG ratings and multiple sustainability awards highlight commitment to responsible growth.

Financial highlights

• FY 2025 revenue reached AED 49.6 billion, up 40% year-over-year; net profit attributable to equity holders was AED 17.6 billion, up 30%.

• Gross profit rose 34% to AED 27.2 billion; EBITDA grew 33% to AED 25.6 billion.

• Dividend yield at 6.3%, outperforming local benchmarks; proposed and maintained 100% cash dividend of share capital for 2025.

• Cash and equivalents at AED 52.6 billion, net cash position of AED 61.7 billion.

• Total assets increased to AED 186.7 billion; equity attributable to owners at AED 107.7 billion.

Outlook and guidance

• Revenue backlog from property sales at AED 155 billion ensures strong future performance.

• Over 64,300 residential units to be delivered in the next 5-6 years across domestic and international markets.

• Focus on scalable, sustainable growth, digital transformation with AI integration, and selective international expansion.

• Major mall expansions (Dubai Mall, Dubai Square, Expo Mall) scheduled for completion between 2027-2028.

• Ongoing commitment to ESG, resource efficiency, and responsible development.