Spinneys 1961 (SPINNEYS) Q4 2025 earnings summary

Executive summary

• Achieved 13.1% year-over-year revenue growth to AED 3.6 billion for FY2025, with profit after tax rising 14.5% to AED 332 million and a profit margin of 9.1%.

• Opened 13 new stores, marking the largest annual network growth, and expanded into Kuwait and the Philippines.

• E-commerce sales grew 37% year-over-year, now representing 17% of total sales.

• Board recommended a final dividend of AED 129.6 million (3.60 fils/share), representing a 75% payout of annual profit.

• Continued support for sustainability and community welfare initiatives.

Financial highlights

• Revenue grew from AED 3.2 billion to AED 3.6 billion (+13.1% year-over-year); gross profit increased 14.7% to AED 1.53 billion; gross margin improved to 42%.

• Adjusted EBITDA rose 16% to AED 731 million; EBITDA margin at 20%.

• Profit before tax up 22.4% to AED 395 million; profit after tax at AED 332 million (+14.5%).

• Free cash flow generated was AED 463 million; cash and bank balances of AED 776 million at year-end.

• Basic and diluted EPS was AED 0.0949 for FY2025.

Outlook and guidance

• FY2026 guidance: revenue growth of 9–11%, like-for-like growth of 6–8%, and EBITDA margin of 18–20%.

• CapEx to be 3.5–4% of revenues, slightly higher due to Foodtech Valley project.

• Plan to open 6–10 new stores in 2026, including expansion in UAE, KSA, Kuwait, and the Philippines.

• Continued investment in existing stores and focus on high-margin private label products.