United Arab Emirates · Delayed Price · Currency is AED Aldar Properties PJSC Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw 8% revenue and 18% net profit growth, with strong recurring income and robust liquidity. Development sales guidance was revised down due to market conditions, but margins and EBITDA remain resilient, supported by a sizable backlog and disciplined capital deployment.
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Revenue grew 47% to AED 33.8 billion, net profit rose 36% to AED 8.8 billion, and sales hit a record AED 40.6 billion, driven by strong UAE demand and international expansion. Guidance for 2026 and beyond remains robust, with a focus on balanced growth, capital discipline, and sustainability.
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Revenue grew 12% year-over-year to AED 8.7 billion, with EBITDA up 22% and net profit up 20%. Despite a 25% drop in group sales due to March softness, backlog and liquidity remain strong, and full-year guidance is maintained as market conditions are monitored.
Fiscal Year 2025
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Revenue and EBITDA grew over 40% year-on-year, with record development sales and a robust backlog. High occupancy, rental growth, and new acquisitions drove investment returns, while guidance remains at the upper end for 2025. Strong liquidity and disciplined capital deployment support future growth.
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H1 2025 saw robust revenue and profit growth, with strong sales momentum in both development and investment segments. The company is on track to meet the upper end of full-year guidance, supported by a healthy backlog, disciplined capital deployment, and strong liquidity.
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Q1 2025 saw robust revenue and profit growth, driven by strong development sales, high occupancy, and expanding recurring income. Guidance for 2025 remains unchanged, with significant liquidity, disciplined capital allocation, and continued strong demand from expats and overseas buyers.
Fiscal Year 2024
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Revenue surged 62% to AED 23 billion and net profit rose 47% to AED 6.5 billion, driven by strong development sales, major acquisitions, and diversification across geographies and asset classes. 2025 guidance targets at least 35% EBITDA growth, with robust CapEx and a focus on recurring income.
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Revenue surged 69% to AED 16.5 billion and net profit rose 52% to AED 4.6 billion for the first nine months of 2024, driven by record development sales, strong recurring income, and strategic acquisitions. Guidance for 2024 EBITDA was raised, with at least 35% group EBITDA growth expected in 2025.
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Revenue grew 73% year-on-year to AED 10.9 billion, with EBITDA up 61% and net profit up 57%. Overseas and expat buyers drove 79% of UAE sales, and the group backlog reached AED 39 billion. Guidance for 2024 remains strong, with robust demand and continued expansion in Dubai and logistics.