United Arab Emirates · Delayed Price · Currency is AED Aldar Properties PJSC Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 8% year-on-year to AED 16.8 billion, with EBITDA up 19% and net profit after tax up 18%. Guidance for full-year development sales was revised down due to measured launch timing, but strong backlog, robust liquidity, and disciplined capital deployment support confidence in H2 performance.
-
Revenue and profit reached record highs, driven by strong sales, diversified growth, and strategic partnerships. Guidance points to continued robust EBITDA and sales growth, with disciplined capital deployment and a focus on recurring income and sustainability.
-
Revenue and profit grew strongly year-over-year, supported by resilient recurring income and a record backlog, despite regional tensions and softer March sales. Liquidity and capital position were further strengthened, and guidance for 2026 is maintained as management monitors evolving market conditions.
Fiscal Year 2025
-
Revenue and net profit surged 43% and 30% year-on-year, respectively, with record development sales and backlog. High occupancy, rental growth, and strategic acquisitions drove investment platform gains. Guidance for 2025 remains unchanged, with strong visibility and disciplined capital deployment.
-
H1 2025 saw revenue up 42% and EBITDA up 38% year-on-year, with strong sales and backlog growth across development and investment platforms. Guidance for FY 2025 remains at the upper end, supported by robust liquidity, new launches, and a diversified pipeline.
-
Q1 2025 saw robust revenue and profit growth, driven by strong development sales, high occupancy, and successful new launches in the U.A.E. and abroad. Guidance for 2025 remains unchanged, with high confidence in meeting targets and strong liquidity and credit ratings supporting future growth.
Fiscal Year 2024
-
Revenue surged 62% to AED 23 billion and net profit rose 47% to AED 6.5 billion, driven by record development sales, strategic acquisitions, and strong segment performance. 2025 guidance targets at least 35% EBITDA growth, with continued focus on capital deployment and diversification.
-
Revenue grew 69% year-over-year to AED 16.5 billion, with EBITDA up 55% and net profit up 52%. Upwardly revised 2024 guidance and at least 35% group EBITDA growth expected in 2025, driven by a strong backlog, new launches, and strategic partnerships.
-
H1 2024 saw revenue up 73% and net profit up 57% year-on-year, driven by strong demand and successful launches. The group maintains robust liquidity, a record AED 39 billion backlog, and positive outlook, with Dubai expected to contribute 20-25% of future development earnings.