ALEC Holdings (ALEC) Q2 2025 earnings summary

Executive summary

• Revenue for the six-month period ended 30 June 2025 was AED 5,362 million, up from AED 3,436 million year-over-year.

• Total comprehensive income attributable to owners rose to AED 238 million from AED 129 million year-over-year.

• Retained earnings at period end were AED 872 million, after AED 265 million in dividends and AED 13.5 million for acquisition of non-controlling interest.

Financial highlights

• Gross profit for the six months was AED 537 million, up from AED 356 million year-over-year.

• Profit before tax reached AED 267 million, compared to AED 138 million year-over-year.

• Net profit for the period was AED 239 million, up from AED 129 million year-over-year.

• Basic and diluted EPS for the six months was AED 4,756, compared to AED 2,569 year-over-year.

• Cash and cash equivalents at period end were AED 1,163 million.

Outlook and guidance

• Transaction price allocated to unsatisfied performance obligations at 30 June 2025 was AED 35.4 billion, with 23% expected to be recognized as revenue in the remainder of 2025.