Emaar Properties (EMAAR) Q4 2025 earnings summary

Executive summary

• Achieved record FY 2025 with highest ever property sales, revenue, and profitability, driven by robust UAE and international sales, and expanding recurring revenue streams.

• Maintained strong market leadership in UAE real estate, with significant international presence and diversified business segments.

• Strategic focus on sustainable growth, digital transformation, shareholder returns, and ESG leadership, with upgraded credit and ESG ratings.

• Net profit attributable to owners reached AED 17.6 billion, with a proposed 100% cash dividend of share capital for 2025.

• Enhanced customer engagement through major events and community experiences.

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%.

• EBITDA grew 33% to AED 25.6 billion; gross profit margin at 55%.

• Property sales reached AED 80.4 billion, up 16% year-over-year; revenue backlog at AED 155 billion.

• Cash and cash equivalents rose to AED 52.6 billion; net cash position improved significantly.

• Basic and diluted EPS increased to AED 1.99; total assets reached AED 186.7 billion.

Outlook and guidance

• Revenue backlog of AED 154.8–155 billion provides strong visibility for 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.

• Continued emphasis on ESG, resource efficiency, and responsible development.

• Board recommended maintaining dividends at 100% of share capital for 2025.