Abu Dhabi – Mubasher: Aldar Properties recorded 22% year-on-year (YoY) higher net profits after tax at AED 1.90 billion in the first quarter (Q1) of 2025, compared to AED 1.57 billion.
Revenues and rental income climbed by 39% to AED 7.79 billion in Q1-25 from AED 5.61 billion in Q1-24, according to the financial results.
The basic and diluted earnings per share (EPS) increased to AED 0.20 in the first three months (3M) of 2025 from AED 0.16 during the same period in 2024.
Aldar strengthened its capital structure and financial resilience, issuing AED 3.70 billion hybrid capital notes and AED 1.80 billion green sukuk, as well as securing AED 9 billion syndicated revolving credit facility and AED 1.80 billion hybrid capital solution from Apollo.
Mohamed Khalifa Al Mubarak, Chairman of Aldar, commented: “In this conducive environment and with a development backlog reaching a record AED 55.70 billion, Aldar is well-positioned to deliver sustainable performance, deploying capital with care and reinforcing our role as a long-term partner in shaping the UAE’s economic development.”
As of 31 December 2024, the company’s net profits hiked by 47% to AED 6.50 billion from AED 4.41 billion a year earlier.
