Majid Al Futtaim has reported impressive financial growth for the first half of 2025, with revenue reaching $4.7 billion and a remarkable 23% increase in profit. This growth marks a significant milestone for the company, highlighting its strategic investments and ongoing advancements in digital retail. The robust performance reflects resilience across various sectors, underscoring the group’s commitment to sustainable and profitable growth.
Strong Financial Performance
For the six months ending June 30, 2025, Majid Al Futtaim achieved consolidated revenue of AED 17.3 billion ($4.7 billion), representing a 3% increase compared to the previous year. The group’s EBITDA rose by 9% to AED 2.3 billion ($626 million), showcasing its effective operational efficiencies.
Net profit for the period reached AED 1.5 billion ($408 million). Notably, the net profit adjusted for valuation and tax experienced a robust increase of 23%, bringing it to AED 1.3 billion ($354 million). This strong performance underscores Majid Al Futtaim’s ability to adapt and thrive in a competitive market environment.
Investment and Growth Strategies
In a clear demonstration of its growth strategy, the group is investing AED 5 billion ($1.36 billion) in the expansion of Mall of the Emirates. This capital allocation emphasizes Majid Al Futtaim’s commitment to creating world-class destinations to enhance customer experiences.
In the real estate sector, demand has remained strong, with successful sales recorded in Ghaf Woods and Tilal Al Ghaf. The introduction of Capria and Junction, a mixed-use development adjacent to Mall of Egypt, further indicates the group’s ambitious expansion plans.
Digital Advancements and Leisure Growth
Majid Al Futtaim’s digital initiatives have also shown remarkable performance. Carrefour Now has seen a staggering 41% growth year-on-year, with revenue climbing to AED 1.6 billion ($435 million). Meanwhile, Precision Media, the group’s AI-powered AdTech venture launched in 2024, reported a revenue increase of 21%.
In the entertainment sector, VOX Cinemas achieved a 16% growth rate, while new concepts like ACTIVATE gaming and IMAX with OMA Theatre Pods contributed to an 11% growth in entertainment revenues, bringing them to AED 891 million ($242 million). Additionally, popular attractions such as Ski Dubai, Ski Egypt, and Snow Oman witnessed significant increases in visitor numbers.
Sustainability and Recognition
The group’s advancements in sustainability have not gone unnoticed. Majid Al Futtaim received LEED Platinum certification for the Ghaf Woods Forest Sales and Experience Centre and was awarded Developer of the Year at the International Property Show Awards. Furthermore, the company was recognized for its sustainability efforts, winning accolades including Best ESG Framework at the Gulf Customer Experience Awards.
Fadel Abdulbaqi Al Ali, the Chairman of the Board at Majid Al Futtaim Holding, commented on the company’s performance, stating, “Majid Al Futtaim’s first-half financial performance highlights both the strength of its strategic direction and the Group’s commitment to delivering long-term value creation for all stakeholders.”
CEOs like Ahmed Galal Ismail echoed these sentiments, emphasizing that “Majid Al Futtaim’s strong half-year results reaffirm the Group’s profitable growth trajectory.” The firm’s focus on disciplined growth, strategic diversification, and investment in top-quality assets aims to ensure sustainable long-term value for stakeholders.
Overall, Majid Al Futtaim continues to demonstrate resilience and a forward-thinking approach, with its $4.7 billion revenue in H1 2025 and a profit increase of 23%, establishing a solid foundation for future growth and innovation.