Premium retailer Spinneys recorded AED 1.81 billion in revenue for the first half of 2025, up 13.7% from the same period last year. Net profit reached AED 170 million — a 16.2% increase, driven by a mix of like-for-like sales growth, online performance, and the success of its private label range, Discovery by Spinneys.

The company opened nine new stores across the UAE and Saudi Arabia during the period and announced an interim dividend of AED 120 million (3.32 fils per share). CEO Sunil Kumar noted the results reflected strong consumer demand and affirmed the retailer’s strategy of regional expansion and operational efficiency.

Spinneys forecasts full-year revenue growth of 9–11%, with plans to open 10–12 additional stores and maintain an adjusted EBITDA margin of 19–20%. Its stock on the Dubai Financial Market has risen over 10% in the last month, trading at AED 1.61.

The company said the next phase of growth will focus on broadening its exclusive product portfolio and strengthening its footprint in Saudi Arabia — a core market in its long-term roadmap.

Gulf News — Manoj Noir