ADNOC Drilling’s net profit rose 19.0% YOY to USD 351.0 Bn in 2Q25 (in line with FABS estimates) mainly driven by revenue growth under Onshore and Oil Field Services (OFS) segment, lower finance costs and rise in Share of results of JV. However, the Net profit margin fell from 32% in 2Q24 to 29% in 2Q25 but the conventional net profit margin remain...

ADNH Catering’s net profit rose 9.4% YOY to AED 34.7 Mn in 2Q25 (3.6% YOY lower than FABS estimates) leading to bottom line margins of 8.1%, mainly driven by top line growth with improved contract retention rate and new business wins despite the downsize of Zadsource GPO which was considered unattractive, higher other income and a one-off (Share of...

ADIB reported Net profit to equity holders of AED 1.68 Bn in 2Q25, which was up by 12.3% YOY compared to 2Q24 (6.6% YOY higher than FABS estimates) driven by strong funded income growth supported by higher financing volumes and lower impairment charges.

Net profit rose 29.0% YOY to AED 666.6 Mn in 2Q25 which was (higher than FABS estimates by 14.1% YOY), driven by growth in Non-Interest Income arising from higher net fees and commission income and lower net impairment charges.

The Bank’s net profit showed a significant growth of 51% YOY to AED 106.2 Mn in 2Q25, higher than FABS estimates driven by higher growth in the funded, non-funded income and lower impairment charges in 2Q25, which was partially offset by higher opex arising from rise in employee benefit expenses.

SIB’s Net Income from financing and Investment products rose 5.6% YOY to AED 382.7 Mn in 2Q25 which was in-line with FABS estimates, driven by rise in financing volume across diversified industry segments.

Profit before tax increased 17% YoY and 4% QoQ to AED 3.035 Bn in 2Q25, and was AED 5.942 Bn in 1H25, up 18% YoY. Net profit after tax rose by 11% to AED 2.568 Bn in 2Q25 YoY and 5% higher than in 1Q25 QoQ, this growth was primarily fueled by a 12% YoY increase in net funded income and a 44% YoY surge in non-funded income, along with a slight 1% Yo...

BRICS as it stands for the group of five nations – Brazil, Russia, India, China, and South Africa - is adding six new member countries from 2024, the new economic bloc, one of the largest in the world will be known as BRICS+ representing 36.9% of the World’s GDP (PPP terms), bigger than the GDP of developed G7 countries of 29.9%. Three countries fr...