UAE Equity Research - Aldar Properties 2Q25 - Earnings Call Insight
Aldar revenue rose significantly, 45.9% YOY to AED 7.7 Bn in 2Q25, due to high-double digit growth recorded in Development and Investments. Gross profit increased significantly, 40.3% YOY to AED 2.6 Bn in 2Q25, while gross margins declined 131 bps YOY to 33.1% in 2Q25.