Revenue and Profit Surge in First Half of the Year

Modon Holding experienced a remarkable first half of 2025, with net profit soaring to Dh2.1 billion, a 4.2x increase compared to Dh502 million in the same period last year. This impressive growth was fueled by record real estate sales, significant recurring income, and strategic investments. Group revenue tripled year-on-year, reaching Dh6.5 billion, driven by Dh10 billion in real estate sales, and a robust revenue backlog of Dh33 billion across various business segments.

Key drivers of this success included strong performance across Modon's Asset Management, Hospitality, and Events, Catering & Tourism units, supported by high occupancy rates, operational expansion, and improved pricing. EBITDA also rose to Dh2.9 billion, with margins expanding to 44% due to efficiency gains and integration synergies. The company's Chairman, Jassem Mohamed Bu Ataba Al Zaabi, highlighted the company's commitment to long-term value creation and reinforcing Abu Dhabi's global position.

Modon's real estate ventures saw exceptional success, with two major launches selling out within a day. The Wadeem community's Dh5.5 billion residential plot sell-out in July set a positive tone for the second half of the year. Furthermore, Modon expanded its international presence to 13 countries through strategic acquisitions and investments in the UK, North America, Egypt, and Spain.

In addition, Modon launched Gridora, a new infrastructure platform in partnership with ADQ and IHC, aimed at leading key infrastructure projects both in the UAE and internationally. Gridora also signed an MoU with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to support the delivery of ADPIC’s Dh35 billion transport infrastructure mandate. Group Managing Director Abdullah Al Sahi emphasized the company's focus on building a global, future-ready portfolio.