Aldar Reports Strong Financial Growth in Q1 2025
Aldar Properties has reported a 33% increase in profit before tax for Q1 2025. The company reached AED2.2 billion ($599 million), with net profit rising 22% year-on-year to AED1.9 billion. These strong results reflect Aldar’s solid business foundation and strategic growth.
Diversified Business Segments Drive Strong Performance
Aldar highlighted the strength and diversification of its sectors. The company emphasized its ability to operate efficiently and create long-term value. The UAE’s stable business environment fosters economic growth and investment.
Aldar’s Development Revenue Backlog Reaches Record High
Aldar is well positioned to strengthen its role in the UAE economy. The company’s development revenue backlog has reached a record AED55.7 billion. This growth further solidifies Aldar’s long-term potential as a key partner in UAE’s economic development.
Continued Strong Momentum Across Core Business Segments
Aldar shared that the company’s strong performance stems from business momentum. Development sales grew by 42%, reaching AED8.9 billion. Construction progress continues on new projects, driven by sustained demand from both local and international buyers.
Aldar Strengthens Financial Position for Future Growth
Aldar took proactive steps to enhance its financial position at the start of 2025. The company raised liquidity through capital markets issuances and secured a syndicated loan. Aldar also issued AED3.7 billion in hybrid capital notes and AED1.8 billion in green sukuk.
Key Financial Highlights and Solid Revenue Visibility
Aldar’s UAE revenue backlog stands at AED46.7 billion, ensuring strong revenue visibility. Sales from international and UAE residents totaled AED7.4 billion, accounting for 87% of total UAE sales. The company also reported a 25% increase in earnings per share, reaching AED0.20.
Aldar Development and Investment Continues Growth
Aldar Development reported a 46% increase in revenue, reaching AED5.7 billion. EBITDA rose 50%, driven by strong sales and new launches. Aldar’s Investment saw EBITDA grow 10% year-on-year to AED764 million. Assets under management grew to AED46 billion.
International Growth and Expansion
Aldar’s international ventures also showed progress in Q1. SODIC contributed AED172 million in revenue. London Square added AED135 million to Aldar’s development revenue.