Modon triples revenue in H1 2025 as net profit soars to Dh2.1 billion

Dubai: Modon Holding reported a 4.2x surge in net profit to Dh2.1 billion for the first half of 2025, compared to Dh502 million in the same period last year, after excluding one-off items from 2024. The strong earnings were driven by record real estate sales, recurring income growth, and contributions from strategic investments.

Group revenue rose to Dh6.5 billion—three times higher year-on-year—on the back of Dh10 billion in real estate sales. Revenue backlog reached Dh33 billion across business segments, underlining strong forward visibility.

Recurring income streams across Modon’s Asset Management, Hospitality, and Events, Catering & Tourism units also saw significant growth, supported by near-full occupancy, operational expansion, and improved pricing.

“Exceptional commercial performance and strategic delivery continue to accelerate our transformation,” said Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding. “We remain focused on long-term value creation while reinforcing Abu Dhabi’s position as a global hub for investment and urban development.”

The company’s EBITDA rose to Dh2.9 billion, with margins expanding to 44%—boosted by efficiency gains and integration synergies.

Two major real estate launches were sold out within a day, including the Wadeem community’s Dh5.5 billion residential plot sell-out in July, setting the stage for a strong second half.

Internationally, Modon expanded its footprint to 13 countries through acquisitions and investments in the UK, North America, Egypt, and Spain. The company also launched Gridora, a new infrastructure platform created in partnership with ADQ and IHC, aimed at leading key infrastructure projects in the UAE and abroad.

Gridora signed an MoU with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to support the delivery of ADPIC’s Dh35 billion transport infrastructure mandate.

“Our H1 results reflect disciplined execution of our strategic roadmap,” said Abdullah Al Sahi, Group Managing Director of Modon Holding. “We’re building a future-ready portfolio with global reach, expanding into priority markets and strengthening our asset base.”