Spinneys reports revenue growth following store openings
Supermarket operator Spinneys said revenue rose in 2025, supported by new store openings and higher online sales.
Revenue rose 13 percent year on year to AED3.6 billion ($980 million), driven by like-for-like sales growth of 11 percent and the opening of 13 new stores across the UAE and Saudi Arabia since October 2025. As a result, net profit rose 15 percent year on year to AED332 million.
However, the average basket size – spend per transaction – fell slightly to AED85.2 from AED87.1 in 2024.
Online sales penetration grew to 17 percent last year, up from 14 percent the previous year.
Revenue rose 14 percent year on year to AED1.1 billion in the fourth quarter of 2025, while net profit was up 11.4 percent annually to AED120 million.
The company’s board recommended a dividend of AED129.6 million, subject to shareholder approval. This brings the total dividend to AED249 million, or 75 percent of profit after tax for 2025.
The Dubai-listed company’s share price closed 0.6 percent higher at AED1.57 on Wednesday. The stock is up 5 percent in the year to date.
Al Seer Group owns 76.89 percent of the company.
Further reading:
- Aldar and Mubadala tie-up to scale Abu Dhabi retail offerings
- Chinese jeweller Chow Tai Fook to enter Middle East
- Americana diversifies into Lebanese cuisine as profits rise
You May Also Like
Tether is testing its local AI assistant QVAC and plans to open-source it.
XRP Ledger Foundation Names Brett Mollin as New Executive Director
