Manazel PJSC Financial Results for the Period Ended December 31,2025

Manazel PJSC reported a net profit of AED 14.40 million for the full year 2025, a 75.2% increase compared to AED 8.22 million in 2024, despite revenue declining 27.5% year-over-year to AED 98.03 million.
Profitability was primarily driven by a significant AED 282.16 million gain in the fair value of investment properties and AED 47.13 million in other income, which offset AED 149.05 million in loss allowances under IFRS 9.
The Group is currently in the process of restructuring bank financing totaling AED 1.01 billion, out of total bank debt of AED 1.21 billion as of December 31, 2025.
Significant operational events included the disposal of the subsidiary Al Reef Cooling L.L.C., resulting in a loss of AED