Press release regarding financial results for the first quarter of 2026

Drake & Scull International (DSI) reported a net profit of AED 4.4 million for the first quarter of 2026, representing an 81% increase compared to the AED 2.5 million earned during the same period in 2025.
Revenue grew by 152% year-on-year to AED 76.6 million, driven by accelerated project execution within the Group’s infrastructure and water treatment portfolios across the UAE, Europe, Asia, and North Africa.
Gross margins expanded to 11% from 7% in the prior-year period, supported by improved project-level efficiency and a significant surge in gross profit to AED 8.2 million.
The Group maintained a solid liquidity position with AED 209.4 million in cash and bank balances, while progressing the Majan real estate development in Dubai into its construction phase.