Financial statements for the year of 2025

Emaar Development PJSC received an unmodified audit opinion for its consolidated financial statements for the fiscal year ended 31 December 2025, confirming that the report fairly represents the group’s financial position.
Specific net profit, revenue, and year-on-year growth figures were not disclosed in the provided source material, which contains the Independent Auditor's Report but excludes the detailed financial statement tables.
Revenue recognition from the sale of development properties was identified as a key audit matter, as it involves significant management judgment regarding the timing of performance obligations and the estimation of total costs to complete projects.
The valuation of development properties, including completed projects and those under construction, remains a critical focus area for investors due to the sensitivity of net realizable value to market conditions and management assumptions.