Fujairah Building Industries (FBI) reported a 59% year-on-year increase in net profit to AED 17.13 million for the first quarter ended March 31, 2026, up from AED 10.76 million in Q1 2025.
Total revenue grew 8.4% to AED 67.69 million, driven primarily by the manufacturing segment (AED 63.26 million), while gross profit margins improved significantly to 44.72% from 38.35% in the prior-year period.
The manufacturing segment contributed AED 15.83 million in profit before tax, offsetting a loss of AED 1.08 million in the quarrying segment, which saw its revenue decline from AED 9.47 million to AED 6.73 million.
Following the reporting period, the General Assembly approved a 30% cash dividend totaling AED 40.8 million (30 fils per share) and authorized the liquidation of the long-discontinued Emirates Ceramics Factory subsidiary.