Abu Dhabi National Hotels Co. Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
Abu Dhabi National Hotels Co. Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 20, 2026·View on exchange
AI Summary
Abu Dhabi National Hotels reported a 31% year-on-year decline in net profit to AED 108 million for the first quarter ended March 31, 2026, cited as a result of regional uncertainty and military operations impacting tourism and business travel.
Total revenue decreased by 2% to AED 863 million, as a 13% growth in the catering segment was offset by revenue declines in the hotel (-10%) and transport (-42%) divisions.
Group EBITDA fell 14% to AED 233 million, driven by a 14% drop in hotel segment earnings and a 15% decrease in catering EBITDA due to rising material costs and supply chain challenges.
Shareholders' equity decreased by 3% to AED 11.2 billion compared to December 2025, following a cash dividend payout of AED 378 million during the period.
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