Deyaar reported a net profit of AED 130.2 million for the first quarter ended 31 March 2026, representing a 16.7% increase compared to AED 111.5 million in the same period of 2025.
Quarterly revenue grew to AED 447.1 million from AED 433.4 million YoY, supported by a 4.6% reduction in direct costs to AED 286.7 million, which helped mitigate a significant rise in income tax expenses to AED 17.6 million.
Net profit attributable to the owners of the company remained stable at AED 112.9 million with an unchanged earnings per share (EPS) of 2.58 fils; the overall growth in total profit was primarily driven by a turnaround in non-controlling interests, which contributed AED 17.2 million versus a loss in the prior year.
The company significantly bolstered its liquidity, ending the quarter with AED 2.36 billion in cash and cash equivalents, up from AED 1.84 billion in March 2025, following a net cash increase of AED 264.4 million during the period.
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