Financial statements for the year of 2026

Al Firdous Holdings reported a consolidated net loss of AED 356,038 for the fiscal year ended March 31, 2026, a sharp reversal from the AED 4.31 million net profit recorded in the previous year.
Total income for the period plummeted to just AED 647, down from AED 5.11 million in 2025, while accumulated losses expanded to AED 39.96 million as of year-end.
Independent auditors issued a disclaimer of opinion due to the inability to verify the recoverability of AED 326.8 million in receivables from a 2011 investment portfolio sale and AED 289.9 million in property advances, which together comprise nearly 99% of total assets.
The Group continues to prepare financial statements on a going concern basis despite the losses, citing a formal commitment from its major shareholder to provide ongoing financial support to meet its obligations.