Spinneys 1961 Holding PLC reported a net profit of AED 86.8 million for the three-month period ended 31 March 2026, a slight 1.9% increase compared to AED 85.2 million in the same period of 2025.
Total revenue reached AED 1.01 billion, an 11.9% year-on-year increase from AED 906.5 million, driven by strong growth in contracts with customers despite a marginal decline in rental income to AED 11.6 million.
Profit growth was constrained by a 14.3% rise in cost of sales (AED 607.9 million) and a 12.7% increase in selling, general, and administrative expenses (AED 223.8 million), which collectively outpaced the rate of revenue expansion.
The Group declared dividends of AED 129.6 million during the first quarter of 2026, up from AED 100.8 million in the prior-year period, while maintaining a cash and cash equivalents balance of AED 125.3 million as of 31 March 2026.