Emirates Stallions Group Reports 32% Increase in Operating Profit Driven By Continued Execution Across Core Business Lines in Q1 2026
ESG EMIRATES STALLIONS GROUPADXGeneral Disclosure | General Press ReleaseApril 29, 2026View on exchange
AI Summary
- Emirates Stallions Group (ESG) reported a 32% year-on-year increase in operating profit to AED 79 million for the first quarter ended March 31, 2026.
- Revenue grew 11% to AED 370 million, supported by performance in real estate development and manpower services through Sawaeed Holding.
- Net profit for the period increased 29% to AED 68.6 million, and total assets rose to AED 4.8 billion, a 10% increase from year-end 2025.
- The group achieved a full sell-out of its AED 1 billion Rotana Residences development on Al Reem Island ahead of its official launch.
