Spinneys reported a 1.9% year-on-year increase in net profit to AED 87 million for Q1 2026, with profit before tax holding stable at AED 101 million despite regional volatility impacting the latter part of the quarter.
Total revenue grew by 11.9% to AED 1,014 million, driven by 7.4% like-for-like sales growth and the expansion of the store network, including 13 new openings in the UAE and Saudi Arabia since April 2025.

Operating performance was supported by a rise in online sales penetration to 18.8% and increased transaction volumes (up 8.5%), though gross profit margins narrowed slightly to 40.1% from 41.3% in the prior year.

Management attributed the resilient performance to a robust integrated sourcing model and a community-focused store footprint, with 88% of locations situated in residential areas that were less affected by regional disruptions to tourism and office-led traffic.

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Spinneys Q1 2026 Press Release EN.Pdf

Spinneys 1961 Holding PLC - Freezone