Business
Dar Global Half Year 2025 Results
Dar Global PLC announced its unaudited interim results for the six months ended June 30, 2025, revealing significant growth. The company's strategic move into Saudi Arabia fueled scalable growth, increasing the Gross Development Value (GDV) by approximately 66% from US$7.5 billion in December 2024 to US$12.5 billion. Revenue for the period reached US$155.4 million, a substantial increase from US$44.5 million in HY 2024, with a gross profit of US$47.4 million compared to US$14.6 million. EBITDA for the period was US$26.8 million, a significant turnaround from a loss of US$8.3 million in the previous year. The company reported a profit of US$12.2 million, contrasting with a loss of US$12.8 million in HY 2024. Contracted sales rose to approximately US$2.9 billion from 3,509 units, up from US$1.3 billion from 1,797 units. Cash balances stood at US$634.7 million, and net asset value was US$495.5 million. Disclaimer*
About this update from Dar Global Plc
[{"type":"text","content":"\n\nDar Global PLC\n(Incorporated in England and Wales)\nCompany Number: 14388348\nISIN: GB00BQXNJY41\nLEI: 213800XRFXQ1KEWACW80\n \n25 September 2025\n\n \nDAR GLOBAL PLC\n('Dar Global', or the 'Company', or the 'Group')\n \nHalf-year results for the six-month period ended 30 June 2025\n \n'Strategic move into Saudi Arabia fuels scalable growth;\nGDV increases ~ 66% from US$7.5 billion (Dec 2024) to US$12.5 billion'\n \nDar Global, the luxury international real estate developer, today announces its unaudited interim results for the six months ended 30 June 2025 ('HY 2025' or the 'period').\n \nHighlights\n \n\n\n\n\n•\n\n\nDar Global received approval from the UK Financial Conduct Authority ('FCA') for admission to the Equity Shares (Commercial Companies) category of the London Stock Exchange ('LSE'). The Company will be the first GCC-based business to be listed under the ESCC category.\n \n\n\n\n\n•\n\n\nNeptune, Interiors by Mouawad in Saudi Arabia, launched in September 2024, achieved a key sales and construction milestones, enabling the Company to recognise revenue in line with its accounting policy during the first half of 2025. The project remains on schedule for completion in Q4 2027.\n \n\n\n\n\n•\n\n\nIn August 2025, Dar Global secured development rights for an integrated scheme in Riyadh valued at ~US$2.8 billion through partial land acquisitions and a joint development agreement, anchored by a US$300 million land acquisition.\n \n\n\n\n\n•\n\n\nThe Company announced on 11 August 2025 a landmark joint development agreement for a mixed-use project in Jeddah, on one of the city's most prominent areas, with an estimated GDV of approximately ~US$1.9 billion. These are significant parcels of land with the opportunity to develop luxury villas, a world-class golf course and a luxury hotel.\n \n\n\n\n\n•\n\n\nDar Global secured an increase in its Litmus Facility by an additional US$165 million, bringing the total limit to US$440 million further enhancing liquidity and providing support for acquisitions and expansion across key international markets.\n \n\n\n\n\n•\n\n\nAs announced on 11 August 2025, Dar Global intends to enter the financial services sector in the Dubai Internati...