PRESSR: Spinneys shows resilient Q3 growth through Summer

About this update from Spinneys 1961 Holding Plc

Adjusted EBITDA of AED 503 million, up 19.5%, with industry leading margin of 19.4%Profit before tax grew 24.4% to AED 253 million, with profit for the period up 16.4% to AED 212 million10 new stores opened across the UAE in 2025Regional expansion announced during the quarter, with plans to enter into the Kuwait market and international expansion into the Philippines.Dubai, UAE – Spinneys (“Spinneys” or the “Company”), the region’s leading premium fresh food retailer, has announced its financial results for the third quarter and nine-month period ending 30 September 2025. Nine-month revenues reached AED 2.6 billion, increasing 12.8% compared to the same period in 2024. This was driven by ten new store openings, higher fresh and private label sales participation, strong like-for-like growth and higher online penetration. Profit before tax grew by 24.4% to AED 253 million, with profit for the period increasing by a strong 16.4% to AED 212 million. This is after absorbing the impact of 6% additional corporate tax, based on the applicability of Pillar Two Rules, which provide for a minimum tax of 15%, thus reflecting Spinneys’ industry-leading efficiency and margin profile.Sunil Kumar, Chief Executive Officer at Spinneys, commented:“Our strong performance in 2025 continues, reflecting our ongoing focus on strategic store expansion, the enhancement of our fresh food and private label assortments, and the integration of digital innovation across our business. During the quarter we were especially proud to announce our entry into Kuwait and the Philippines, which represent significant milestones in our regional and international growth journey. Even as we navigate an evolving regulatory and tax environment, our operational discipline and ability to deliver value across our markets continue to set Spinneys apart and position us for long-term success.”Financial HighlightsAED (m)Q3 2025Q3 2024YoYGrowth (%)9M 20259M 2024YoYGrowth (%)Revenue77770110.8%2,5932,29912.8%Gross Profit32728913.0%1,07994813.9%Adj. EBITDA[1]13811618.3%50342119.5%Profit Before Tax504024.6%25320324.4%Profit413517.2%21218216.4%Resilient Top-Line Growth with Best-in-Class ProfitabilityRevenue: Increased by 12.8% year-on-year, reaching AED 2.6 billion in the first nine months of 2025. Top-line growth was driven by like-for-like sales growth of 10.3% and the opening of thirteen new stores across th...

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