ZAWYA-PRESSR: Spinneys delivers its largest annual store network growth to date

About this update from Spinneys 1961 Holding Plc

13 new stores opened across the UAE and KSA in 2025Adjusted EBITDA of AED 731 million, up 15.9%, with industry leading margin of 20.0% driven by higher Fresh and Private Label salesProfit before tax grew 22.4% to AED 395 million, with profit for the period up 14.5% to AED 332 millionBoard recommends a final dividend of AED 129.6 million, equivalent to 3.60 fils per share, which will result in full year dividend at 75% of profit for the yearDubai, UAE: Spinneys (“Spinneys” or the “Company”), the region’s leading premium fresh food retailer, has announced its financial results for the twelve-month and three-month periods ending 31 December 2025. Annual revenues reached AED 3.6 billion, increasing 13.1% compared to the same period in 2024. This was driven by thirteen new store openings, strong like-for-like growth and higher online penetration. Profit before tax grew by 22.4% to AED 395 million, with profit for the period increasing by a strong 14.5% to AED 332 million on the back of higher fresh and private label sales participation. 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 reflects the strength of the Spinneys brand as well as the effectiveness of our strategy to deliver high quality fresh food and convenience across every channel. We achieved double-digit revenue growth while expanding our footprint and enhancing our profitability, demonstrating the resilience of our model and the loyalty of our growing customer base. As we look ahead, we remain focused on advancing our expansion plans in the GCC and Southeast Asia, further growing our digital platforms, and continuing to set new benchmarks for premium grocery retail.”Financial HighlightsAED (m)Q4 2025Q4 2024YoYGrowth (%)FY2025FY2024YoYGrowth (%)Revenue1,05392713.7%3,6473,22613.1%Gross Profit45238816.6%1,5311,33614.7%Adj. EBITDA[1]2282108.8%73163115.9%Profit Before Tax14212018.8%39532322.4%Profit12010811.4%33229014.5%Revenue: Increased by 13.1% year-on-year, reaching AED 3.6 billion in the twelve-month period ending 31 December 2025. Top-line growth was driven by like-for-like sales growth of 10.7% and the opening of thirteen new s...

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