Lulu Retail reported a slight increase in its net profits for the first nine months of 2025. The company’s profits rose by 7.5% year-on-year, reaching $162.92 million. This growth was spurred by a steady increase in revenues, which rose by 4.7% to $5.99 billion from $5.72 billion in the same period last year.
In the third quarter of 2025, Lulu Retail achieved a net profit of $35.95 million, slightly up from $35.11 million in the same quarter the previous year. The EPS for this quarter reflected a minor increase from $0.34 to $0.35, while revenues grew by 2% to $1.89 billion, indicating consistent performance.
The company’s earnings per share (EPS) saw a decline, reaching $1.58 compared to $1.79 from the past year.
Saifee Rupawala, CEO of Lulu Retail, commented, “Year-on-year customer count growth of almost 5% demonstrates the strong appetite for Lulu’s value-to-premium offering. Nine months into the year, our store rollout program remains on track and like-for-like sales are positive in all our countries except Bahrain.”
Rupawala added: “We are evolving our customer offering with a trend towards smaller stores and a disciplined rollout program. Combined with internal efficiency measures, the decisions we are taking today will help us to continue to be the leading pan-GCC full-line retailer in the years to come.”
Lulu opened six new stores in Q3.
During the first half of 2025, Lulu Retail reported a 9.1% increase in net profit, which amounted to $126.96 million.
