Supermarket operator Spinneys saw revenues rise in double-digits across 2025 owing to new store openings and higher online sales.
Revenue increased 13% YoY, rising to $980M driven by 13 new stores and sales growth of 11%. All 13 new stores are in the UAE and KSA. Net profit rose 15% to AED 332M. Together net profit increased by 15% to AED 332M in 2025.
Online sales grew to 17% YoY, up from 14% the previous year.
However, the average basket size – spend per transaction – fell from AED 87.1 to AED 85.2 (2024).
The firm’s board recommended a dividend of AED 129.6M pending shareholder approval. This aligns total dividends to AED 249M – equivalent to 75% of profit after tax for 2025.
The Dubai-listed company’s share price closed 0.6% higher at AED 1.57 on Wednesday.
Al Seer Group owns a majority stake (76.89%) of the firm.
Stay Up to Date with the Latest Updates at Finance ME!
Markets Shift as U.S. Issues Vessel Guidance on Strait of Hormuz
Mubadala Venture and TWG Giant Acquires Clear Channel Outdoor for $6.2B
