Modon Holding posts Dh2.1 billion profit in H1
ABU DHABI (ALETIHAD)Modon Holding delivered a net profit of Dh2.1 billion for the first half of 2025, marking a 4.2-fold increase compared to the same period last year (excluding one-off items), on the back of strong real estate sales, improved recurring income, and strategic acquisitions.The Abu Dhabi-headquartered holding company also saw its revenue triple year-on-year to Dh6.5 billion, supported by high demand for new property launches and a growing portfolio of income-generating assets across hospitality, events, and asset management segments. Group EBITDA rose 4-fold to Dh2.9 billion, with margins expanding to 44%, driven by synergies, efficiency gains, and a more balanced portfolio mix.A key highlight was the company's record Dh10 billion in real estate sales, fuelled by strong uptake of flagship developments on Reem and Hudayriyat Islands. The firm's total revenue backlog reached Dh33 billion, providing strong forward visibility. Total assets climbed to Dh85 billion, up 12% from end-2024, while equity rose to Dh53 billion.Chairman Jassem Mohammed Bu Ataba Al Zaabi said the first-half results marked 'another pivotal chapter' in Modon's transformation. 'Exceptional commercial performance and strategic delivery continue to accelerate our transformation, enabling us to scale across high-impact sectors. We remain focused on long-term value creation while reinforcing Abu Dhabi's position as a global hub for investment, innovation and sustainable urban development.'Group Managing Director Abdullah Al Sahi highlighted the disciplined execution of Modon's strategy. 'Continued expansion into priority markets such as the UK and North America, alongside targeted growth across Egypt and Spain, reflects our commitment to building a future-ready portfolio with global reach.'Group CEO Bill O'Regan attributed the strong results to Modon's diversified model and focused execution. 'Revenue and EBITDA grew significantly, driven by high-demand real estate launches, stable recurring income and disciplined capital deployment. Record sales of Dh10 billion and a robust development pipeline reinforce forward visibility.'
Modon also advanced its international footprint with investments in the UK and Egypt, including the launch of Gridora, a new infrastructure platform, and the acquisition of global events firm Arena. With Dh5.5 billion in sales already recorded in July through its Wadeem residential plot launch, Modon enters the second half with strong momentum.
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