Drake & Scull International P.J.S.C

Drake & Scull International P.J.S.C

Pressreleases, Reports and Disclosures for Drake & Scull International P.J.S.C

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Dubai Financial Market News
Disclosure: Results of Board Decisions by Passing

On November 24, 2025, the Board of Directors of Drake & Scull International PJSC passed resolutions by circulation. They appointed Mr. Khaled Owaidat as a Board Member to replace Mr. Ahmad Al-Kilani for the remainder of his term, subject to ratification by the General Assembly at the next meeting. Additionally, the Board reconstituted the Audit Committee with members Mr. Khaled Oweidat, Mrs. Mia ZEČEVIĆ, and Mr. Mustafa Saifuddin.

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Dubai Financial Market News
Disclosure: Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Press release regarding financial results for the third QTR of 2025

Drake & Scull International PJSC (DSI) reported a net profit of AED 11 million for the third quarter of 2025, marking a significant turnaround from a net operating loss of AED 46.1 million in the same period last year. Revenue increased by 92% year-on-year to AED 134.9 million, supported by progress on key projects like the Arabian Hills project and the Bidkin project in India. The company also saw a 124.5% increase in gross profit compared to the previous year. Total assets decreased by 1.9% to AED 629.5 million, while total equity rose by 3.2% to AED 156.6 million. Cash and bank balances stood at AED 266.5 million, providing operational flexibility. DSI launched DSI Real Estate Development to drive new ventures, starting with the Majan plot project in Dubai, as part of its strategy to diversify and expand into real estate development.

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Dubai Financial Market News
Disclosure: Notification from the company
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Dubai Financial Market News
Disclosure: Financial statements for the 3rd QTR of 2025
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Dubai Financial Market News
Disclosure: Results of BOD Meeting
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Dubai Financial Market News
Disclosure: BOD meeting
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Dubai Financial Market News
Disclosure: Notification from the company
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Dubai Financial Market News
Disclosure: Resignation of BOD member
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Dubai Financial Market News
Disclosure: Results of BOD Meeting
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Dubai Financial Market News
Disclosure: BOD meeting
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Dubai Financial Market News
Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Drake and Scull International PJSC (DSI), a company specializing in contracting services for mechanical, electrical, and plumbing, as well as oil and gas, and water and wastewater treatment projects, reported a net profit of AED 6.5 million for the first half of 2025. This is in comparison to AED 3.8 billion in H1 2024, which included a one-time restructuring adjustment. Revenue increased by 57% to AED 77.9 million, driven by strong performance in projects across India, Tunisia, Romania, and Jordan. Gross profit rose to AED 5.9 million due to better cost management and project execution. Total assets decreased by 2.7% to AED 629.5 million, while total equity increased by 4.4% to AED 158.4 million. Cash and bank balances stood at AED 309.2 million, supporting operational flexibility. General and administrative expenses were AED 24.5 million, up from AED 21.2 million, due to higher legal, professional, and business development costs. DSI continued its restructuring plan, offsetting some accumulated losses against the statutory reserve.

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