The CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, has been invited to attend the Annual General Assembly Meeting of Drake & Scull International PJSC. The company announced the meeting in two local newspapers on March 26, 2026. The invitation details are attached. The letter is signed by Dana Abualghanam, the Board Secretary.

Drake & Scull International PJSC (DSI) reported a net profit of AED 47 million for 2025, transitioning from restructuring to operational recovery. The company's revenue increased by 116% year-on-year to AED 223.8 million. Total assets decreased by 6% to AED 610.8 million, while total equity rose by 29% to AED 195.4 million. Cash and bank balances stood at AED 235 million, aiding operational flexibility. The revenue growth was driven by project execution in core markets and conversion of the order book into revenue, with significant progress in infrastructure and water projects. The year marked DSI's first full year of normalized profitability post-restructuring, with improved gross profit due to cost management and efficiency gains. Asset optimization and a stronger equity position contributed to financial resilience and sustainable growth.

The preliminary financial results for 2025 show a significant improvement in the company's operational and financial performance, with revenues rising to AED 223.8 million from AED 103.7 million in 2024, marking over 100% growth. The group also reported a consolidated net profit of AED 47 million, leading to an increase in total group equity from AED 151.8 million to AED 195.4 million, indicating ongoing recovery and stabilization. A recent media report inaccurately stated that the company recorded losses of AED 75.6 million. The company clarified that this figure represents the net loss attributable to equity holders of the parent company after accounting for subsidiary results based on ownership interests. This amount includes certain provisions and adjustments in line with IFRS and excludes non-controlling interests, which amounted to AED 122.7 million. The company emphasized that focusing solely on this figure, without considering the consolidated net profit, does not accurately reflect the group's overall financial performance. This clarification aims to ensure an accurate presentation of the company's financial results.

Drake & Scull International PJSC (DSI) has entered into a Strategic Collaboration Agreement with Prestige One Developments, a Dubai-based luxury real estate developer. This partnership includes a binding agreement on sales, marketing, and branding for DSI's Majan project, aiming for a sales launch in the first quarter of 2026. The collaboration will see Prestige One utilizing DSI's engineering and construction expertise, particularly in MEP works, for upcoming projects. This arrangement provides DSI with increased visibility on future MEP contracts, enhancing its order book and revenue prospects. The partnership combines Prestige One's development skills with DSI's engineering capabilities to ensure quality and timely project execution, while also setting a foundation for future joint projects.

Drake & Scull International PJSC's subsidiary, Passavant Energy & Environment GmbH, has secured a EUR 17 million contract for the Tanta Wastewater Treatment Plant Rehabilitation in Egypt. This contract strengthens DSI's involvement in the water and environmental infrastructure sector in the Middle East and North Africa. Passavant will handle the design, engineering, procurement, installation, testing, and commissioning of electromechanical systems and piping, and will operate the facility for two years, training local staff. The project aims to enhance water treatment capacity with a new facility designed for 100,000 m³/day, alongside the existing 60,000 m³/day plant, focusing on operational reliability and minimal environmental impact. Construction will last 27 months, followed by 24 months of operation and maintenance, improving water management and public health in the region.