Union Properties PJSC Posts Record Financial Performance: A 162% Profit Surge in 2025
Summary
Union Properties PJSC has achieved a significant financial turnaround, reporting a 162% increase in profit for the first nine months of 2025 compared to the same period last year. The company's strategic initiatives, including debt reduction and asset sales, have strengthened its financial position and liquidity.Union Properties PJSC: Financial Performance Analysis
Union Properties PJSC (DFM: UPP) has announced its financial results for the nine months ended 30 September 2025, demonstrating a strong financial recovery and growth trajectory. The company reported a profit of AED 139 million, a 162% increase from AED 53 million during the same period in 2024. Revenue increased by 32% to AED 513 million, driven by improved operational efficiency and higher contributions from subsidiaries.
Key Performance Indicators
| KPI | 2025 | 2024 | Change (%) |
|---|---|---|---|
| Revenue | AED 513 million | AED 389 million | +32% |
| Net Income | AED 139 million | AED 53 million | +162% |
| Cash Balances | AED 455 million | N/A | N/A |
| Debt | AED 302 million | AED 1.5 billion | -80% |
Analysis of Financial Health
Union Properties has significantly improved its financial health by reducing its bank loans from AED 1.5 billion to AED 302 million, marking an 80% reduction in debt. The company achieved AED 2.7 billion in asset sales, which has bolstered its liquidity and balance sheet. The cash and bank balances reached AED 455 million, the highest in many years, highlighting strong liquidity.
Strategic Developments and Future Outlook
The company continues to build momentum through strategic investments and disciplined project execution. A landmark AED 2 billion development is set to launch by the end of October 2025. Additionally, the acquisition of the Housekeeping Group through its subsidiary ServeU LLC added AED 40 million in revenue and AED 4.8 million in net income in just two months.
Conclusion
Union Properties' recent financial performance indicates a strong recovery and positions the company well for future growth. The reduction in debt and increase in liquidity provide a solid foundation for continued expansion and value creation for shareholders. Investors should consider the company's strategic initiatives and financial health when making investment decisions.
