Today's Edition
ABU DHABI (ALETIHAD)
Modon Holding reported revenue of Dh13.8 billion and net profit of Dh3.9 billion for the full year 2025, marking its first full year of consolidated results following its formation in February 2024.
The Group said 2025 performance reflected accelerated execution of its strategy, with revenue rising 2.1 times year-on-year and adjusted EBITDA reaching Dh4.9 billion, up 2.5 times compared to the previous year. Net profit increased 19.9 times year-on-year excluding a prior-year one-off bargain purchase gain.
During 2025, L’imad Holding Company, wholly owned by the Abu Dhabi Government, acquired an 84.75% stake in Modon Holding, strengthening the Group’s institutional and financial backing. The company said the integration supported delivery of its long-term strategy, and enhanced its ability to pursue growth opportunities.
Real estate sales reached Dh36.3 billion, growing 2.8 times year-on-year, including Dh29.8 billion generated in Abu Dhabi. Group revenue backlog stood at Dh46 billion, up 1.8 times year-on-year, with development sales accounting for 93% of the backlog.
Recurring revenue contribution reached 46%, while total assets increased 15% compared with 31 December 2024 to Dh87 billion. Total equity rose 8% to Dh55 billion. The Group closed the year with a net cash position of Dh1.8 billion and Dh8.6 billion in available cash.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, said: “Building on the sustained growth momentum of recent years, 2025 marked a new phase of accelerated strategic transformation for Modon, mobilising an integrated business platform aligned across development, investment, and asset management. This approach strengthened the Group’s institutional readiness to capture high-value opportunities across both local and international markets, while expanding its global footprint in line with strategic priorities and an ambitious long-term vision.
“Modon’s 2025 achievements reflect a clarity of strategic direction and a growing ability to translate vision into sustainable economic value. This is being realised through the development of fully integrated urban ecosystems, improved capital allocation efficiency, and enhanced resilience and sustainability of future cash flows.”
Abdullah Al Sahi, Group Managing Director of Modon Holding, said: “Modon Holding’s full-year 2025 results mark a clear step in delivering its long-term strategy, as the Group expanded its operations and further diversified its investment portfolio during a pivotal year of transition.
“Supported by strong real estate performance in Abu Dhabi, Egypt, and Spain, alongside continued growth in recurring income businesses and disciplined international investments, Modon strengthened its operational platform and enhanced its ability to deliver sustainable value, reinforcing its position as a strategic partner driving quality growth across regional and global markets.”
Bill O’Regan, Group Chief Executive Officer of Modon Holding, said: “2025 was a year of delivery for Modon. Execution across flagship destinations, continued progress across international markets, and the integration of strategic acquisitions strengthened the quality and resilience of our earnings. As we enter 2026, Modon is well positioned to build on this momentum, with a disciplined focus on delivery, value creation and long-term growth.”
