Q2 2026 Aldar Properties PJSC Earnings Call Transcript
Key Points
- Aldar Properties PJSC (ADX:ALDAR) reported an 8% year-on-year increase in first-half revenue to AED16.4 billion.
- Earnings per share rose 17% to 53 fills, indicating strong profitability.
- EBITDA increased 21% year-on-year to AED4 billion, driven by recognition of development revenue backlog.
- Aldar Investment delivered revenue growth of 12% year-on-year to AED4.2 billion, supported by high occupancy and rental growth.
- The company secured a AED5 billion five-year syndicated sustainability-linked revolving credit facility, enhancing its financial position.
- Group Development sales declined 34% to AED12.1 billion year-on-year, reflecting a more measured approach to new launches.
- Hospitality segment performance was impacted by regional geopolitical developments, with adjusted EBITDA declining 18% year-on-year.
- The company revised down its full-year group development sales guidance from AED45 billion to AED49 billion to AED30 billion to AED34 billion.
- There was a modest uptick in default rates, with 90-day plus defaults at 1.3% to 2%, slightly higher than historical levels.
- Construction cost pressures were noted, although mitigated through competitive tendering and early procurement.
Welcome, everyone, and thank you for joining the Aldar Properties H1 2026 financial results presentation. My name is Gabrielle, and I will be coordinating your call today. (Operator Instructions)
I will now hand over to your host, Mr. Faisal Falaknaz. Please go ahead.
Thank you all for joining today's call to discuss Aldar's financial results for the first half of 2026. As.
The latter part of the first quarter and much of the second quarter coincided with a period of heightened region of retention disrupting market activity across the UAE.
However, the UAE has demonstrated remarkable resilience in many dimensions from security to continuity and economic activity.
We have seen business activity continuing largely uninterrupted. Public and private sector investment commitments reinforced and consumer confidence has held up well.
Against that backdrop, Aldar delivered a resilient first half, underpinned by a sizable backlog,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
