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The text refers to the consolidated interim financial statements of Alnaeem Holding Company for Investments (S.A.E) - Freezone, for the period ending March 31, 2026. These statements are accompanied by a limited review report.
Drake & Scull International (DSI) reported a revenue of AED 76.6 million in the first quarter of 2026, marking a 152% increase compared to the same period in 2025. The net profit for the quarter reached AED 4.4 million, an 81% rise year-on-year. The company, active in engineering, construction, and development, attributed the growth to accelerated execution in its infrastructure and water treatment projects. The gross profit increased significantly to AED 8.2 million, with the gross margin improving from 7% to 11%. Despite regional challenges, DSI maintained a stable balance sheet, with total assets at AED 583.4 million and strong liquidity with cash and bank balances at AED 209.4 million. Total equity stood at AED 191.8 million.