Palms Sports has experienced positive performance since the beginning of 2026, reporting revenues of 290 million dirhams in the first quarter, up from 276 million dirhams during the same period in 2025.
Operating profits increased to 36.6 million dirhams, compared to approximately 30.2 million dirhams in the first quarter of 2025, indicating a clear improvement in operational efficiency and resource utilization.
In terms of net profit, the company maintained a strong stability at 18.3 million dirhams, reflecting its ability to balance growth and sustainability amid operational changes.
Fouad Darwish, CEO of the company, stated: “The proactive approach and long-term vision adopted by our leadership have contributed to building a balanced development model that combines economic strength and social cohesion, providing a secure and encouraging environment for business and investment. It is clear that this stability is not coincidental but rather a result of established policies that place people at the heart of priorities and support various vital sectors, especially sports, enhancing the quality of life and sustaining long-term growth.”
Operational Performance
Darwish added: “There is no doubt that the growth in operating profit during the first quarter reflects a significant improvement in operational performance, as the company recorded a clear increase compared to the same period last year, driven by expanding contract reach, improving cost management, and enhancing execution efficiency.”
He further explained: “The strong stability in net profit results from a balanced approach the company follows, focusing on achieving growth without compromising operational quality or increasing risks, especially in an environment that demands a high level of flexibility and discipline.”
He noted that the company’s efforts to achieve optimal results rely on several key pillars, including enhancing operational efficiency, increasing resource productivity, methodical expansion in value-added contracts and programs, investing in human capital and modern technologies to improve service quality, as well as deepening integration across training, events, sports medicine, education, and private security services.
He emphasized that the company is confidently progressing towards achieving better results throughout the year, based on a solid foundation of strong financial performance and a clear strategic vision for sustainable growth.
A Unique Model
He highlighted that the UAE represents a unique model in addressing challenges and managing crises. Our wise leadership has established a paradigm for sustainable growth despite market fluctuations or regional tensions.
Darwish stated: “As a result, Palms Sports operates at a steady and deliberate pace, despite the challenges posed by current regional conditions, as the company has developed a flexible operational model that allows it to adapt quickly to changes without compromising execution quality or the continuity of programs.”
He continued: “A clear testament to the stability of our operations is the ongoing sporting events and championships, including the UAE Warriors, which proceed as planned, with the implementation of the highest safety and risk management standards, ensuring the safety of both participants and the audience. However, some operational schedules may undergo slight modifications when necessary as part of flexible precautionary management, not due to a halt or decline in activity.”
Sports Investment
He noted: “It is well-known that the environment provided by the country, in terms of advanced sports infrastructure and large-scale national programs, has played a significant role in transforming sports into a fully integrated economic sector, capable of delivering sustainable returns in the long run.”
Darwish added: “Palms Sports contributes directly, through its network of over 1,400 coaches and by offering advanced training programs serving more than 240,000 participants, to support this direction by enhancing community health and improving human capital efficiency.”
Expansion Plans
Regarding the company’s growth and expansion plans for the current year, he stated: “Palms Sports has ambitious short, medium, and long-term plans focused on widening our impact and deepening integration across various sectors, thereby reinforcing our position as a strategic partner in the development of the sports sector.”