Drake & Scull Reports Significant Losses in 2025
Drake & Scull has announced a loss attributable to the parent company’s shareholders of 75.6 million dirhams by the end of 2025. This marks a stark contrast to the profit of 3.75 billion dirhams reported during the same period in 2024.
Revenue Growth and Consolidated Net Profit
According to the company’s disclosure on the Dubai Financial Market, revenues for 2025 surged by nearly 116%, reaching 223.8 million dirhams compared to 103.7 million dirhams in 2024. The company also confirmed a consolidated net profit of 47 million dirhams for 2025, contributing to an increase in total equity from 151.8 million dirhams to 195.4 million dirhams. This indicates a continued recovery and stability in business operations.
Understanding the Losses
The reported loss of 75.6 million dirhams pertains to the parent company’s shareholders after accounting for the results of subsidiary companies based on ownership percentages. This figure includes the impact of certain provisions and adjustments recorded during the period in accordance with international financial reporting standards. It should be noted that it does not encompass the results attributable to non-controlling interests, which amounted to 122.7 million dirhams.
Corporate Restructuring
In the previous year, the company liquidated Drake & Scull International – Oman, a subsidiary in which it held a 51% stake. The liquidation process, which began in 2018, ultimately generated a profit of 150.6 million dirhams, of which 28 million dirhams was allocated to the parent company’s shareholders and 122.6 million dirhams to the non-controlling shareholders.