The “Mir” Group, listed on the Abu Dhabi Securities Exchange and operating in the retail and commercial real estate sectors, has announced its financial results for the six months ending June 30, 2025.
The group’s net accounting profit decreased from 130.9 million dirhams in the first half of 2024 to 81.8 million dirhams in the first half of 2025. However, the group reported a solid performance on an adjusted basis, with adjusted net profit increasing by 57%, driven by improved operational performance and reduced financing costs following the repayment of all debts.
The first half results for the previous year benefitted from one-time gains due to the sale of non-core assets, partially offset by expenses related to the merger process.
Group revenues reached 1.02 billion dirhams in the first half of 2025, coinciding with expectations for the completion of the strategy to launch the unified brand “Adcob” and the reorganization of the group’s retail portfolio to focus on achieving sustainable growth.
In this context, the retail sector contributed revenues of 877.7 million dirhams, with a 5% decline in like-for-like sales during this transitional period, along with a downturn in low-margin wholesale sales activities.