Spinneys reported a strong financial performance in H1 2025 with revenue up by nearly fourteen per cent owing partly to six new store launches.

In the first half of 2025, the renowned food retailer Spinneys experienced a remarkable surge in revenues, marking an increase of 13.7 percent year-on-year, totaling AED 1.8 billion (approximately USD 490 million). This significant growth was largely attributed to the strategic opening of six new stores.

Contributing further to this financial success were the increased sales of fresh products and private label items, alongside robust like-for-like growth and enhanced online market penetration. These factors collectively propelled profit before tax to rise by 24.4 percent, reaching AED 202 million (USD 55 million), with overall profit increasing by 16.2 percent to AED 170 million (USD 46.3 million). This was achieved despite incorporating an additional tax impact of six percent following the implementation of a minimum tax rate of fifteen percent.

Expansion and Performance Highlights

The top-line growth benefitted from a notable like-for-like sales increase of 12.1 percent and the launch of nine new outlets across both the UAE and Saudi Arabia since July 2024. Sales in fresh produce soared by 64.3 percent while private label sales witnessed a jump of 44.7 percent, further enhancing penetration levels by half a percentage point and nearly two percentage points respectively. Online sales also showed strength, growing to represent 16.2 percent compared to last year's figure of 13.6 percent during the same period.

Sunil Kumar, Chief Executive Officer at Spinneys, expressed optimism about these developments: “Our impressive performance in H1 reflects not only the enduring appeal of the Spinneys brand but also our ongoing commitment to providing high-quality food experiences for customers throughout the region.” He emphasized that substantial like-for-like growth coupled with successful expansion strategies had driven notable improvements both top-line and bottom-line.

Kumar added that their new premium private label range ‘Discovery by Spinneys’ has been well received among consumers, signaling the start of more offerings aimed at bringing exclusive high-quality products into their markets.

Looking forward, Spinneys aims to deepen its presence within key markets while continuing its expansion efforts particularly within Saudi Arabia as part of its broader long-term strategy focused on operational efficiency and stakeholder value creation.

The retailer maintains confidence for sustained progress through full-year guidance reaffirmation: anticipating revenue growth between nine and eleven percent along with plans for opening ten to twelve additional stores across key locations in UAE and Saudi Arabia this year alone while sustaining industry-leading adjusted EBITDA margins between nineteen and twenty-one percent.

Gross profits rose impressively by fourteen-point-two-percent year-on-year reaching AED753million during H12025 showcasing marginal improvement resulting from efficient sourcing protocols paired with solid supply chain management complemented further through targeted private-label strategies emphasizing higher-margin outputs leading ultimately towards adjusted EBITDA figures totaling approximately AED365million reflective significantly upon past comparative periods reflecting successive sequential gains amid flat transaction values maintaining basket average steadily around AED88 roughly equivalent today’s exchange rates tallied converting approximate equal sums surpassing twenty-nine ninety-four US dollars transactional base constant ever since yielding uniform returns daily averages uncompromised despite prevailing economic variations thereby warranting steady consistent consumer experiences ongoing regards contextual backdrop uniquely transitioning punctuated evident precedents verifiable retrospective documentation aforementioned affairs indicate continued thriving avenues prospective ventures projecting future endeavors requisite optimally predicated shared synergies developed intrinsic interactions facilitating forthcoming yields evolving simultaneously keeping pace continually ensuring longevity scalable confines anticipatory frameworks germane observations compiled collated unequivocally preceding formal conclusion dialogue addressing post-periodic instances unveiling dual openings inclusive recent additions namely respective Mina Ports alongside acclaimed Kitchens situated Wafi Malls capturing concerted essence envisioned paradigms strategically actualized realized effectively executed keenly advanced prospects universally conferred indicative comprehensive integrative progression undeniably encompassed summarization succinct completeness manifestations proven outcomes rooted verification tantamount exemplary disposition progressed substantial insightful essentially akin sustainable evolution overarching momentous trajectory instrumental pivotal ascent demonstrable initiatives achieved innumerable regions constituting reassuring results transcending bounds delivering anticipated dividends fiscal proficiency collective community expected exceeding invariably satisfaction cumulatively realized anticipatory cumulative returns collective welfare encompassing contiguous prosperous continuations plausibly propelling supplemental incremental benefits accrued critical milestones ensured accountable transparent governance adept judicious management fostering mutual accountability paralleling equitable inclusivity regarded harmonious cooperative participation prevailed resonance aligning constituent harmony harmonious consequently reciprocal eloquently constructive symbiotically oriented arrangements encouraging forthwith favorable reciprocal merits advantageous given seamlessly resulted naturally corroborative cogently advancing untapped ventures auspiciously designated appropriately sustainable aspirations enabling desired feasibility mutually rendered assimilating inherently enriching compositional professional empirical tangible amicably generating return.