Dubai Financial Market (DFM) reported a net profit before tax of AED1.06 billion for the fiscal year ended 31 December 2025, more than doubling 2024’s AED409.3 million. Moreover, the result reflects strong trading activity, growing international participation, and sustained investor confidence in Dubai’s capital markets. Total consolidated revenues rose to AED1.28 billion, with EBITDA reaching AED1.13 billion and an 88% margin.
Performance in the fourth quarter remained robust, with net profit before tax of AED124.4 million compared to AED110.6 million in Q4 2024. Additionally, the average daily traded value reached AED692 million, while the total traded volume exceeded AED174 billion. The average daily number of trades increased by 31% year-on-year, supported by institutional participation and cross-border activity.
Market Expansion and Capital Raising
DFM’s General Index rose 17.2% in 2025, with total market capitalisation reaching AED992 billion. Furthermore, 97,394 new investors joined during the year, 84% of whom were foreign, while foreign investors accounted for 51% of total trading value. Institutional investors accounted for 71% of trading activity, underscoring DFM’s position as a trusted gateway for regional and international capital.
Significant capital-raising activity included the IPO of Dubai Residential REIT, which attracted AED56 billion in demand, and ALEC Holdings’ construction sector IPO, which raised AED30 billion with a 21-fold oversubscription. Additionally, the secondary public offering of Emirates Integrated Telecommunications Company (du) strengthened liquidity and free float. As a result, these transactions broadened sectoral diversity across real estate, telecommunications, and construction.
Innovation, Connectivity, and Outlook
Innovation remained central to DFM’s strategy. The launch of a centralised Securities Lending and Borrowing (SLB) framework enhanced liquidity and enabled sophisticated trading strategies. Moreover, digital platforms like iVestor were upgraded with AI-driven market insights, improving transparency and investor engagement.
DFM further strengthened international connectivity, including a Memorandum of Understanding with the Taiwan Stock Exchange and global roadshows in New York and London. Additionally, the third edition of the Capital Market Summit brought together over 1,500 market participants to explore IPO trends, cross-border capital flows, and technological transformation in markets.
Looking ahead, DFM will focus on enhancing liquidity, expanding product offerings, and deepening global connectivity. Therefore, with a strong financial foundation and a diversified investor base, the exchange is well-positioned to support the continued evolution of Dubai’s capital markets in line with the Dubai Economic Agenda D33.
