Dubai-headquartered supermarket chain Spinneys recorded a 14% rise in net profit for the first quarter of 2025, reaching AED 85 million (USD 23 million).
Quarterly revenue increased by more than 11% year-on-year to AED 906 million, supported by the opening of three new branches and a rise in online sales.
Spinneys, which became publicly listed on the Dubai Financial Market following its IPO earlier last year, intends to launch 10 to 12 new outlets across the UAE and Saudi Arabia by the end of the year.
The company anticipates revenue growth of between 9–11% in 2025, driven by the expansion of its store network and a like-for-like sales rise of 4–6%.
