Spinneys, the Dubai-listed supermarket chain, reported higher revenue for the first nine months of 2025, driven by the opening of new stores, stronger online sales, and increased demand for its fresh and private-label products.
Revenue rose 13 percent to AED 2.6 billion (USD 708 million), compared with AED 2.3 billion during the same period last year. The growth was supported by a 10 percent rise in like-for-like sales and the launch of 13 new outlets across the UAE and Saudi Arabia since October 2024.
Net profit increased by 16 percent as profit margins improved to 8.2 percent from 7.9 percent a year earlier.
Revenue for the period was up 11 percent, while net profit climbed 17 percent to AED 41 million.
Transaction volumes grew 12 percent, reflecting stronger customer footfall, though the average spend per transaction dipped slightly to AED 84.2 from AED 85.8 last year.
Online sales accounted for 17 percent of total revenue during the period, compared with 14 percent in the previous year, underscoring the company’s continued focus on digital expansion.
Spinneys’ share price closed flat at AED 1.60 on Monday, while the stock has gained 1 percent since the beginning of the year. Al Seer Group continues to hold a 76.89 percent stake in the company.
