Abu Dhabi - Mubasher: Lulu Retail Company registered a 9.10% rise in net profits from continuing operations to $126.96 million in the first half (H1) of 2025 from $116.41 million in H1-24.

Meanwhile, the revenues increased by 5.90% to $4.09 billion in H1-25 from $3.86 billion in the first six months (6M) of 2024, according to the interim financial results.

Basic and diluted earnings per share (EPS) for continuing operations reached $1.23 as of 30 June 2025, compared to $1.13 in H1-24.

Results for Q2

During the second quarter (Q2) of 2025, the GCC-focused company generated net profits valued at $57.26 million, marking a year-on-year (YoY) increase from $56.24 million.

Revenues hiked to $2.01 billion in April-June 2025 from $1.92 billion in Q2-24, while the EPS grew to $0.55 from $0.54.

The CEO of Lulu Retail, Saifee Rupawala, said: “Our steady and resilient H1-25 performance is a testament of our well-established growth pillars, that has helped us to deliver record sales and supported progression on margins.”

“Average basket value, customer count and sales per square metre all increased positively over the 6M-25, as 690,000 daily shoppers choose Lulu for our value to premium offering,” the CEO added.

He emphasized: “Expansion continues in line with our strategy with seven stores opening in H1-25 and further four in July, taking the total store count to 259. Our loyalty program continues to grow, with c.1 million new members joining during the second quarter, taking the total count to 7.3 million”

Cash Dividends 

The board has declared an interim dividend of $98.40 million, equating to 3.50 fils per share. 

In line with the dividend policy announced at the initial public offering (IPO), the amount marks a payout ratio of 78% of H1-25 distributable profits.