Dubai – Mubasher: Drake & Scull International (DSI) generated net profits amounting to AED 6.50 million in the first half (H1) of 2025, according to the financial results.

Revenue increased by 57% to AED 77.90 million in H1-25 from AED 49.70 million in H1 2024, driven by strong performance in wastewater and water treatment projects across key markets, including India, Tunisia, Romania, and Jordan.

During the first six months (6M) of 2025, DSI continued to implement its restructuring plan, including offsetting a portion of the accumulated losses against the statutory reserve.

Muin El Saleh, Group CEO of DSI, said: "The 57% revenue growth demonstrates our ability to capitalize on opportunities in our core markets while maintaining disciplined cost management.”

“We are particularly proud of our recent project awards, which include a landmark AED 1 billion contract in the UAE, the North Balqa Wastewater,” El Saleh added.

The CEO mentioned: “Treatment Plant in Jordan (AED 215 million), and a water treatment plant in Maharashtra, India (AED 169 million). These achievements showcase our diversified capabilities and strong market position across multiple sectors and geographies."

In the first quarter (Q1) of 2025, DSI shifted to net profits valued at AED 2.45 million, against net losses of AED 39.99 million in Q1-24.