Dubai – Mubasher: Drake & Scull International stated that its preliminary financial results for 2025 demonstrate a substantial improvement in the group’s operational and financial performance.

Revenues increased to AED 223.8 million, up from AED 103.7 million in 2024, representing growth of over 100%. Drake & Scull elaborated that this notable uplift reflects stronger operational delivery, improved project execution capabilities, and enhanced margins.

In addition, the group reported a consolidated net profit of AED 47 million for 2025, which was reflected in total group equity increasing from AED 151.8 million to AED 195.4 million, underscoring the continued recovery and stabilization of the business.

Drake & Scull further stated: “In this context, and with reference to a recent publication by online media outlets regarding the company’s preliminary financial results for 2025 stating that the company “recorded losses of AED 75.6 million,” the company clarifies that such reference is incomplete and does not accurately reflect the group’s consolidated financial performance as disclosed in its officially published preliminary results.”

It added that the figure of AED 75.6 million referenced in the media report represents the net loss attributable to equity holders of the parent after allocation of subsidiary results based on ownership interests. This amount includes the effect of certain provisions and period adjustments recorded in accordance with IFRS and excludes results attributable to non-controlling interests, which amounted to AED 122.7 million.

Drake & Scull stressed: “Accordingly, reference to this figure in isolation, without consideration of the group’s consolidated net profit, does not reflect the group’s overall financial performance. This clarification is provided to ensure accurate presentation of the company’s financial results.”

The company highlighted its commitment to the highest standards of governance, transparency, and disclosure in full compliance with applicable accounting standards and regulatory requirements.

It concluded that Drake & Scull remains focused on advancing its restructuring program, strengthening operations, and delivering sustainable long-term value to all stakeholders.