In the first quarter of 2025, 62 companies listed on the Dubai Financial Market recorded profits of 32 billion dirhams, representing a 23% increase from the 26 billion dirhams reported in the same period in 2024, an increase of 6 billion dirhams.

Five major banks contributed 10.6 billion dirhams, accounting for 33.13% of the total profits.

Emirates NBD topped the list of companies and banks in Dubai in terms of profit value, achieving a pre-tax profit increase of 56% to reach 7.8 billion dirhams.

This growth was attributed to strong lending momentum, improved deposit mixes, and new product launches, which drove revenue growth by 11% compared to the same period last year.

However, the net profit after tax slightly declined by 7% year-on-year to 6.2 billion dirhams, including profits from Emirates Islamic Bank.

Emaar Properties also exhibited strong performance in the first quarter of 2025, maintaining the upward momentum experienced last year.

The company's net profits grew by 27% to reach 3.7 billion dirhams, while pre-tax profits increased by 27% to 5.4 billion dirhams.

Emaar Development saw its shareholder profits increase by 48% to 1.92 billion dirhams, compared to 1.3 billion dirhams in the first quarter of 2024.

Dubai Islamic Bank reported a net profit after tax of 1.79 billion dirhams, reflecting an 8% year-on-year growth, while pre-tax earnings increased by 14% to 2.1 billion dirhams.

The total assets amounted to 355 billion dirhams, marking a 3% increase.

Mashreq Bank posted net profits of approximately 1.79 billion dirhams in the first quarter of this year, down from 2.04 billion dirhams in the same quarter of 2024, with pre-tax profits reported at 2.1 billion dirhams.

Emirates Islamic announced a record net profit of 1 billion dirhams in Q1 2025, up 24% compared to the same period last year.

Dubai Commercial Bank experienced an 18.13% increase in net profit to 828.1 million dirhams, compared to 700.98 million dirhams during the first quarter of 2024.

Dubai Electricity and Water Authority (DEWA) reported consolidated financial results for the first quarter of 2025, showing a net profit of 496 million dirhams alongside record revenues of 5.96 billion dirhams.

The company’s operating cash flows improved significantly, reaching 3.85 billion dirhams, resulting in a total cash and cash equivalents balance of 8.17 billion dirhams, an increase of 2.07 billion dirhams compared to the end of 2024.

Salik, the exclusive operator of Dubai’s toll gates, recorded a net profit after tax of 370.6 million dirhams in Q1 2025, up 33.7% year-on-year.

Tecom Group achieved a net profit of 360.86 million dirhams in the first quarter of this year, compared to 292.53 million dirhams in the corresponding period of the previous year, with a pre-tax profit standing at 371.3 million dirhams.

Dubai Investments reported a 42% increase in profits attributed to shareholders, reaching 170.9 million dirhams in Q1 2025, compared to 120 million dirhams in the same period last year, while net profit surged 48.8% to 167.2 million dirhams.

Empower, the UAE’s central cooling systems provider, announced Q1 2025 financial results with total revenues of 540 million dirhams, reflecting a 0.4% increase compared to the same period last year.

Gross profit before interest, taxes, depreciation, and amortization was recorded at 297 million dirhams, while net profit before tax was 159 million dirhams, with a net profit after tax of 145 million dirhams experiencing a 12% decrease from 165.6 million dirhams in Q1 2024.

Tabreed registered a net profit increase of 1.84%, reaching 121.5 million dirhams compared to 119.3 million dirhams in the corresponding period last year, while the profit attributable to shareholders rose by 3% to 115.4 million dirhams, with revenues remaining stable at 468.1 million dirhams, compared to 465.9 million dirhams in Q1 2024.

Deyaar Development reported a 53% rise in net profit to 111.52 million dirhams in Q1 2025, compared to 72.96 million dirhams in the first quarter of 2024.

Dubai Taxi Corporation declared a strong performance across its main business segments during Q1 2025, driven by an increasing population and growth in the tourism sector, alongside ongoing urban development that has enhanced demand for transportation services.

The reported net profit decreased by 23% year-on-year to 83.6 million dirhams due to promotional discounts offered during the launch of the Bolt platform.