Spinneys to distribute Dh120m as H1 payout

GROCER BUOYED BY STRONG GAINS IN REVENUE, PROFIT

- BY MANOJ NAIR Business Editor

Dubai-based premium grocery retailer Spinneys posted revenues of Dh1.81 billion for the first six months of 2025, with more sales coming from online and its private label business under the 'Discovery by Spinneys' label.

'Robust results'

Profit for the period was up 16.2 per cent to Dh170 million, supported by the opening of as many as nine stores in the UAE and Saudi Arabia.

Spinneys has confirmed an interim dividend of around Dh120 million, or 3.32 fils a share for H1-2025.

On DFM, the stock is up 10.2 per cent in the last month, trading at Dh1.61 yesterday.