29.1 billion dirhams in revenues "Lulu" For retail in 2025
Abu Dhabi, February 13 / WAM / Lulu Retail Holding Company announced record revenues amounting to $7.9 billion (29.1 billion dirhams) for the fiscal year 2025, recording an annual increase of 4.1%.
In a statement today, the company revealed a proposed dividend distribution for the second half of last year of 3.5 fils per share, bringing the total dividends for the fiscal year 2025 to 7 fils per share (approximately 197 million US dollars, or 724 million dirhams).
Net profit for this year amounted to about $205 million (753 million dirhams), exceeding the expectations presented in the third quarter of 2025.
E-commerce continued to consolidate its position as a major driver of growth for Lulu, after sales increased by 38.6% on an annual basis, and the pace of growth accelerated to reach 51.8% during the fourth quarter of the year, while the contribution of online sales reached 7.3% of total retail sales in the fourth quarter.
Saivi Rupawala, CEO of Lulu Retail, said: “We concluded the year by opening 20 new stores, bringing the total of our stores to 267 stores, achieving record revenues of approximately $8 billion. We have the ability to continue our deliberate expansion strategy in the Gulf Cooperation Council countries, and the company has set a plan to open 50 additional stores between 2026 and 2028.”
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