Talabat reports 682.6M dirhams profit in half-year
Al Madhaly Holding PLC Company recorded a net profit of 682.6 million dirhams in the first half of 2026, representing an 18% decline compared to the same period last year, while revenues increased by 19% to 8 billion dirhams. In the second quarter, profit amounted to 367 million dirhams, down 18%, with revenues reaching 4.187 billion dirhams, a 16% increase. Growth in the value of goods sold during the first half was 15%, totaling 20.57 billion dirhams, with 78% of sales concentrated in GCC countries and 22% outside, where markets outside the Gulf experienced a 41% growth. The company completed a share buyback package worth 128.5 million dirhams and plans to distribute dividends amounting to 90% of profits.
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