Vertiglob Q2 revenue hits $1.1B
Verity Globe achieved revenues of 4 billion dirhams (approximately $1.1 billion) in the second quarter of 2026, marking a 92% increase compared to the same period last year. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 1.4 billion dirhams ($371 million), an increase of 111%. During the first half of 2026, the company's revenue totaled 7.4 billion dirhams (around $2 billion), a 59% year-over-year growth. Its adjusted profits rose by 63% to 2.6 billion dirhams ($713 million), while net shareholder profits increased fourfold to 1.1 billion dirhams ($289 million). The company expects to distribute dividends of at least 551 million dirhams for the first half of the year, pending approval by the Board of Directors in September. These results reflect the company's commitment to global expansion standards and flexible production management despite logistical challenges, with ongoing monitoring of regional developments to ensure operational sustainability.
Notice: This Is an AI-Generated Summary
Comments (0)