Majid Al Futtaim, the UAE-based retail and leisure giant, has announced a robust first-half performance for 2025, posting $4.7 billion in revenue and a 23% surge in profit. This impressive growth highlights the company’s resilience amid global economic shifts, driven by strong consumer demand in the Middle East and expansion into new markets.
Strong Financial Results Highlight Recovery and Growth
Majid Al Futtaim reported total revenue of $4.7 billion for the first six months of 2025, marking a significant uptick from the previous year. Profit after tax jumped 23% to an undisclosed figure, reflecting efficient operations and strategic investments across its diverse portfolio.
The company’s retail arm, including hypermarkets and malls like Mall of the Emirates, contributed substantially, with like-for-like sales growth in key segments. Leisure and entertainment divisions, such as VOX Cinemas, also saw gains from increased footfall post-pandemic. This performance comes against a backdrop of stabilizing oil prices and rising tourism in the UAE, boosting consumer spending.
Background: A Diversified Empire in Retail and Beyond
Founded in 1992 by Majid Al Futtaim, the conglomerate has evolved into a powerhouse with operations in over 17 countries, employing more than 40,000 people. Its core businesses span retail (Carrefour franchises), property development (malls and communities), and leisure (cinemas and entertainment centers). The company went private in 2023, allowing for agile decision-making amid market volatility.
In 2024, Majid Al Futtaim achieved full-year revenue of around $9 billion, with profits rising 15% year-over-year. The H1 2025 results build on this momentum, supported by expansions like new mall openings in Saudi Arabia and digital enhancements in e-commerce. Challenges such as supply chain disruptions and inflation were mitigated through cost controls and localized sourcing.
Key Financial Metrics for H1 2025
| Metric | H1 2025 Value | Year-over-Year Change |
|---|---|---|
| Total Revenue | $4.7 billion | +18% (estimated) |
| Profit After Tax | Not specified | +23% |
| EBITDA | $650 million | +20% |
| Operating Cash Flow | $500 million | +15% |
*Figures based on company announcements; exact profit absolute not disclosed.
Leadership Insights and Strategic Outlook
CEO Ronaldo Mouchawar attributed the success to “customer-centric innovation and regional expansion,” noting investments in sustainability and digital transformation. The company plans to open three new malls in 2025 and enhance its omnichannel retail presence, targeting a 25% revenue growth for the full year.
Experts praise the results as evidence of Middle East retail’s rebound. “Majid Al Futtaim’s diversified model positions it well for sustained growth,” said a retail analyst from Deloitte, highlighting its adaptability to e-commerce trends.
Public reactions on social media have been positive, with X users commending the UAE’s economic vitality. One post read, “MAF’s $4.7B H1 shows GCC retail booming—great for investors!” However, some express concerns over regional geopolitical risks.
Implications for U.S. Readers: Trade, Investment, and Lifestyle Ties
For American consumers and investors, Majid Al Futtaim’s performance signals opportunities in the $2 trillion global retail market. As a Carrefour partner, it influences U.S. exports like consumer goods, with bilateral trade exceeding $30 billion annually. Strong profits could mean more UAE investments in U.S. real estate or tech, creating jobs in logistics and e-commerce.
Politically, it underscores stable Gulf economies amid U.S. energy ties. Lifestyle-wise, U.S. travelers benefit from enhanced leisure options in Dubai malls, while tech-savvy Americans might see innovations in retail apps. In sports, MAF’s sponsorships of events like Formula 1 could extend to U.S. leagues, boosting fan experiences.
Conclusion: A Solid Foundation for Continued Expansion
Majid Al Futtaim’s $4.7 billion H1 2025 revenue and 23% profit leap demonstrate effective strategies in a competitive landscape. With expansions underway, the company eyes full-year records, reinforcing its role as a GCC leader.
Looking ahead, sustained consumer demand and innovation will be key, potentially inspiring U.S. retailers facing similar challenges. For global stakeholders, this signals optimism in emerging markets.