Abu Dhabi: Lulu Retail Holdings PLC today announced record financial results for the financial year 2025, with annual sales reaching $7.9 billion (Dh29.1 billion), an increase of 4.1% year-on-year.
The retail giant’s full-year net profit came in at around $205 million (Dh753 million), exceeding guidance provided for the third quarter of 2025.
Following the strong performance, the Board has proposed a final dividend of 3.5 fils per share for the second half of the year. As a result, the total dividend for 2025 will be 7 fils per share, and the total dividend will be approximately $197 million (724 million dirhams).
A big driver of this year’s success was Lulu’s e-commerce division, which grew 38.6% over the year. Digital sales growth accelerated to 51.8% in the fourth quarter, with online transactions contributing 7.3% of the company’s total retail sales in the same period.
Commenting on the results, Saifi Rupawala, CEO of Lulu Retail, said: “We ended the year with the opening of 20 new stores, bringing our total network count to 267. With revenues approaching $8 billion, we are well positioned to continue our disciplined expansion across the GCC. Our roadmap includes opening an additional 50 stores between 2026 and 2028.”
