Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Emirates Driving Company, a leader in driver education in Abu Dhabi, reported a net profit of Dh158.9 million for the first half of 2025, marking a 33% increase from Dh119.29 million in the same period last year.
The company, listed on the Abu Dhabi Securities Exchange (ADX), disclosed its financial performance for the period ending 30 June 2025 in a management report published on the exchange’s website.
Profit before tax rose by 41% year-on-year to Dh184.38 million, compared to Dh130.93 million in the first half of 2024. Operational profit stood at Dh154.31 million, up from Dh103.47 million, while EBITDA rose by 55% to Dh193.52 million. The company attributed its robust growth to higher student enrolment, geographic expansion, improved operational efficiency, and the acquisition of a new subsidiary.
Revenue more than doubled to Dh353.34 million in the first half of the year, up 101% from Dh175.80 million in the corresponding period last year. Gross profit also climbed significantly to Dh227.39 million from Dh139.41 million. The growth came alongside a rise in direct expenses and general and administrative costs, both driven by the company’s expanding scale of operations.
Despite the increase in expenses, the company said profitability remained strong. The profit was further supported by Dh33.02 million in income from financial assets, asset sales, rental returns, and other sources.
Total assets slightly decreased by 1% to Dh1.66 billion as of 30 June 2025, compared to Dh1.67 billion at the end of 2024. Cash and cash equivalents, however, rose to Dh738.46 million from Dh721.73 million.
Equity declined by 2% to Dh1.32 billion, primarily due to dividend distributions, while liabilities increased by 6% over the same period to Dh332.46 million.
Market capitalisation reached Dh3.13 billion at the end of June 2025, a modest increase from Dh3.02 billion at year-end 2024. Over a five-year period, the company’s market value has grown by 65%, underscoring steady investor confidence and long-term growth.
