Union Coop reported a net profit of Dhs173.6 million after tax for the first half of 2025, reflecting a 6.4% increase compared to the same period last year.
The growth was attributed to retail expansion, rising online sales, and enhanced in-store technology.
Total income reached Dhs1.158 billion, including Dhs1.031 billion from retail sales, Dhs88 million from real estate, and Dhs39 million from other sources. Profit before tax stood at Dhs192 million.
CEO Mohamed Al Hashemi confirmed that second-quarter profits grew by 13% year-on-year, describing the results as evidence of the company’s operational efficiency. “In the first half of this year, we expanded our footprint with the opening of 1 new mall and 3 new stores, in Al Khawaneej, Nad Al Sheba, and Rukan Community, designed to the highest standards to cater to a wider audience,” said Al Hashemi.
Customer and digital growth
Union Coop reported a 30% rise in new customers and a 24% increase in online sales during the period. The company also expanded self-service options, introducing ‘Scan&Go’ in two stores and ‘Check&Go’ facilities in seven locations to speed up checkout.
The company maintained a 35% Emiratization rate and recruited 80 National Service members across 13 branches. Its workforce includes 721 women, highlighting a continued focus on gender inclusion and diversity.
Union Coop received the Best Brand Communication Campaigns award at the 2025 Marketing Society Awards and Most Admired Customer Experience at the Golden Spoon Awards 2025.
Al Hashemi credited the achievements to shareholders, employees, and customers, stating that the cooperative remains committed to sustainable growth and leadership in the UAE’s retail market.
tanvir@dubainewsweek.com
