Union Coop reported a 40.6% increase in e-commerce sales for the first nine months of 2026, while net profit rose 7.3% to Dhs 243.3 million.
The Dubai-based retailer recorded total income from operating activities of Dhs 1.86 billion for the nine months ended 30 September 2026, up 9.4% from Dhs 1.70 billion in the same period last year.
Net profit after tax increased to Dhs 243.3 million, compared with Dhs 226.9 million in the corresponding period of 2025.
Retail sales also recorded growth, rising 6.7% to Dhs 1.48 billion, while the company’s digital sales channel delivered a stronger increase.
E-commerce sales grow 40.6%
Union Coop’s e-commerce sales increased by 40.6% during the nine-month period, highlighting the growing contribution of online shopping to its business.
The retailer also recorded its 13th consecutive quarter of growth.
Mohamed Al Hashemi, CEO of Union Coop, said: “Our nine-month results show growth in income and profitability, alongside increased sales through our branches and digital channels. Our priorities remain improving operational efficiency, managing resources effectively and maintaining competitive value for customers.”
He added: “The increase in e-commerce sales reflects the growing contribution of digital channels to our business. We will continue to invest in these channels and develop our branch operations, while maintaining financial discipline and focusing on long-term shareholder returns.”
Third-quarter profit rises 30.7%
Union Coop also reported stronger financial results for the third quarter of 2026.
Net profit for the three months increased by 30.7% to Dhs 69.6 million, compared with Dhs 53.3 million in the same quarter of 2025.
Total income from operating activities rose 8.3% to Dhs 587.6 million, while revenue from the sale of goods increased 6.9% to Dhs 509.7 million.
Earnings per share increase
For the first nine months of 2026, profit before tax reached Dhs 268.6 million, compared with Dhs 250.8 million a year earlier.
Basic and diluted earnings per share also increased to Dhs 0.14 from Dhs 0.13.
The reported figures are based on Union Coop’s unaudited interim condensed financial statements for the period ended 30 September 2026.
tanvir@dubainewsweek.com
