Dubai-based engineering company Drake & Scull International reported a net profit of Dh6.5 million for the first half of 2025, compared to Dh3.8 billion in the same period last year. The sharp decline is attributed to exceptional one-off restructuring adjustments in 2024.
Despite the drop, the DFM-listed firm remains confident in its recovery plan. In the first six months of 2025, it secured new contracts worth Dh1.39 billion, including several projects outside the UAE. The company also launched its first real estate project in Dubai, set for completion by the end of 2026, aiming to capitalize on the city’s property boom.
Drake & Scull is actively working to recover funds owed over the years, including amounts from favorable court rulings. The company says the process is ongoing due to the complex nature of legal proceedings but remains a key part of its turnaround strategy.
