Abu Dhabi-based Lulu Retail will distribute Dh361.5 million in dividends – equivalent to 3.5 fils per share – after recording revenues of Dh14.68 billion in the first half of 2025, up from Dh13.9 billion in the same period last year.
The ADX-listed hypermarket operator reported a net profit of Dh465.7 million for H1-2025, compared to Dh427.1 million a year earlier. The last date for dividend entitlement is August 20. Lulu shares are trading at Dh1.21, down over 30% year-to-date from their IPO price of Dh2.04.
Growth during the first half was driven by the opening of seven new hypermarket and budget store locations, with an additional four stores launched in July, bringing the total count to 259. The company also saw gains from its e-commerce platform, with strong performance in the UAE and notable growth in Saudi Arabia.
According to CEO Saifee Rupawala, average basket value, customer count, and sales per square metre all increased, with Lulu welcoming an average of 690,000 daily shoppers. The company’s loyalty program added around one million new members in Q2, reaching 7.3 million in total.
Lulu also expanded its ‘Lot’ budget store concept, offering products under Dh30, as part of its value-focused retail strategy. Industry analysts say this store-in-store format could help capture the growing budget-conscious market in the UAE and GCC while managing costs efficiently.
