Strong Profit and Large Backlog Indicate Growth

Modon, an Abu Dhabi developer, announced a net profit of Dh3.9 billion for 2025, driven by a surge in revenue to Dh13.8 billion. This growth was fueled by record property sales and a significantly expanded project pipeline. The group's revenue backlog reached Dh46 billion, nearly doubling year-over-year, indicating strong future income potential. Real estate sales were the primary driver, reaching Dh36.3 billion, almost tripling the previous year's figures.

The majority of sales originated in Abu Dhabi, with projects on Reem Island and Hudayriyat Island experiencing rapid sell-outs. Real estate revenue more than doubled to Dh7.4 billion as Modon accelerated project execution and recognized backlog revenue. International projects also contributed, with the Ras El Hekma development in Egypt generating Dh5.8 billion in sales, and operations in Spain providing recurring income. Construction and consulting contracts worth Dh32 billion were awarded, reflecting increased project delivery activity.

Recurring income streams also expanded. Asset and investment management revenue grew by 13.2% to Dh655 million, supported by high occupancy rates across owned properties. Hospitality revenue increased by 38.9% to Dh792 million, driven by higher room rates and occupancy. Events, catering, and tourism revenue doubled to Dh5 billion, with the group hosting numerous events and serving millions of meals.

Modon ended the year with a net cash position of Dh1.8 billion, providing financial flexibility for future expansion. The company plans to focus on converting its substantial backlog into revenue while further developing recurring income from asset management, hospitality, and events.