Net profit increases 7.3% to AED 243.3 million
Dubai, UAE: Union Coop reported total income from operating activities of AED 1.86 billion for the nine months ended 30 September 2026, an increase of 9.4% compared with AED 1.70 billion in the corresponding period of 2025. Net profit after tax rose by 7.3% to AED 243.3 million, compared with AED 226.9 million a year earlier.
Retail sales increased by 6.7% to AED 1.48 billion, while e-commerce sales grew by 40.6%. Union Coop also reported its thirteenth 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.”
For the third quarter of 2026, net profit increased by 30.7% to AED 69.6 million, compared with AED 53.3 million in the same period of 2025. Total income from operating activities rose by 8.3% to AED 587.6 million, while revenue from the sale of goods increased by 6.9% to AED 509.7 million.
Nine-month profit before tax reached AED 268.6 million, compared with AED 250.8 million a year earlier. Basic and diluted earnings per share increased to AED 0.14 from AED 0.13.
The financial results are based on Union Coop’s unaudited interim condensed financial statements for the period ended 30 September 2026.