Union Coop nine-month 2026 profit at AED 243,329,848
Union Coop reported a nine-month profit of AED 243,329,848 to 30 September 2026, compared with AED 226,854,072 a year earlier, its financial statements show.
Union Coop reported a profit of AED 243,329,848 for the nine months ended 30 September 2026, compared with AED 226,854,072 a year earlier, according to its interim condensed financial statements filed with DFM.
- Nine-month revenue from sale of goods was AED 1,650,334,390, compared with AED 1,507,846,074.
- Third-quarter profit for the period was AED 69,634,343, compared with AED 53,280,143.
- Nine-month basic and diluted earnings per share were AED 0.14, compared with AED 0.13.
- The Coop disposed of land with a carrying value of AED 78,334,920 for a net consideration of AED 99,990,000, resulting in a gain of AED 21,655,080.
Union Coop reported a profit for the nine-month period ended 30 September 2026 of AED 243,329,848, compared with AED 226,854,072 a year earlier, according to its unaudited interim condensed financial statements filed with the Dubai Financial Market.
What happened
Revenue from sale of goods for the nine months was AED 1,650,334,390, compared with AED 1,507,846,074. Profit before tax was AED 268,615,189, compared with AED 250,792,431. Basic and diluted earnings per share were AED 0.14, compared with AED 0.13.
For the three months ended 30 September 2026, profit for the period was AED 69,634,343, compared with AED 53,280,143, and revenue from sale of goods was AED 509,650,274, compared with AED 476,803,919. Basic and diluted earnings per share for the quarter were AED 0.04, compared with AED 0.03.
Why it matters
According to a note to the statements, during the period the Coop disposed of land with a carrying value of AED 78,334,920 against a net consideration of AED 99,990,000, resulting in a gain of AED 21,655,080.
The statements were reviewed by Ernst & Young Middle East (Dubai Branch). In its report on other legal and regulatory requirements, EY said: "The Coop has not complied with the clauses of the Cabinet Resolution No. (55) of 2024 Concerning the Executive Regulations of Federal Decree-Law No. (6) of 2022 and its Articles of Association, relating to the percentage of dividend declared. The Coop’s management has obtained consent from the Department of Economy and Tourism on 26 February 2026 to declare the dividends using these percentages."
Who is exposed
Union Coop's board of directors met on Wednesday 4 November 2026 at 4:00 pm and approved the financial statements for the third quarter of 2026, according to a separate disclosure signed by Chief Executive Officer Mohamed Al Hashemi.