Modon Holding PSC has announced exceptional financial results for the first half of 2025, reporting a net profit of AED 2.1 bn, up 4.2x year-on-year, supported by record-breaking real estate sales worth AED 10 bn and strong performance across its four core sectors, Invest-Gate reports.

The group’s revenue tripled year-on-year to AED 6.5 bn, primarily driven by robust real estate development revenues and the continued growth of recurring income from asset management, hospitality, events, catering, and tourism.

Modon’s strong performance also benefited from the successful integration of recent acquisitions and the execution of strategic investments with operational efficiency. EBITDA reached AED 2.9 bn, marking a 4x increase compared to the same period in 2024, with profit margins expanding to 44%, reflecting optimized operations and portfolio diversification.

In a significant milestone, Modon sold out residential units in two newly launched developments within a single day, underscoring the high market demand. The group’s backlog of accumulated revenues from ongoing projects now stands at AED 33 bn.

Further boosting H2 momentum, Modon generated AED 5.5 bn in July alone from the full sale of residential plots in its flagship “Wadeem” project, surpassing its total 2024 sales. Recurring income sources also witnessed strong growth due to near-full occupancy in the leasing portfolio, operational expansion, pricing improvements, and synergies from acquisitions.

On the international front, Modon has strengthened its global footprint across 13 countries, including strategic investments in the UK and North America.

In May 2025, Modon launched “Gridora,” an infrastructure platform in partnership with ADQ and IHC, to lead strategic infrastructure projects within and beyond the UAE. Gridora also signed an MoU with ADIPC to support Abu Dhabi’s AED 35 bn transport infrastructure plan.