Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation with a 57% year-on-year increase in underlying net profit to AED 81.8 million in H1 2025, driven by operational improvements and disciplined execution.
A major milestone was the completion of the ADCOOP rebranding program, unifying 80 former legacy stores under a single new brand. While like-for-like retail sales dipped 5% during the transition, the Group expects momentum to build in H2 2025 as its modernized, customer-first retail network comes fully online.
Retail continues to dominate MAIR’s portfolio, contributing AED 877.7 million in revenue, even as overall group revenue slightly moderated to AED 1.02 billion due to the rebranding transition and a reduction in lower-margin wholesale activity.
Management services, a newly expanded revenue stream, contributed AED 33.4 million under a shared support services agreement, providing accounting, human resources, procurement, legal, and compliance support to affiliates.
Liquidity remains a strength, with a net cash position of AED 315 million, following full debt repayment earlier this year. This provides MAIR with the flexibility to accelerate retail upgrades and community-focused developments.
“H1 2025 marks a pivotal stage in our transformation. With 80 former legacy stores unified under a single new ADCOOP brand, we enter H2 from a position of strength,” said Nehayan Hamad Alameri, Managing Director and Group CEO, MAIR Group, concluding, “We are now entering phase two of our retail upgrades – a broader AED 100+ million remodeling program – alongside a robust pipeline of retail and community real estate developments.”
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Union Coop has completed a significant expansion of its Hatta Souq branch,
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Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
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