Spinneys Q2 2026 earnings forecasts
- Source
- Argaam - UAE News
- Source link
- https://www.argaam.com/en/article/articledetail/id/1924140
- Published
- 2026-07-29 16:05:00
- Discovered by ProcIntel
- 2026-07-31 10:19:26
- Category
- GCC Spotlight
- Geography
- UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p class="ckeCaption" ><span ><span ><img src="https://argaamplus.s3.amazonaws.com/edfc6e18-6793-41b2-a0db-4d8b62fc0372.png" ><br> Spinneys 1961 Holding PLC logo</span></span></p> <hr> <p class="ckeCaption"><span ><span class="ckeCaption" ><img src="https://argaamplus.s3.amazonaws.com/edfc6e18-6793-41b2-a0db-4d8b62fc0372.png" ><br> Analysts expect </span></span><span >Spinneys to make </span><span ><span >higher revenue but lower earnings in Q2 2026.</span></span></p> <p></p> <hr> <p dir="RTL" >Argaam, in this report, highlights Spinneys expected results for Q2 2026, as well as its quarterly revenue and earnings trends, as well as key operating and profitability indicators</p> <p></p> <p><strong>Quarterly Revenue – AED mln</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p ><strong>Item</strong></p> </th> <th > <p ><strong>2Q 2025</strong></p> </th> <th > <p ><strong>3Q 2025</strong></p> </th> <th > <p ><strong>4Q 2025</strong></p> </th> <th > <p ><strong>1Q 2026</strong></p> </th> <th > <p ><strong>2Q 2026 (Consensus)</strong></p> </th> </tr> </thead> <tbody> <tr> <td > <p>Revenue</p> </td> <td > <p>909.7</p> </td> <td > <p>777.3</p> </td> <td > <p>1,053.4</p> </td> <td > <p>1,014.2</p> </td> <td > <p>981.0</p> </td> </tr> <tr> <td > <p>Change (%)</p> </td> <td > <p>+16.2%</p> </td> <td > <p>+10.8%</p> </td> <td > <p>+13.7%</p> </td> <td > <p>+11.9%</p> </td> <td > <p>+7.8%</p> </td> </tr> </tbody> </table> <p></p> <p><strong>Quarterly Earnings – AED mln</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p ><strong>Item</strong></p> </th> <th > <p ><strong>2Q 2025</strong></p> </th> <th > <p ><strong>3Q 2025</strong></p> </th> <th > <p ><strong>4Q 2025</strong></p> </th> <th > <p ><strong>1Q 2026</strong></p> </th> <th > <p ><strong>2Q 2026 (Consensus)</strong></p> </th> </tr> </thead> <tbody> <tr> <td > <p>Net income</p> </td> <td > <p>85.7</p> </td> <td > <p>43.3</p> </td> <td > <p>123.8</p> </td> <td > <p>91.6</p> </td> <td > <p>65.4</p> </td> </tr> <tr> <td > <p>Exceptional item</p> </td> <td > <p>0.0</p> </td> <td > <p>0.0</p> </td> <td > <p>1.6*</p> </td> <td > <p>0.0</p> </td> <td > <p>0.0</p> </td> </tr> <tr> <td > <p>Net income before exceptional and non-recurring items</p> </td> <td > <p>85.7</p> </td> <td > <p>43.3</p> </td> <td > <p>122.3</p> </td> <td > <p>91.6</p> </td> <td > <p>65.4</p> </td> </tr> <tr> <td > <p>EPS excluding non-recurring items (fils/share)</p> </td> <td > <p>2.38</p> </td> <td > <p>1.20</p> </td> <td > <p>3.40</p> </td> <td > <p>2.54</p> </td> <td > <p>1.82</p> </td> </tr> </tbody> </table> <p>*Gain on the disposal of property, plant and equipment.</p> <p></p> <p><strong>Key Events in Q2 2026</strong></p> <p></p> <p>The company announced the opening of its 94th store at Bahar Plaza in Jumeirah Beach Residence (JBR), Dubai. The new opening aligns with its expansion strategy in the UAE in addition to its continued investment in the retail sector.</p> <p></p> <p><strong>Average estimates</strong></p> <p></p> <p>The company is seen to make a net profit of AED 65.4 million in Q2 2026, a decline of 24% YoY, according to average forecasts by one research firm.</p> <p></p> <p><strong>Average estimates – AED mln</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p ><strong>Research House</strong></p> </th> <th > <p ><strong>Forecast (AED mln)</strong></p> </th> </tr> </thead> <tbody> <tr> <td > <p>Securities and Investment</p> </td> <td > <p>65.4</p> </td> </tr> <tr> <td > <p><strong>Consensus</strong></p> </td> <td > <p><strong>65.4</strong></p> </td> </tr> <tr> <td > <p>Net income before exceptional and non-recurring items (2Q 2025)</p> </td> <td > <p>85.7</p> </td> </tr> <tr> <td > <p>Difference (%)</p> </td> <td > <p><strong>(24%)</strong></p> </td> </tr> </tbody> </table> <p></p> <p><strong>Stock performance</strong></p> <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > <p ><span >Metric</span></p> </th> <th > <p ><span >Company</span></p> </th> <th > <p ><span >Market</span></p> </th> </tr> </thead> <tbody> <tr> <td > <p>Change YTD</p> </td> <td > <p>(17.88%)</p> </td> <td > <p>(4.26%)</p> </td> </tr> <tr> <td > <p>Change over the past 12 months</p> </td> <td > <p>(20.51%)</p> </td> <td > <p>(6.13%)</p> </td> </tr> <tr> <td > <p>Previous close</p> </td> <td > <p>1.24</p> </td> <td > <p>5,789.73</p> </td> </tr> <tr> <td > <p>Recurring P/E (x)</p> </td> <td > <p>13.02x</p> </td> <td > <p>9.22x</p> </td> </tr> <tr> <td > <p>Trailing 12-month EPS excluding non-recurring items (fils/share)</p> </td> <td > <p>9.52</p> </td> <td > <p>—</p> </td> </tr> </tbody> </table>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
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