| Market: Dubai | Symbol: SPINNEYS | ISIN: AEE01377S248 | Sector: Food Products |
Our brand
Spinneys is a long-standing brand with a strong heritage in the UAE. Throughout its history, Spinneys has earned a reputation for premium quality, by consistently prioritising high standards in customer service, freshness and food safety.
Who we are
Spinneys has evolved and grown over the decades to become an operator of 80 premium grocery retail stores under three brands in the UAE and Oman: "Spinneys", "Waitrose" and "Al Fair". Spinneys opened its first store in Saudi Arabia in Riyadh during Q2 2024 and will continue its journey of becoming a truly GCC known brand.
Our Purpose
Our entire team is committed to our vision "not to be the biggest, but to be the best retailer". Our purpose is "to nourish and inspire our communities to live better lives, day-by-day". We do this by offering high quality food solutions that promote heathy and sustainable living.
| Share data | 28/03/2025 |
| Currency | AED |
| Previous Close | 1.54 |
| Change (%) | 0.00 |
| Volume | 142,573 |
| Number of Shares | 3,600,000,000 |
| Market Cap | 5,544,000,000 |
Operated in the UAE, Oman and KSA
(incl. Spinneys, Waitrose and Al Fair)
Revenue
(+12.3% YoY)
Online sales
EBITDA
(20% margin)
Profit for the year
(+13.9% YoY)
Dividend
(70% payout ratio)
Target market in core geographies
Share of target market in Dubai
| Financial Highlights, AED’000 | 2022 | 2023 | 2024 |
| Consolidated income statement | |||
| Revenue | 2,630,121 | 2,871,164 | 3,225,617 |
| Gross profit | 1,085,356 | 1,205,209 | 1,335,557 |
| Profit before tax | 215,108 | 255,594 | 322,628 |
| Profit for the year | 214,273 | 254,317 | 289,625 |
| Consolidated statement of financial position | |||
| Total assets | 1,482,671 | 1,855,643 | 2,192,815 |
| Total equity | 33,904 | 113,681 | 299,219 |
| Total liabilities | 1,448,767 | 1,741,962 | 1,893,596 |
| Consolidated statement of cash flows | |||
| Net cash flows from operating activities | 371,331 | 771,408 | 586,358 |
| Net cash flows used in investing activities | (82,465) | (83,234) | (574,442) |
| Net cash flows used in financing activities | (418,071) | (373,352) | (305,961) |
| Cash and cash equivalents at the end of the year | 39,671 | 354,061 | 60,168 |
| Key indicators | |||
| Revenue growth (%) | 4.3 | 9.2 | 12.3 |
| Gross profit margin (%) | 41.3 | 42.0 | 41.4 |
| Current ratio | 0.8 | 0.6 | 0.8 |
| ROA (%) | 14.5 | 13.8 | 13.9 |
