Modon Holding Achieves Record H1 Profits Amid Real Estate Surge

Summary:

Modon Holding PSC reported record first-half results for 2026, achieving AED9.2 billion in revenue, a 40% increase year-on-year, and AED2.2 billion in net profit. Key drivers included AED26 billion in real estate sales and a record revenue backlog of AED65.4 billion. The Group's diverse platform and strategic acquisitions, such as Arena Group and Production Elements Inc., bolstered growth. Modon maintained strong liquidity with AED8.6 billion in cash, positioning itself for future developments. The performance underscores the Group's operational excellence and commitment to long-term value creation in Abu Dhabi's economic landscape.