Dar Global Reports 66% Revenue Growth in First Half of 2026, Portfolio GDV Reaches $23 Billion
Dar Global, an international luxury developer listed on the London Stock Exchange, reported a significant increase in revenue for the first half of fiscal year 2026. The company's non-audited results show a 66% rise in revenue to $258 million compared to $155.4 million during the same period in 2025. This growth was driven by strong demand across its diverse portfolio spanning CCG countries, Europe, and the UK. The company's gross margin increased by 85%, reaching $87.7 million with a margin rate of 34%. EBITDA rose by 73% to $46.3 million while net profit surged by 149% to $30.4 million, reflecting the success of flagship projects such as The Astera and Neptune. Dar Global's gross development value (GDV) nearly doubled year-over-year to $23 billion with a total contracted sales revenue of $3.9 billion across 4,380 units. The company maintains a strong balance sheet with net assets of $613.3 million and cash reserves totaling $847.9 million. Strategic partnerships in Saudi Arabia include the Trump Organization's Rayana development project and several high-profile residential complexes like Trump Plaza Jeddah.
Tickers: $DAR