Dar Global reports 66% revenue growth in first half of 2026
Dar Global, the luxury real estate developer listed on the London Stock Exchange, reported a significant increase in revenues for the six months ended June 30, 2026. Revenue rose by 66%, reaching $258 million compared to $155.4 million during the same period in 2025. This growth was driven by strong demand across its diversified portfolio spanning CCG (Commonwealth Caribbean Group), Europe, and the UK. The company also saw a substantial rise in gross profit of 85% to $87.7 million with an improved margin of 34%. EBITDA increased by 73%, reaching $46.3 million, while net income surged by 149% to $30.4 million from $12.2 million in the first half of 2025. The growth was supported by revenue recognition from flagship projects such as The Astera and Neptune. Dar Global's gross development value (GDV) nearly doubled year-over-year, reaching $23 billion, with contracted sales at $3.9 billion for 4,380 units. The company maintained a strong balance sheet with total cash of $847.9 million and liquidity of $579.3 million.
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