MAIR Group P.J.S.C.

MAIR ADX Consumer Staples Shariah compliance: iStatus follows DFM's quarterly Shari'a compliant list (Q1 2026), screened under criteria approved by the DFM Fatwa & Shari'a Supervisory Board. Classification may change each quarter.
DFM Shari'a classification list ↗ ☆ Log in to watch

Price (AED)1.02 +2%Close · 2 Nov 2026

Market Cap2.28B

Enterprise Value2.99B iRoughly what it would cost to buy the whole company.How it is worked out: the value of its shares (market cap) + its debt − the cash it holds.Why it matters: two companies can have the same share value but very different debt and cash. Enterprise value shows the full picture, so you can compare them fairly.Versus market cap: 1.31×, so it has more debt than cash.For this company: 2.28B + 892.15M debt − 180.30M cash = 2.99B (Q2 2026)Calculated · Q2 2026

P/E11.92

P/B0.52

Dividend Yield–

ROE4.39%

Volume: 1.35M0.67x 30-day average
Avg volume (30D): 2.02M

About the company

MAIR Group P.J.S.C., formerly Abu Dhabi Co-operative Society (founded 1980), runs supermarkets and hypermarkets across Abu Dhabi and Al Ain and leases shopping centres and other real estate. The Al Ain, Delma and Al Dhafra co-operative societies were merged into it in November 2023; it became a public joint stock company in February 2024 and listed on the ADX Main Market in November 2024. It has 2,230,723,140 shares.

Industry: Consumer Staples

www.mairgroup.com ↗

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Year-end price history

Income Statement

Values in AED · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	593.3M	493.3M	454.1M	519.6M	553.9M	467.0M	458.9M	475.9M	564.2M	515.6M
Cost of Revenue	-428.2M	-333.5M	-286.6M	-304.5M	-363.1M	-291.9M	-289.9M	-338.0M	-374.8M	-338.0M
Gross Profit	165.1M	159.8M	167.5M	215.1M	190.9M	175.1M	169.0M	137.9M	189.4M	177.6M
Other Operating Income	56.1M	49.4M	7.0M	10.0M	-114,000.00	9.4M	10.9M	95.4M	5.8M	3.1M
Other Operating Expenses	-30.5M	-29.8M	-35.7M	-81.7M	-30.1M	-30.7M	-31.4M	-30.4M	-33.2M	-31.5M
Selling, General & Admin	-121.7M	-102.8M	-97.4M	-120.1M	-104.1M	-114.9M	-117.1M	-124.1M	-111.5M	-130.7M
Depreciation & Amortization	30.2M	29.8M	29.1M	35.0M	30.1M	30.7M	33.0M	26.0M	29.8M	31.8M
Operating Income	69.0M	76.7M	41.5M	23.3M	56.5M	38.9M	31.5M	78.8M	50.5M	18.5M
EBITDA	99.2M	106.5M	70.5M	58.3M	86.6M	69.6M	64.4M	104.8M	80.4M	50.3M
Finance Income	4.0M	8.6M	5.3M	8.5M	2.2M	1.7M	1.6M	1.9M	2.1M	1.3M
Finance Costs	-20.8M	-21.1M	-21.3M	-20.8M	-10.4M	-10.2M	-10.3M	4.8M	-6.3M	-7.5M
Other Income, Net	803,000.00	774,000.00	-130,000.00	2.1M	1.5M	88,000.00	1.5M	6.8M	4.1M	1.4M
Share of Associates & JVs	5.1M	1.5M	2.8M	94,000.00	6.1M	2.6M	2.1M	1.1M	6.1M	29.4M
Pre-Tax Income	58.1M	66.5M	28.2M	13.2M	56.0M	33.1M	26.3M	93.4M	56.5M	43.1M
Income Tax Expense	-4.2M	-5.5M	-1.1M	-2.0M	-4.4M	-2.8M	-2.2M	-8.5M	-4.5M	-1.2M
Net Income	69.5M	61.4M	25.8M	14.4M	51.5M	30.3M	24.1M	84.9M	52.0M	41.9M
Net Income (Owners of Parent)	69.5M	61.4M	25.8M	14.4M	51.5M	30.3M	24.1M	84.9M	52.0M	41.9M
EPS (AED)	0.03	0.03	0.01	0.01	0.02	0.01	0.01	0.04	0.02	0.02

Balance Sheet

Values in AED · click any row to chart the metric, click again to collapse

	Q4 '23	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Cash & Equivalents	776.6M	927.7M	504.3M	548.9M	314.5M	292.2M	385.2M	415.4M	180.3M
Trade & Other Receivables	238.3M	384.4M	293.9M	331.3M	276.5M	244.3M	212.5M	216.8M	294.6M
Other Assets & Prepayments	223.7M	–	98.2M	1.3M	1.3M	42.5M	–	43.3M	39.4M
Inventory	247.6M	247.0M	204.4M	275.9M	269.6M	259.8M	186.8M	203.6M	184.7M
Other Financial Assets	370.0M	374.7M	130.8M	81.1M	81.4M	81.6M	86.7M	86.3M	86.3M
Investments in Associates & JVs	29.7M	85.1M	181.2M	187.3M	189.9M	192.0M	193.1M	199.2M	228.6M
Property, Plant & Equipment	821.7M	868.8M	825.3M	843.5M	879.9M	871.5M	687.8M	687.9M	728.6M
Investment Properties	1.8B	1.8B	1.9B	1.9B	1.9B	1.9B	2.2B	2.5B	2.5B
Right-of-Use Assets	538.4M	643.9M	619.0M	625.4M	659.8M	679.0M	713.2M	743.8M	799.4M
Intangible Assets	1.1B	1.0B	959.0M	961.5M	961.5M	960.9M	961.6M	961.4M	960.9M
Current Assets	1.6B	1.6B	1.2B	1.2B	910.2M	887.1M	840.1M	934.7M	754.6M
Total Assets	6.1B	6.3B	5.7B	5.7B	5.5B	5.5B	5.6B	6.0B	6.0B
Trade & Other Payables	504.1M	506.4M	524.8M	668.8M	531.1M	499.6M	425.7M	742.1M	684.4M
Loans & Borrowings	768.5M	742.2M	170.8M	–	–	–	–	–	–
Lease Liabilities	625.9M	715.2M	694.9M	711.9M	744.3M	752.9M	807.9M	846.1M	892.1M
End-of-Service Benefits	33.5M	32.8M	27.5M	27.7M	27.9M	25.2M	26.7M	28.1M	28.9M
Other Liabilities	7.7M	–	1.2M	–	–	–	–	–	–
Current Liabilities	622.9M	619.4M	625.4M	778.1M	607.5M	585.4M	508.8M	683.5M	694.9M
Total Debt	1.4B	1.5B	865.7M	711.9M	744.3M	752.9M	807.9M	846.1M	892.1M
Total Liabilities	1.9B	2.0B	1.4B	1.4B	1.3B	1.3B	1.3B	1.6B	1.6B
Share Capital	899.2M	899.2M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Reserves	2.9B	2.9B	2.9B	2.9B	2.9B	2.9B	3.0B	3.0B	3.0B
Retained Earnings	327.8M	484.5M	213.2M	262.3M	157.5M	181.6M	267.4M	319.4M	266.0M
Equity (Owners of Parent)	4.2B	4.3B	4.3B	4.3B	4.2B	4.2B	4.4B	4.4B	4.3B
Total Equity	4.2B	4.3B	4.3B	4.3B	4.2B	4.2B	4.4B	4.4B	4.3B

Cash Flow

Values in AED · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Operating Cash Flow	-54.9M	191.8M	15.9M	103.9M	195.5M	-9.3M	31.3M	13.2M	151.6M	-5.3M
Income Tax Paid	–	–	–	–	–	–	-15.0M	-2.1M	–	–
Investing Cash Flow	116.3M	60.0M	-18.8M	225.7M	51.2M	-56.8M	-22.6M	95.0M	-97.9M	-88.4M
Capital Expenditure	-40.9M	-31.4M	-33.7M	-33.0M	-37.6M	-59.6M	-57.7M	-61.4M	-100.8M	-37.8M
Financing Cash Flow	-62.9M	-23.2M	-50.5M	-732.0M	-202.1M	-168.2M	-31.1M	-15.2M	-23.4M	-141.5M
Repayment of Borrowings	-960,000.00	-1.5M	-1.3M	-550.5M	-170.8M	–	–	–	–	–
Lease Payments	-29.9M	-11.9M	-15.8M	-22.0M	-8.3M	-21.8M	-18.3M	-2.4M	-12.4M	-30.0M
Finance Costs Paid	-31.8M	-9.4M	-33.3M	-24.5M	-14.9M	-10.2M	-10.3M	-12.0M	-10.9M	-11.8M
Dividends Paid	-241,000.00	-393,000.00	-98,000.00	-135.0M	-8.2M	-136.3M	-2.5M	-850,000.00	-136,000.00	-99.6M
Free Cash Flow	-95.7M	160.4M	-17.8M	70.9M	157.9M	-68.9M	-26.4M	-48.2M	50.7M	-43.0M

Market Information

2026-08-12 Q2 2026 Financial Results PDF ↓
2026-05-13 Q1 2026 Financial Results PDF ↓
2026-03-23 FY 2025 Financial Results PDF ↓
2025-11-11 Q3 2025 Financial Results PDF ↓
2025-08-13 Q2 2025 Financial Results PDF ↓
2025-05-13 Q1 2025 Financial Results PDF ↓
2025-03-20 FY 2024 Financial Results PDF ↓
2024-11-28 FY 2023 Financial Results PDF ↓
2024-11-28 Q3 2024 Financial Results PDF ↓

MAIR Group P.J.S.C.

About the company

Year-end price history

Shariah screening

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Dividend history

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Income Statement

Balance Sheet

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Net Margin

P/E

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Net Worth (Market Cap)

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ROE

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Market Information