Earnings Report
Fujairah Building Industries
1. Company Overview & Earnings Context
Fujairah Building Industries PJSC (FBI) is an Abu Dhabi Securities Exchange (ADX)-listed building materials manufacturer engaged in the production and distribution of rock wool insulation, concrete blocks, interlocks, kerbstones, terrazzo tiles, marble products and quarry materials. During H1 2026, the Group delivered strong earnings growth, supported by higher gross margins, improved operating efficiency and stronger demand across its core product portfolio. Profitability expanded significantly despite modest revenue growth, reflecting disciplined cost management and a favorable product mix. The company also maintained its commitment to shareholder returns by distributing a cash dividend of 30 fils per share during the period.
2. Financial Performance Snapshot
Revenue: AED 132.51 Million (+3.4% YoY)
Gross Profit: AED 61.49 Million (+20.0% YoY)
Operating Profit: AED 32.04 Million (+67.3% YoY)
Profit Before Tax: AED 35.55 Million (+64.2% YoY)
Net Profit: AED 32.61 Million (+67.7% YoY)
Earnings Per Share (EPS): AED 0.24 (+71.4% YoY)
Compared with H1 2025:
Revenue increased 3.4% to AED 132.51 million.
Gross profit increased 20.0% to AED 61.49 million.
Operating profit increased 67.3% to AED 32.04 million.
Profit before tax increased 64.2% to AED 35.55 million.
Net profit increased 67.7% to AED 32.61 million.
Earnings per share increased from AED 0.14 to AED 0.24.
3. Operational Highlights & Key Metrics
Total Assets: AED 386.91 Million
Total Equity: AED 286.85 Million
Property, Plant & Equipment: AED 99.40 Million
Cash & Cash Equivalents: AED 17.35 Million
Bank Deposits: AED 96.00 Million
Net Cash Generated from Operating Activities: AED 31.40 Million
Gross Profit Margin: 46.41% (vs. 40.01% in H1 2025)
Cash Dividend Approved: AED 40.80 Million (30 fils/share)
4. Key Performance Drivers
Fujairah Building Industries' H1 2026 performance was driven by higher sales of rock wool insulation and concrete products, which offset weaker quarry and marble revenues. Gross profit margin expanded to 46.4% from 40.0% a year earlier, reflecting improved operating efficiency and lower selling and distribution expenses. The company also benefited from higher dividend and finance income, while maintaining strong operating cash flow generation of over AED 31 million during the first half.
5. Outlook & Forward Guidance
Management stated that the Group continues to operate on a going concern basis with adequate financial resources to support its operations. Despite ongoing geopolitical developments in the region, the Board concluded that there has been no significant impact on the Group's business, supply chain, liquidity or financial position, and management will continue monitoring the situation while pursuing sustainable long-term growth.
6. Investor Takeaway
Fujairah Building Industries delivered an impressive first-half performance, combining modest revenue growth with substantial expansion in profitability and margins. Supported by strong operating cash flows, a healthy balance sheet, improved operating efficiency and consistent shareholder distributions, the Group remains well positioned to benefit from continued demand across the UAE construction and infrastructure sectors.
