Drake & Scull revenue doubled to $61m in 2025

Drake & Scull International said revenues more than doubled in 2025, driven by projects gaining pace across core markets and the continued conversion of its order book into revenue.

The top line rose 116 percent to AED224 million ($61 million) last year, the company said in a statement to the Dubai Financial Market.

DSI is a construction and engineering company based in Dubai.

It reported progress on large-scale infrastructure works in the UAE and the acceleration of water and wastewater projects under Passavant, its German subsidiary, across multiple international markets.

Net earnings were AED47 million in 2025. Total assets declined 6 percent year on year to AED611 million. Cash and bank balance was AED235 million, the statement said.

DSI said it has implemented contingency plans to protect its financial position and ensure stability amid the current regional turmoil. The ongoing Iran war started on February 28.  

Shares of DSI closed nearly 1 percent lower at AED0.214 on Monday, down 15 percent so far this year.

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