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HomeInvestmentEmirates Mobility Third-Quarter Profit Falls 41.6% to AED63.9 Million as Revenue Drops...

Emirates Mobility Third-Quarter Profit Falls 41.6% to AED63.9 Million as Revenue Drops 15.5%

Emirates Mobility, the Abu Dhabi-listed company formerly known as Emirates Driving Company, said profit attributable to shareholders for the third quarter of 2026 fell 41.6% to AED63.9 million from AED109.3 million a year earlier.

Quarterly revenue fell 15.5% to AED177 million from AED209.3 million, while gross profit dropped 23.8% to AED105.5 million, CNBC Arabia reported, citing the company’s results.

An Emirati executive in a white kandura speaks into a microphone at a desk during a ceremony at the Abu Dhabi Securities Exchange
An Emirates Mobility executive speaks at the Abu Dhabi Securities Exchange ceremony marking the company’s new trading symbol, May 13, 2026. Photo: Emirates Mobility via Construction Business News Middle East

Nine-month profit attributable to shareholders fell 21.8% to AED205.7 million from AED263.2 million in the same period of 2025.

Revenue for the first nine months declined 4.5% to AED537.6 million from AED562.7 million.

First-half profit attributable to shareholders was about AED141.8 million, down 7.8% from a year earlier.

The company, a unit of 2PointZero Group, changed its name and Abu Dhabi Securities Exchange ticker to EMOBILITY from DRIVE in May. Its portfolio includes Excellence Premier Investment Group, stakes in Mwasalat Holding, and AI road-testing firm Performise Labs.