Gulf Hotels Group B.S.C (GHG) has released its financial results for the fourth quarter and the full year ending 31 December 2025. The Group posted a net profit of BD 9.8 million for the year, a 10.4% increase from the BD 8.9 million recorded in 2024.

The Group’s growth over the last two years shows a clear upward trend. Since 2023, net profit has jumped from BD 6.8 million to BD 9.8 million, which is a 44% increase. Management credits this growth to careful operational execution and improved cost management.

Fourth Quarter Financial Performance

In the final three months of 2025, the Group earned a net profit of BD 3.33 million. This marks an 11.6% increase compared to the BD 2.98 million earned during the same period the year before. Earnings per share for the quarter rose to 15 fils, up from 13 fils in 2024.

Total comprehensive income for the quarter increased significantly to BD 4.4 million, more than double the BD 2.2 million recorded in the fourth quarter of 2024. However, revenue for the quarter stayed flat at BD 10.6 million, reflecting a slight decrease of 0.41% compared to the previous year.

Full Year Results and Dividends

For the full year of 2025, the Gulf Hotels Group’s total revenue reached BD 36.9 million, a small increase of 0.6% over the BD 36.7 million recorded in 2024. Earnings per share for the year stood at 43 fils, compared to 39 fils in the previous year.

The Gulf Hotels Group’s total comprehensive income for the year was BD 10.5 million, a 53.5% increase from BD 6.8 million in 2024. Based on these results, the Board of Directors has recommended a cash dividend of 25 fils per share, amounting to BD 5.64 million. This recommendation represents 25% of the share’s nominal value and is subject to shareholder approval at the Annual General Meeting on 18 March 2026.

Balance Sheet and Asset Growth

The Gulf Hotels Group’s financial position strengthened throughout 2025. Total equity, excluding minority interests, rose to BD 110.3 million by 31 December 2025, a 4.5% increase from the BD 105.5 million reported at the end of 2024. 

Total assets also grew by 3.6%, reaching BD 117 million compared to BD 112.9 million the previous year. Chairman Fawzi Kanoo noted that these figures show a focus on efficiency and profit improvement, even as the hospitality market faces rising supply and slow overall growth.

Strategic Roadmap and Regional Expansion

The Group is currently implementing its 2026 to 2030 Strategy Roadmap. A major part of this plan involves moving toward an asset-light model. This includes developing a Third-Party Operator (TPO) platform, which allows the Gulf Hotels Group to manage hotels owned by other companies.

A key milestone in this expansion is a partnership with Burhan Hotels. Under this agreement, Gulf Hotels Group will manage three hotels in Makkah, Saudi Arabia, adding about 1,000 rooms to its portfolio. This move marks the Gulf Hotels Group’s first entry into the Saudi Arabian market. The Gulf Hotels Group is also exploring further opportunities in the UAE, East Africa, and the Indian Ocean.

Portfolio Integration and New Ventures

Several properties within the portfolio changed in 2025 to enhance their international visibility. The Gulf Hotel Bahrain was integrated into the Marriott Bonvoy loyalty platform and distribution network. Similarly, the Gulf Court Hotel Dubai was rebranded as Grand Mercure Dubai Downtown through a partnership with Accor.

In addition to traditional hotel management, the Group launched two new business units:

  • Gulf Catering Company: This unit provides institutional catering and large-scale food production for the healthcare, education, and corporate sectors.
  • MFive Services: Established in partnership with Abu Dhabi National Hotels and Metro Global, this company focuses on specialised hospitality support services.

Group CEO Ahmed Janahi stated that these new ventures and partnerships aim to diversify revenue streams. The Group plans to become a more agile and regional hospitality platform in the coming years.

READ MORE: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit