Lulu Retail Holdings reported a net profit of $35.1 million for Q3, marking an impressive 126% year-on-year growth. The UAE-based hypermarket chain, which raised $1.72 billion in an IPO earlier this month, also posted a 6% YoY increase in revenue, reaching $1.86 billion. According to the ADX-listed company, robust sales growth in key markets such as the UAE, Saudi Arabia, and Kuwait fueled this performance, with strong demand across core product categories.

The company’s Q3 EBITDA rose 9.9% YoY to $176.3 million, achieving an EBITDA margin of 9.5%. This reflects Lulu’s ability to sustain profitability while expanding its market presence. The results underscore the retail giant's strong foothold in the Middle East and its success in capitalizing on regional growth opportunities.