On Tuesday, Lulu Retail Holdings announced a 7.5% rise in net profit for the first nine months of 2025, reaching $163 million. The company plans to launch 50 new outlets over the next three years.
As the leading pan-GCC full-line retailer, Lulu opened six new stores in Q3 2025, bringing the total to 13 for the first nine months. Additionally, three more stores were launched in October 2025.
Over the upcoming three years, Lulu plans to open 50 outlets, evenly distributed across the UAE, Saudi Arabia, and other GCC regions. The company also reported the closure of two stores in the third quarter: an express store in the UAE and a mini market in Saudi Arabia.
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Lulu is adapting to the evolving retail landscape in Saudi Arabia, where online and quick-commerce platforms are rapidly growing, alongside value-driven competitors expanding their presence, increasing competition across channels.
“Lulu is strategically expanding our store network in high-potential areas while scaling our e-commerce platform. We’ve launched strategic initiatives, including smarter promotions, reducing fresh food wastage, and optimizing costs across our network. Moreover, we’re expanding partnerships with aggregators to enhance our reach and customer offerings,” the company stated in its Q3 report.
January-September 2025 Performance
Revenues for January-September 2025 surged 4.7% year-on-year to $6 billion.
The 9-month EBITDA rose to $598 million, reflecting a 5.5% year-on-year growth.
“Despite challenges in the grocery retail sector, Lulu remains resilient in executing our growth strategy. Our customer count has grown nearly 5% year-on-year, showing strong demand for Lulu’s value-to-premium offerings. Our store expansion is on track, and like-for-like sales are positive in all countries except Bahrain,” stated Saifee Rupawala, CEO of Lulu Retail.
“As demand for online channels continues to rise, Lulu is rapidly scaling our e-commerce offerings. We’re also evolving customer offerings towards smaller stores with a disciplined rollout strategy,” he added.
In Q3 2025, revenue reached $1,896 million, a growth of over 2% year-on-year.
Q3 2025 saw a 3.1% increase in gross profit, totaling $449 million, while net profit margins remained steady with $36 million reported for the period.
E-commerce continues its rapid growth with a 32.4% year-on-year increase in Q3 2025, aligning with a 33.6% growth over the nine months of 2025.
The sales growth is driven by high demand for fresh food and electrical goods.
