# Union Coop Reports 9.4% Income Growth in First Nine Months of 2026 Retailer achieves Dh1.86 billion income driven by strong e-commerce and branch sales performance. - **Source:** [Khaleej Times](https://www.khaleejtimes.com) - **Published:** 2026-11-06 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/ac489734-a266-4fdd-99b2-722535398093 ## Strong Nine-Month Financial Performance Union Coop reported a total income of Dh1.86 billion for the first nine months of 2026. This represents a 9.4 percent increase compared to the Dh1.70 billion recorded during the same period in 2025. The company also marked its 13th consecutive quarter of growth, demonstrating consistent performance across its retail operations. ## Profitability and Earnings Metrics Net profit after tax reached Dh243.3 million, reflecting a 7.3 percent rise from the Dh226.9 million reported a year earlier. Basic and diluted earnings per share improved to Dh0.14, up from Dh0.13 in the previous year. These figures are based on the company's unaudited interim condensed financial statements for the period. ## Digital Channel Expansion Success E-commerce sales emerged as a significant growth driver, surging by 40.6 percent during the nine-month period. CEO Mohamed Al Hashemi noted that this increase highlights the growing contribution of digital channels to the overall business model. The company intends to continue investing in these platforms to further enhance customer accessibility. ## Retail Sales and Branch Operations Traditional retail sales grew by 6.7 percent to reach Dh1.48 billion by the end of September 2026. Management remains focused on developing branch operations alongside digital growth to maintain a balanced market presence. This dual approach aims to optimize resource management while ensuring competitive value is consistently delivered to all customers. ## Third Quarter Performance Surge The third quarter of 2026 showed particularly strong momentum, with net profit rising by 30.7 percent to Dh69.6 million. Total income from operating activities for this quarter reached Dh587.6 million, an 8.3 percent increase. Revenue specifically from the sale of goods also rose by 6.9 percent, totaling Dh509.7 million during the quarter. ## Strategic Operational Priorities Union Coop is prioritizing operational efficiency and effective resource management to sustain its current growth trajectory. By maintaining financial discipline, the company aims to secure long-term returns for its shareholders. These strategic pillars are intended to support the retailer's ability to navigate competitive market conditions while expanding its overall service footprint. ## Pre-Tax Profit Growth Context Profit before tax for the nine-month period reached Dh268.6 million, compared to Dh250.8 million in the corresponding period of 2025. This growth reflects the company's ability to manage costs effectively while scaling its revenue streams. The consistent upward trend in pre-tax earnings underscores the stability of the firm's core retail business. ## Future Outlook and Sustainability The company continues to focus on balancing physical branch expansion with digital transformation. By leveraging the 40.6 percent growth in e-commerce, Union Coop is positioning itself to capture evolving consumer habits. Sustained investment in these areas is expected to remain a central component of their long-term financial and operational strategy. ## Sources covering this story - https://www.khaleejtimes.com/kt-network/union-coop-reports-94-growth-in-total-income-to-dh186-billion-in-first-nine-months-of-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._