Group revenue: Increased by 2.8% year-on-year (YoY) to AED 824.9 million in Q3 2025, primarily due to robust demand in the UAE which contributed top-line growth
Gross profit margin: Declined marginally by 70bps YoY to 40.5% in Q3 2025, down from 41.2% in Q3 2024. EBITDA performance: EBITDA improved by 14.7% YoY in Q3 2025, to AED 167.7 million from AED 146.2 million in Q3 2024. 9M 2025 EBITDA increased by 6.9% YoY to AED 464.1 million.
Profit before tax: Increased by 42.4% YoY to AED 86.6 million, compared to AED 60.8 million in Q3 2024. 9M 2025 Profit before tax increased 22.2% YoY to AED 237.8 million.
Financial health: Net debt increased by 4.5% to reach AED 1.64 billion in Q3 2025, compared to AED 1.57 billion in Q3 2024, primarily driven by increased capital expenditure and working capital requirements.
Ras Al Khaimah, United Arab Emirates: RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the largest ceramics and porcelain lifestyle solutions provider in the world, today announced its financial results for the third quarter ended 30 September 2025.
Our financial performance in Q3 has been strong, demonstrating the resilience of the business in the face of a tough macro-economic environment. Total revenue increased by 2.8% YoY to AED 824.9 million in Q3 and by 2.8% YoY to AED 2.43 billion in 9M 2025 as a result of continued strong demand from the UAE and Middle East.
EBITDA increased by 14.7% to AED 167.7 million in Q3 2025 compared to AED 146.2 million in the same period last year and by 6.9% YoY to AED 464.1 million in 9M 2025. EBITDA margins have increased by 2.1% to 20.3% in Q3 2025 up from 18.2% in Q3 2024. Profit before tax increased by 42.4% YoY to AED 86.6 million, compared to AED 60.8 million in Q3 2024.
Net profit after tax increased by 20.7% YoY to AED 67.5 million, compared to AED 55.9 million in Q3 2024. In 9M 2025, net profit after tax was recorded at AED 182.7 million, compared to AED 169.9 million in 9M 2024.
UAE Corporate tax was AED 17.3 million in Q3 2025, up from AED 9.0 million in Q3 2024 on account of introduction of Domestic Top-up tax effective 1st January 2025. Net debt increased by 4.5% to AED 1.64 billion from AED 1.57 billion in Q3 2024, primarily driven by increased capital expenditure and working capital requirements.
Tiles revenue continued to grow in Q3, up 2.5% year-on-year to AED 479.7 million, led by strong demand in the UAE, India, Bangladesh, Europe (Germany) and Africa with an increasing contribution from high-margin projects supported by a focus on premium positioning.
Sanitaryware revenue increased by 5.3% to AED 123.8 million, driven by strong demand in the UAE. Revenue growth was primarily driven by an improved ASP, owing to a favorable product mix shift. Gross margins improved by 280 bps to 36.6% supported by improved operational efficiencies and higher sales in the UAE.
Tableware division reported a modest decline in revenue of 0.6% to AED 84.8 million for Q3 2025. Despite the revenue decline, gross profit margin improved by 130 bps, supported by higher sales to the airline industry and premium hospitality projects.
Faucets revenue continued to grow by 8.8% to AED 118.3 million in Q3 2025, mainly driven by performance in UAE, Europe and Asia.
UAE: Continued to deliver strong revenue growth, reporting an increase of 6.7% to AED 236.9 million in Q3 2025 from AED 222.0 million primarily driven by the Tiles and Sanitaryware segments and supported by sustained momentum in the real estate sector.
Saudi Arabia: Registered a decline in revenue of 24.7% in Q3 2025 to AED 51.9 million from AED 69.0 million in Q3 2024. The KSA market continues to face challenges owing to a decline in liquidity, intensified competition, and oversupply from local tile manufacturers.
Despite the top line pressure, gross profit margin improved by 240 bps, driven by a favorable product mix. Europe: Revenue has remained under pressure attributed to tough macroeconomic conditions, including stagnant growth, persistent inflation and continued recessionary concerns.
In Q3 2025, revenue in Europe declined by 4.9% to AED 85.2 million from AED 89.6 million in Q3 2024, driven by weak demand in the UK and Italy. Revenue in Italy fell by 17.4% (in local currency), and in the UK by 19.1% (in local currency). In contrast, Germany posted a revenue increase of 14.9% (in local currency), driven by stronger market traction.
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Source article: RAK Ceramics announces Q3 and 9M 2025 financial results | Source publish time: Nov 13, 2025 | Source language: en
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