Lulu Retail Holdings plans to expand its presence across the Gulf by opening 50 new outlets over the next three years, with an even split between the UAE, Saudi Arabia and other GCC markets.
The region’s largest full line retailer reported a 7.5 percent rise in net profit to 163 million dollars for the first nine months of 2025. Revenue for the same period grew 4.7 percent year on year to 6 billion dollars, while EBITDA increased 5.5 percent to 598 million dollars.
Lulu opened six new stores in the third quarter and 13 in the first nine months of the year, adding three more in October. Two outlets were closed during the quarter, one in the UAE and one in Saudi Arabia.
The retailer said it continues to adapt to changing consumer behavior as online and quick commerce platforms grow rapidly in Saudi Arabia. Lulu said it is expanding in high potential markets while strengthening its own e commerce platform. The company is also improving promotions, reducing waste in its fresh food segment and focusing on cost efficiency across stores.
E commerce revenue grew 32.4 percent year on year in the third quarter and 33.6 percent in the first nine months of 2025, driven by demand for fresh food and electronic goods. Gross profit rose 3.1 percent to 449 million dollars in the third quarter, while net profit for the period remained stable at 36 million dollars.
Chief Executive Officer Saifee Rupawala said Lulu’s growth strategy is on track, supported by a 5 percent increase in customer numbers and steady same store sales in most countries except Bahrain. The group is also investing in smaller format stores and building new partnerships with aggregators to reach more customers and enhance its overall offering.
