Endeavour Holdings Ltd (EHL) yesterday reported a drop in profits and revenues for the six-month period ended October 31, 2025.
In the company’s financial report for the period, it was revealed that net profit after tax stood at $15.84 million in 2025, a decrease of 29.3 per cent from $22.41 million profit for the same period in 2024.
Endeavour chairman John Aboud stated in his report, “Revenue from contracts with customers for the six months was $41.31 million compared to $44.58 million in 2024, a decline of $3.3 million. This was primarily due to vacancies at Uptown Mall, CHIC Building, and Briar Place, partially offset by rental increases at other properties.”
Aboud explained, “Rental expenses decreased by $1.1 million from $14.2 million in 2024 to $13.2 million in 2025, reflecting lower non-recurrent maintenance costs as compared to 2024. Administrative expenses increased by $0.7 million from $1.8 million in 2024 to $2.5 million in 2025, driven by increased legal and professional fees. Operating expenses were $0.8 million in 2025, compared to a credit of $1.3 million in 2024, due to the prior-year bad debt reversals.”
Despite the results, Aboud was optimistic about the company’s future operations, noting the company had focused on property enhancements and tenant engagement positions.
Aboud said as a result the company was expecting improved occupancy and revenue growth in the coming quarters.
