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Home BusinessMubadala-owned Sund posts 35% H1 2026 revenue growth to AED 4.31 billion

Mubadala-owned Sund posts 35% H1 2026 revenue growth to AED 4.31 billion

by James Bryant
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Mubadala-owned Sund posts 35% H1 2026 revenue growth to AED 4.31 billion

Sund H1 2026 results: Revenue rises 35% to AED 4.31bn as Al Ain expansion advances

Sund H1 2026 results: AED 4.31bn revenue, up 35%. Mubadala-owned Sund invests in Al Ain, wins AED 95.5m in contracts, 99% revenue from international clients.

Sund reported a 35% year-on-year rise in first-half revenue as demand for its maintenance, repair and overhaul services accelerated globally. The Mubadala-owned aerospace engineering and asset-management firm said total income reached AED 4.31 billion for H1 2026 in a statement dated July 20, 2026. Management attributed the gain to strong international demand, new commercial agreements and continued investment in advanced repair capabilities.

Revenue climbs to AED 4.31 billion in H1 2026

Sund’s H1 2026 results show a clear upward trajectory, with revenue rising to AED 4.31 billion from the comparable period last year. The company said this represents a 35% increase and reflects higher utilization across its maintenance and asset-management offerings. Management highlighted that expanded services for next-generation engines and improved operational throughput were key contributors to the top-line growth.

Eight new commercial agreements worth AED 95.5 million were signed during the period, the company added, bolstering recurring revenues and broadening Sund’s service portfolio. These contract wins came alongside continued investments in testing and repair infrastructure that helped convert growing demand into booked business.

International customers account for 99% of revenue

Sund reported that international clients provided 99% of its H1 revenue, underscoring the company’s global positioning within the aircraft maintenance market. The predominance of overseas demand reflects both the geographic reach of airline customers and Sund’s competitive capabilities in servicing diverse engine types. Executives said the international footprint supported scale efficiencies and stronger utilization of capital-intensive facilities.

The company noted that expanding global partnerships and delivering integrated lifecycle solutions—covering maintenance, repair, testing and asset management—have increased its attractiveness to carriers and lessors. Sund’s strategy of targeting full-life-cycle support appears to be drawing more long-term customers, according to the statement.

Large-scale Al Ain projects to boost repair capacity

Sund has committed more than AED 800 million over the past two years to expand capabilities for next-generation engine maintenance and repair. Central to that program is a AED 480 million centre of excellence for engine component repair in Al Ain, which will occupy roughly 17,600 square metres and is scheduled to begin operations in 2030. The facility will consolidate advanced component repair capabilities under one roof to serve multiple engine platforms.

In parallel, construction has started on Sund’s GTF engine maintenance centre in Al Ain, a site exceeding 64,000 square metres that is planned to enter service by the end of 2028. When operational, Sund expects the GTF facility to rank among the world’s largest dedicated centres for that engine family, enhancing Abu Dhabi’s manufacturing and MRO credentials.

Operational resilience amid supply-chain challenges

Sund’s leadership said operational resilience and strategic investment underpinned performance despite continued supply-chain disruption in the aviation sector. The firm emphasized targeted capacity upgrades, expanded testing infrastructure and investments in repair technologies as measures that increased throughput and reduced turnaround times. These moves helped maintain service levels during periods of parts scarcity and logistical volatility.

Chief executive Mansour Janahi described the first half of 2026 as a “significant milestone” for Sund and reiterated the company’s focus on providing integrated lifecycle support to airline customers. He added that ongoing capital deployment and workforce development were central to sustaining growth and enhancing service reliability.

Emiratization and internal leadership development advance

Sund reported progress on local workforce participation, with the Emiratisation rate rising to 36.9% across the business. UAE nationals now occupy 51.6% of senior leadership positions, reflecting a deliberate push to develop a domestic leadership pipeline. The company said roughly two-thirds of new leadership appointments were filled through internal promotions, indicating maturation of its talent and succession programs.

Management linked workforce localisation to broader goals of building an Abu Dhabi-based aerospace ecosystem and ensuring long-term operational stability. Training initiatives and career pathways were cited as key elements in maintaining retention and transferring specialised technical skills.

Sund’s H1 2026 results underscore a period of accelerated growth driven by international demand, strategic investments and a strengthening leadership base. With major Al Ain facilities under construction and a pipeline of new contracts, the company is positioning itself to meet rising global requirements for next-generation engine services while contributing to Abu Dhabi’s ambition to be a regional aviation hub.

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