VASRO has published an update report on Spinneys 1961 Holding PLC following the company's first-half 2026 results. Profit for the period rose 2.5% to AED 175m, while profit attributable to shareholders increased 4.5% to AED 182m. Despite falling UAE sales, UAE profit before tax increased 6.1% during the quarter. On VASRO's estimates, closing that utilization gap represents approximately AED 209m of half-year revenue potential within stores that are already built, staffed and leased. After the reporting period, Spinneys approved the acquisition of a further 20% of the Saudi operation for SAR 18m, taking its ownership to 70%.