Emirates Mobility Co Kept at Buy as FAB Notes Q2 Results

06:56 AM EDT, 07/30/2026 (MT Newswires) -- FAB Securities maintained its rating for Emirates Mobility Co (ADX:EMOBILITY) after the company released its second-quarter financial statements. For the second quarter, the mobility company posted a 21% annual decline in attributable net profit to 69 million Emirati dirhams, missing FAB's 86 million-dirham forecast, according to a Wednesday note. Revenue reached 172 million dirhams, against the research firm's 201 million-dirham estimate. "We maintain our BUY rating on EMOBILITY with a target price of AED 4.50. EMOBILITY's net profit attributable to equity shareholders declined 21.0% YOY in 2Q26. The earnings decline was primarily driven lower students volumes at Excellence and no one-offs income recorded in 2Q26 and higher operating costs rather than any material deterioration in the Company's core operations," analysts said. "While near-term earnings may remain affected due to rising cost pressure and expansion initiatives, the strategic investments are expected to strengthen EMOBILITY's position and support revenue and earnings over 2026."