Abu Dhabi – Mubasher: The net losses attributable to the shareholders of Phoenix Group fell to $81.03 million in the first quarter (Q1) of 2026 from $153.59 million in Q1-25.
The revenues amounted to $23.30 million as of 31 March 2026, an annual drop from $31.26 million, according to the financial results.
During the first three months (3M) of 2026, the loss per share hit $0.013, compared to $0.025 in the year-ago period.
Total assets hit $608.65 million at the end of March 2026, versus $684.25 million as of 31 December 2025.
Last year, the group’s revenues totaled $117.74 million, down from $205.68 million in 2024.
