Architect’s turnover heads up and over £80m but pre-tax profit slumps nearly two-thirds
Zaha Hadid Architects’ turnover jumped from £77m to £83m this year as the Middle East took over as the firm’s largest market.
The group brought in a total of £39.3m from the Middle East in the year to 30 April, up from £27m the year before, with the region now accounting for almost half of its work.
But pre-tax profit at the practice fell by 60% during the period to just £342,000, down from £907,000 for the year before as a £2m hike in staff costs from £42m to £44m hit the firm’s bottom line. Staff levels stayed flat at just over 500.
The drop in profit came as turnover in Asia, formerly the practice’s biggest market, fell from £36m in 2024 to £26m in 2025, while revenue from the UK slumped from £1.7m to £430,000.
Turnover was up in the firm’s third largest market, Europe, from £10.4m to £13m, but fell in North America from £2.3m to £1.2m, while it grew substantially in its smallest region, Africa, from £155,000 to £3m.
Major schemes completed this year included the first phase of the Navi Mumbai International Airport in Mumbai, which was opened by India’s prime minister Narendra Modi in October, and the Riyadh Metro in Saudi Arabia.
The practice also marked the completion of construction works at Western Sydney Airport and the opening of the 60,000-seat Xi’an International Football Centre stadium in China.
Zaha Hadid Architects has been contacted for comment.
No comments yet