The Top 10 Annual Reports of 2025 in the region and beyond (So Far)
What the most strategic organisations in the GCC and beyond are doing differently.
Introduction
In a region defined by transformation, the annual report is becoming much more than a regulatory requirement.
For organisations in Saudi Arabia, the UAE, Bahrain, and beyond, it’s now a window into leadership’s vision, a signal to stakeholders, and a platform to reinforce purpose, strategy, and performance.
At Spark, we see reporting as an act of clarity. The strongest reports today don’t just share data, they connect story, strategy, and structure in a way that earns trust. They’re written with precision, designed for comprehension, and built to serve a diverse audience, from boardrooms to analysts to policymakers.
Here are ten reports that show how it’s done, including two of our own projects, selected for their ability to blend content depth, narrative sharpness, leadership transparency, and system-level design.
What Makes a Great Annual Report in 2025
Across sectors and regions, we’re seeing convergence around a few key principles:
Clarity of leadership intent and direction
A central narrative that links strategy to performance
Investor-grade insight, supported by context, not just metrics
Design that organises and elevates, without overwhelming
Strong bilingual fluency and regional relevance (especially in the GCC)
Design that organises and elevates, without overwhelming
Strong bilingual fluency and regional relevance (especially in the GCC)
Top 10 Annual Reports of 2025 (So Far)
STC – Saudi Arabia
A benchmark in aligning leadership vision with strategic clarity. Strong narrative coherence, bilingual fluency, and direct alignment with Vision 2030 priorities.
Explore our STC Annual Report Case Study .
Emirates NBD – UAE
One of the most structurally sound reports in the region. Clear articulation of leadership themes, ESG integration, and solid investor positioning.
GFH Financial Group – Bahrain
A finance-sector report that shows how performance storytelling can remain grounded in credibility. Sharp layouts and rational narrative pacing.
Adidas – Germany
Design minimalism meets strategic focus. While bold in visual style, its strength lies in how cleanly it communicates corporate intent.
Catrion – Saudi Arabia (by Spark)
A report built around clarity and transformation. The narrative bridges performance and ambition, supported by accessible bilingual storytelling and a modern structure.
See the Catrion Case Study .
WWF – Tigers Alive
A great example of mission-driven reporting. It blends human impact, strategy, and outcomes into a compelling narrative with emotional weight.
HELLENiQ Energy – Greece
ESG at the core, not as an afterthought. The report positions the company as a strategic actor in the transition economy, with clarity and discipline.
Diriyah Foundation (DGDA) – Saudi Arabia (by Spark)
A heritage-based brand with a future-facing story. This report aligns vision with delivery, using tone, structure, and data to reflect institutional credibility.
Discover the Diriyah Foundation Case Study .
Rusagro Group – Russia
Proof that interactivity can support, not distract. Rusagro’s layout, charts, and scroll dynamics enhance rather than clutter the investor story.
Saudi Aramco – Saudi Arabia
Scale, direction, and delivery — Aramco’s report is grounded in clear leadership communication. It merges long-term vision with operational clarity and regional leadership.
Key Takeaways
The best reports speak with one voice, leadership, comms, and investor teams aligned
Strategy and ESG must be integrated into the story, not tucked into isolated sections
Bilingual expression (especially in the Gulf) is not just translation, it’s a tone-of-voice discipline
Design should serve the message, never distract from it
The report should reflect what the institution believes in, not just what it did