IHC Reports 32% Revenue Growth in Nine-Month Results
International Holding Company (IHC) has showcased remarkable financial performance for the first nine months of 2025, driven by strategic acquisitions and a robust global expansion strategy. The company reported a revenue of Dh84.6 billion, reflecting a significant 32.3% increase compared to the same period last year, alongside a profit after tax of Dh19.5 billion, which marks an 8.3% rise.
Financial Highlights
IHC’s financial results reveal a strong upward trend. Profit before tax reached Dh21.7 billion, while the gross profit margin improved to 26.6%, up from 23.9% in the previous year. The company’s total assets surged to Dh462.1 billion, indicating ongoing investments and consolidation efforts across its diverse portfolio.
In the third quarter of 2025, IHC experienced one of its most successful quarters to date, achieving a revenue of Dh29.9 billion—an impressive 34.6% year-on-year increase. Profit after tax for this quarter soared to Dh8.7 billion, reflecting a remarkable 53% growth. The gross profit for Q3 also rose significantly to Dh7.5 billion, bolstered by the company’s expanding operations both in the UAE and internationally.
Strategic Growth and Diversification
Syed Basar Shueb, CEO of IHC, emphasized the company’s commitment to sustained growth and operational resilience. “Through strategic portfolio management and efficient execution, we continue to deliver sustained growth, operational resilience, and long-term shareholder value,” he stated. IHC’s focus on building dynamic value networks aims to connect innovation with long-term capital, transforming opportunities into lasting enterprise value.
Revenue growth was widespread across IHC’s key operating segments. The Real Estate and Construction division reported Dh34.1 billion, a staggering 50.4% increase, largely due to the development pipelines of Modon and Aldar. The Marine and Dredging division generated Dh21.6 billion, up 11.1%, reflecting the expanding international footprint of NMDC Group.
The Hospitality and Leisure sector saw a remarkable revenue increase to Dh7.3 billion, a 65.4% rise fueled by strengthening global demand. Additionally, other services, including healthcare, industrials, mining, and logistics, contributed Dh12.5 billion, marking a 37.9% increase.
Strong Financial Position
IHC concluded the reporting period with Dh267.8 billion in equity and Dh56.9 billion in cash, ensuring a robust liquidity position for future investments. The return on equity stood at 11%, while the return on assets was recorded at 6.4%, highlighting the Group’s strong profitability.
Major Acquisitions and Partnerships
The company’s expansion strategy this year has been marked by several significant acquisitions and partnerships. Notably, IHC acquired a majority stake in Alphamin Resources, entering the strategic metals sector. The launch of RIQ, an AI-native reinsurance platform in collaboration with BlackRock and Lunate, further diversifies IHC’s portfolio. Additionally, Alpha Dhabi Holding has expanded its hospitality ventures.
IHC has also strengthened its presence in the financial services sector with a majority stake in Reem Finance, enhanced food security in the UAE through Al Ain Farms acquisitions, and expanded its renewable energy capabilities with Good Energy. Other investments have included ventures into luxury packaging, electric mobility, and international hospitality.
Future Developments
Following the reporting period, IHC announced several significant developments, including plans to merge 2PointZero, Multiply Group, and Ghitha Holding into a combined investment platform valued at approximately Dh120 billion. The Group also completed a record divestment of its 42.5% stake in Modon Holding, marking one of the largest market transactions in the UAE.
Additionally, IHC has entered Pakistan’s financial sector with a majority stake in First Women Bank Limited, agreed to invest $1 billion in India’s Sammaan Capital, and expanded its reach into Africa through a solar development partnership in Zambia.
FAQs
What were IHC’s total revenues for the first nine months of 2025?
IHC reported total revenues of Dh84.6 billion for the first nine months of 2025, reflecting a 32.3% increase from the previous year.
How did IHC’s profit after tax change compared to last year?
The profit after tax for IHC increased by 8.3% year-on-year, reaching Dh19.5 billion for the nine-month period.
What strategic moves has IHC made recently?
IHC has made several strategic acquisitions, including a majority stake in Alphamin Resources and a partnership to launch an AI-native reinsurance platform, among others.
Conclusion
IHC’s impressive financial performance in the first nine months of 2025 underscores its successful diversification and strategic growth initiatives. With a strong liquidity position and ongoing investments, the company is well-positioned for future opportunities and continued expansion in various sectors.
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