Image: IHC
International Holding Company (IHC) reported a 32.3 per cent rise in revenue to Dhs84.6bn for the first nine months of 2025, driven by operational efficiency and a diversified investment portfolio, the Abu Dhabi-based conglomerate said on Wednesday.
Net profit increased 8.3 per cent year-on-year to Dhs19.5bn, while profit before tax rose 15.7 per cent to Dhs21.7bn.
Total assets climbed 15.0 per cent year-to-date to Dhs462.1bn, supported by organic growth and strategic acquisitions.
In the third quarter alone, IHC recorded revenue of Dhs29.9bn, up 34.6 per cent year-on-year, and profit after tax of Dhs8.7bn, a 53 per cent increase. Gross profit rose 46.7 per cent to Dhs7.5bn, lifting gross margin to 26.6 per cent.
Factors driving IHC growth
Growth was led by the real estate and construction segment, which generated Dhs34.1bn in revenue, up 50.4 per cent year-on-year, helped by Modon and Aldar’s strong pipeline.
Marine and dredging operations delivered Dhs21.6bn in revenue, up 11.1 per cent, while hospitality and leisure surged 65.4 per cent to Dhs7.3bn. Services and other segments added Dhs12.5bn, a 37.9 per cent rise.
IHC’s total equity increased to Dhs267.8bn, while cash and bank balances stood at Dhs56.9bn. Return on equity reached 11.0 per cent, and return on assets was 6.4 per cent.
“Our nine-month performance reflects the enduring strength of IHC’s diversified model and our disciplined focus on value creation across industries,” said CEO Syed Basar Shueb. “Through strategic portfolio management and efficient execution, we continue to deliver sustained growth, operational resilience, and long-term shareholder value.”
During the period, IHC completed several major transactions, including acquiring a 56.23 per cent stake in Alphamin Resources for Dhs1.35bn, a controlling stake in NCTH through Alpha Dhabi Holding, and a 69.33 per cent stake in Reem Finance.
The company also launched AI-native reinsurance platform RIQ with BlackRock and Lunate, backed by more than $1bn in equity.
Subsequent to the reporting period, IHC announced plans to merge its portfolio companies 2PointZero, Multiply Group, and Ghitha Holding into a single entity valued at about Dhs120bn, and sold its 42.54 per cent stake in Modon Holding to L’imad Holding in the UAE’s largest-ever market transaction.
IHC also expanded internationally, announcing a $1bn investment in India’s Sammaan Capital, the acquisition of Pakistan’s First Women Bank Limited under a G2G framework, and renewable energy projects in Africa.
The group’s subsidiaries achieved recognition for sustainability initiatives, including Aldar’s $290m green sukuk issuance and Emirates Driving Company’s MSCI AAA ESG rating.
With total assets above Dhs460bn and strong liquidity, IHC said it remains focused on disciplined capital deployment and continued expansion in 2025.
IHC denies Aldar sale rumour
In other news, IHC has also confirmed that it has no plans to sell its stake in Aldar Properties , reaffirming its long-term confidence in Abu Dhabi’s real estate sector.
The company, through its group entities, holds a majority stake in Aldar, which it described as a strategic, long-term investment within its diversified global portfolio.
“We remain committed to supporting Aldar as it continues to shape Abu Dhabi’s real estate landscape and drive sustainable development across the UAE,” said Shueb. The reaffirmation underscores IHC’s confidence in Abu Dhabi’s resilient property market and aligns with its focus on long-term value creation and national diversification goals.
