Emirates Stallions Group (ESG), part of International Holding Company (IHC), reported strong results for Q1 2025. Revenue rose 10% year-on-year to AED332.68 million. This growth reflects ESG’s focus on efficient operations and solid execution across its businesses.
Operational profit increased by 25%, reaching AED59.76 million. This jump highlights the Group’s success in managing costs and making smart investments. Gross profit also climbed by 10%, amounting to AED99.09 million. This was supported by tighter integration across its portfolio and improved cost control.
Chairman Matar Suhail Al Yabhouni Al Dhaheri said the performance reflected the Group’s long-term strategy. “These results show our resilience and our commitment to sustainable value creation. We are staying focused on disciplined growth and a portfolio designed to perform in all market cycles,” he noted.
ESG Reinforces Financial Stability and Shareholder Value
As of March 31, 2025, ESG’s total equity rose to AED2.545 billion, up 2% from the end of 2024. This increase shows the Group’s financial strength and cautious approach to capital management.
CEO Kayed Ali Khorma said the sharp rise in operational profit signalled clear progress. “The 25 percent increase in profit demonstrates the strength of our business model. It points to real momentum and potential for future growth in the region,” he said.
Total assets remained stable at AED3.678 billion. Meanwhile, the book value per share improved to AED10.18. This reflects the Group’s ability to deliver consistent long-term value to its shareholders.
Group Targets Expansion Through Sustainable Innovation
Looking ahead, ESG plans to use its solid financial position to explore new markets and opportunities. The Group aims to drive sustainable growth by investing in innovation and maintaining a balanced, diverse portfolio.
These Q1 2025 results confirm ESG’s position as a forward-looking investment group. With strong fundamentals and a clear strategy, it remains well-positioned for long-term success.

