International Holding Company (IHC), a global investment group building dynamic value networks across industries, has reported a net profit of AED 19.5 billion for the first nine months of 2025, representing an 8.3% year-over-year increase.
The company’s revenue rose 32.3% to AED 84.6 billion, compared to AED 64 billion in the same period last year, reflecting continued momentum across its diversified portfolio and strong operating leverage.
Strong Q3 Performance
The third quarter of 2025 marked one of IHC’s strongest to date, delivering AED 29.9 billion in revenue, an increase of 34.6% year-on-year, and AED 8.7 billion in profit after tax, up 53.0%. Gross profit for the quarter climbed 46.7% to AED 7.5 billion, underscoring sustained margin expansion and operational efficiency.
IHC’s gross profit margin expanded to 26.6%, compared to 23.9% in the same period of 2024. Total assets rose 15% year-to-date to AED 462.1 billion, supported by organic growth and targeted investments.
Key Revenue Drivers
Revenue growth was broad-based across all operating segments:
- Real Estate & Construction: AED 34.1 billion, up 50.4%, led by Modon and Aldar’s robust project pipeline.
- Marine & Dredging: AED 21.6 billion, up 11.1%, driven by NMDC Group’s expanding international footprint.
- Hospitality & Leisure: AED 7.3 billion, up 65.4%, reflecting global portfolio expansion and strong market demand.
- Services & Other Segments: AED 12.5 billion, up 37.9%, supported by diversification into healthcare, mining, logistics, and industrials.
CEO: “Focus on Value Creation and Resilience”
Syed Basar Shueb, CEO of IHC, said:
“Our nine-month performance reflects the enduring strength of IHC’s diversified model and our disciplined focus on value creation. Through strategic portfolio management and efficient execution, we continue to deliver sustainable growth, operational resilience, and long-term shareholder value.”
He added that IHC remains focused on building dynamic value networks that connect innovation with long-term capital, reinforcing its position among the region’s most active deal-makers.
Strategic Highlights
IHC’s growth this year was strengthened by a series of high-profile acquisitions and partnerships across energy, finance, reinsurance, and renewables:
- AI-Native Reinsurance Platform RIQ: Launched in partnership with BlackRock and Lunate, targeting over USD 10 billion in liabilities.
- Multiply Group’s Entry into European Retail: Acquired 67.91% of Tendam for AED 2.58 billion, marking expansion into the European fashion sector.
- Alpha Dhabi in Luxury Hospitality: Increased stake in NCTH to 73.73%, consolidating premium hotel assets.
- Strategic Metals Investment: Acquired 56.23% of Alphamin Resources for AED 1.35 billion, enhancing exposure to high-grade tin production.
- Oilfield Services Expansion: NMDC Group acquired 70% of Emdad, adding AED 600 million in recurring annual revenue.
- Financial Services Growth: Acquired 69.33% of Reem Finance, deepening IHC’s financial footprint in the UAE.
- Food Security Investment: Al Ain Farms acquired Al Jazira Poultry for AED 255 million, following its earlier AED 240 million purchase of Arabian Farms.
- Renewables and EV Technology: Esyasoft acquired Good Energy (UK) for AED 453 million, expanding into renewable energy and e-mobility.
- Alpha Dhabi Expands in F&B: Increased stake in Em Sherif Holding Ltd to 60% for AED 476 million, reinforcing its premium restaurant portfolio.
Outlook
IHC’s 2025 trajectory demonstrates the strength of its diversified global investment strategy and its ability to balance organic growth with strategic acquisitions. With sustained performance across key verticals, the Group continues to position itself as a leading global player in energy, real estate, technology, and finance.
