Abu Dhabi — Abu Dhabi-based International Holding Company (IHC) reported a net profit of Dhs19.5 billion for the first nine months of 2025, up 8.3 per cent year-on-year, supported by higher revenue, operational efficiency, and a diversified investment portfolio.
Revenue for the period rose 32.3 per cent to Dhs84.6 billion, while profit before tax increased 15.7 per cent to Dhs21.7 billion, the conglomerate said in a filing on Wednesday. Total assets climbed 15 per cent year-to-date to Dhs462.1 billion, backed by organic growth and strategic acquisitions.
In the third quarter, IHC recorded revenue of Dhs29.9 billion, a 34.6 per cent increase, and net profit of Dhs8.7 billion, up 53 per cent year-on-year. Gross profit rose 46.7 per cent to Dhs7.5 billion, with the gross margin improving to 26.6 per cent.
Growth was driven by the real estate and construction segment, which generated Dhs34.1 billion in revenue, up 50.4 per cent, supported by Modon and Aldar’s strong project pipeline. The marine and dredging division posted Dhs21.6 billion, up 11.1 per cent, while hospitality and leisure surged 65.4 per cent to Dhs7.3 billion. The services and other segments contributed Dhs12.5 billion, up 37.9 per cent.
“IHC’s nine-month performance reflects the enduring strength of our diversified model and disciplined focus on value creation,” said CEO Syed Basar Shueb, citing “strategic portfolio management and efficient execution” as key factors.
Major Deals and Expansion
During the period, IHC acquired a 56.23 per cent stake in Alphamin Resources for Dhs1.35 billion, a controlling stake in NCTH via Alpha Dhabi Holding, and a 69.33 per cent stake in Reem Finance.
The company also launched RIQ, an AI-native reinsurance platform developed with BlackRock and Lunate, backed by more than $1 billion in equity.
After the reporting period, IHC announced plans to merge 2PointZero, Multiply Group, and Ghitha Holding into a single entity valued at about Dhs120 billion, and sold its 42.54 per cent stake in Modon Holding to L’imad Holding in what it described as the UAE’s largest-ever market transaction.
Internationally, IHC invested $1 billion in India’s Sammaan Capital, acquired Pakistan’s First Women Bank Limited under a government-to-government framework, and initiated renewable energy projects across Africa.
Sustainability and Financial Position
Subsidiaries continued to advance sustainability efforts, including Aldar’s $290 million green sukuk issuance and Emirates Driving Company’s AAA ESG rating from MSCI.
IHC’s total equity reached Dhs267.8 billion, with cash and bank balances of Dhs56.9 billion. Return on equity stood at 11 per cent, while return on assets reached 6.4 per cent.
IHC Denies Aldar Stake Sale
Separately, IHC dismissed reports suggesting a possible sale of its stake in Aldar Properties, reaffirming confidence in Abu Dhabi’s property market.
“The company, through its entities, holds a majority stake in Aldar, which remains a strategic, long-term investment,” said Shueb. “We remain committed to supporting Aldar as it continues to shape Abu Dhabi’s real estate landscape and drive sustainable development.”
The company said it remains focused on disciplined capital deployment and continued expansion, supported by strong liquidity and total assets exceeding Dhs460 billion.
