Abu Dhabi’s IHC reports Dhs1114 bn revenue in 2025, profit rises 35 per cent
The company attributed the performance to disciplined execution, cost control and portfolio optimisation, supported by margin expansion and investment income
16 February, 2026
TT
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International Holding Company (IHC) reported full-year 2025 revenue of Dhs111.4bn, up 29.1 per cent year-on-year, and profit after tax of Dhs34.7bn, up 35.1 per cent, according to audited results released on Thursday.
Earnings per share rose 38.1 per cent to Dhs9.93, while return on equity improved to 15.2 per cent. Total assets reached Dhs428.6bn at December 31, 2025, up 6.7 per cent from Dhs401.8bn a year earlier.
The company attributed the performance to disciplined execution, cost control and portfolio optimisation, supported by margin expansion and investment income.
Revenue growth was driven by contributions across operating segments. Real Estate and Construction generated Dhs44.2 bn in revenue. Marine and Dredging reported Dhs30.2bn.
Energy contributed Dhs8.3bn, while Hospitality and Leisure recorded Dhs7.6 bn. Food generated Dhs5.6bn. Technology and Financial Services reported Dhs4.2bn and Dhs4bn, respectively. Services and other segments accounted for Dhs8.7bn.
Total equity increased 2.6 per cent to Dhs250.7bn. Cash and bank balances rose 35.6 per cent to Dhs74.9bn. The return on assets stood at 8.4 per cent, and the quick ratio was 2.9 times.
IHC focused on building scalable global platforms
Sheikh Tahnoon bin Zayed Al Nahyan, chairman of IHC, said: “IHC’s performance in 2025 reflects our disciplined approach to building scalable global platforms, recycling capital into high-conviction sectors, and leveraging technology and AI to enhance execution and competitiveness. In an environment shaped by geopolitical shifts, evolving capital markets, and accelerating technological change, our priority remains to allocate capital with precision and build enduring platforms that create long-term value.”
Syed Basar Shueb, CEO of IHC, added: “2025 was a year of execution and delivery across the IHC portfolio. By strengthening operating performance, improving capital efficiency, and accelerating the transformation of our investments into globally competitive businesses, we achieved strong growth across all key metrics. Capital recycling remains central to our approach, enabling us to exit mature positions while concentrating investment behind businesses with strong growth momentum and long-term competitiveness. Our focus remains on scaling ecosystems that generate durable returns while advancing long-term shareholder value.”
Highlights of the year at IHC
During 2025, IHC launched an AI-native reinsurance platform, RIQ, in partnership with BlackRock and Lunate, backed by over $1bn in equity and targeting more than $10 bn in liabilities. The company also announced the merger of 2PointZero, Multiply Group and Ghitha Holding into a combined listed platform valued at around Dhs120bn.
IHC sold its 42.59 per cent stake in Modon Holding to L’imad Holding Company in what it described as the largest transaction in UAE market history. It also acquired a majority stake in Pakistan’s state-owned First Women Bank Limited, invested $1 bn in India’s Sammaan Capital Limited, and bought a 69.33 per cent stake in Reem Finance.
Subsidiaries and portfolio companies expanded across sectors. 2PointZero acquired a 67.91 per cent stake in European fashion retailer Tendam for Dhs2.58bn. Alpha Dhabi Holding increased its stake in NCTH to 73.73 per cent and acquired an additional 24.9 per cent in Em Sherif Holding Ltd, raising its ownership to 60 per cent. IRH acquired 56.22 per cent of Alphamin Resources for Dhs1.35bn. NMDC Group acquired 70 per cent of Emdad. Al Ain Farms acquired Al Jazira Poultry Farm for Dhs255m, following its earlier acquisition of Arabian Farms for Dhs240m. Esyasoft acquired UK-based Good Energy for Dhs453m. RIQ announced 10-year partnerships with IHC and ADNOC, targeting over $1bn in reinsurance premiums. ePointZero and Elsewedy Electric agreed to co-develop up to 300 MW of solar power in Zambia.
After year-end, 2PointZero agreed to acquire a majority stake in Italy-based ISEM Packaging Group. IHC and IFZA announced a global partnership at the World Economic Forum Annual Meeting 2026. IHC also announced collaborations with the US Development Finance Corporation and Global Citizen. IHC, First Abu Dhabi Bank and Sirius launched the UAE dirham-backed stablecoin DDSC following approval by the Central Bank of the UAE.
On sustainability, Aldar issued $790 mn in green sukuks. Emirates Driving Company received an MSCI AAA ESG rating. IHC said it received the “Most Sustainable Projects in the Middle East” award in the Investments and Holding Companies category at the Forbes Middle East Sustainability Leaders Summit 2025.
Looking ahead, IHC said it remains focused on disciplined capital deployment, platform consolidation and global expansion, supported by liquidity and a diversified portfolio.
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