IHC Reports 34. 5% Revenue Growth to AED64. 9 Billion in H1 2026 as Net Profit Surges - Business Today Middle East
International Holding Company (IHC)has announced its financial results for the six months ended30 June 2026, reporting strong growth in revenue and profitability, driven by robust performance across its. . .
International Holding Company (IHC)has announced its financial results for the six months ended30 June 2026, reporting strong growth in revenue and profitability, driven by robust performance across its diversified portfolio and investment activities. The group recordedrevenue of AED64. 9 billion, representing a34. 5% year-on-year increase, whileprofit after tax surged to AED26. 2 billion, compared withAED8. 9 billionin the corresponding period of 2025. Gross profitrose41%toAED16. 8 billion, andearnings per shareincreased toAED8. 21. According to the company, the results reflect continued momentum across several operating sectors, supported by active portfolio management and the contribution of its investment platform. Financial HighlightsRevenueincreased34. 5%toAED64. 9 billion. Gross profitrose41%toAED16. 8 billion. Profit before taxclimbed180. 2%toAED28 billion. Profit after taxincreased195. 6%toAED26. 2 billion. Earnings per sharereachedAED8. 21. Return on equityimproved to22. 4%. Total assetsgrew toAED469. 7 billion. Total equityincreased toAED268. 3 billion. Cash and bank balancesremained strong atAED72. 9 billion. Business Segment PerformanceRevenue growth was supported by strong contributions across IHC’s diversified businesses. Real Estate and Constructionremained the group’s largest revenue contributor, generatingAED20. 9 billion, up10. 4%, driven by ongoing development activity and new project launches. Marine and DredgingrecordedAED14. 7 billionin revenue, reflecting4. 5% growthas projects continued across regional and international markets. Energy and MininggeneratedAED12. 3 billion, supported by the expansion of minerals, metals, hydrocarbons, and crude oil trading activities. Hospitality and Leisuremore than doubled its revenue toAED5. 2 billion, whileFinancial Servicesrevenue rose62. 8%toAED3 billion. Meanwhile,Foodrevenue increased26. 9%toAED3. 4 billion, andTechnologyrevenue climbed35. 2%toAED1. 9 billion. The company’s profit after tax also benefited from investment income generated through its Financial Services segment, reflecting IHC’s investment holding model, which focuses on identifying opportunities, actively managing investments, and executing strategic initiatives throughout the investment cycle. Strong Balance SheetIHC continued to maintain a solid financial position during the first half of the year. Total assetsincreased9. 6%toAED469. 7 billion, whiletotal equityrose7%toAED268. 3 billion. Owner’s equityalso grew8. 6%toAED165. 9 billion. The company ended June withAED72. 9 billionin cash and bank balances. Total debtincreased toAED99. 8 billion, reflecting financing secured to support the group’s investment programme, including twoUSD1 billion hybrid note issuances. During the period, IHC invested approximatelyAED14 billioninto associates, joint ventures, financial assets, and real estate properties. Despite higher investment activity, the company maintained aquick ratio of 2. 7xand adebt-to-equity ratio of 0. 4x, providing strong liquidity and financial flexibility to support existing operations while pursuing new investment opportunities. Commenting on the results,Syed Basar Shueb, CEO of IHC, said the first-half performance reflects the long-term efforts of the group’s teams and portfolio companies, as well as investment decisions made over several years. He added that growth across multiple operating sectors and the continued expansion of IHC’s international investment platform demonstrate the strength of the company’s investment holding model, which combines operational performance, disciplined capital allocation, and active portfolio management.