Latest news with #AlphaDhabiHolding
Trade Arabia
05-05-2025
- Business
- Trade Arabia
Alpha Dhabi Holding reports $4.74bn revenue for Q1
Alpha Dhabi Holding has reported a revenue of AED17.4 billion ($4.74 billion) for the quarter ending March 31, 2025, a 23 percent increase YoY, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of growth. The company's adjusted EBITDA 1 for the period is AED4.4 billion, up 33 percent year-on-year (YoY). Alpha Dhabi's continued momentum in strategy execution across key verticals has been a key driver of the strong performance, said a Wam news agency report. Net profit stood at AED2.1 billion, down from the same period last year, reflecting changes in the fair market value of some of the group's public listed investments. The group's financial position remains strong, with total assets of AED185.2 billion and an equity of AED93.5 billion. Alpha Dhabi is strategically poised to forge further ahead with its growth ambitions, which will include further possibilities for acquisitions and geographical diversification. The increasing diversity and depth of Alpha Dhabi's portfolio have been a significant driver of its revenue growth and contribution to the increase in net profit from operations. The company's portfolios in real estate (AED6.4 billion), industrial (AED6.2 billion), construction (AED2.7 billion), and services and others (AED2.1 billion) contributed significantly to total revenue. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. Our financial performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.' Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said the Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy by focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models. "We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth,' he added.
Al Etihad
05-05-2025
- Business
- Al Etihad
Alpha Dhabi reports Dh17.4 billion revenue in Q1
5 May 2025 12:26 ABU DHABI (WAM) Alpha Dhabi Holding has reported a strong set of financial results for the period ending March 31, 2025, with Adjusted EBITDA 1 climbing to Dh4.4 billion, up 33 percent year-on-year (YoY).Alpha Dhabi's continued momentum in strategy execution across key verticals has been a key driver of the strong performance. Group revenue stood at Dh17.4 billion, a 23% increase YoY, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of profit stood at Dh2.1 billion, down from the same period last year, reflecting changes in the fair market value of some of the group's public listed Group's financial position remains strong, with total assets of Dh185.2 billion and an equity of Dh93.5 billion. Alpha Dhabi is strategically poised to forge further ahead with its growth ambitions, which will include further possibilities for acquisitions and geographical increasing diversity and depth of Alpha Dhabi's portfolio have been a significant driver of its revenue growth and contribution to the increase in net profit from operations. The company's portfolios in real estate (Dh6.4 billion), industrial (Dh6.2 billion), construction (Dh2.7 billion), and services and others (Dh2.1 billion) contributed significantly to total Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said, 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. Our financial performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.'Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding PJSC, said that the Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy by focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models. "We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth,' he added.
Zawya
05-05-2025
- Business
- Zawya
Alpha Dhabi Holding posts $544mln profits in Q1-25
Abu Dhabi – Alpha Dhabi Holding generated AED 2.09 billion in net profit during the first quarter (Q1) of 2025, compared to AED 4.59 billion Basic and diluted earnings per share (EPS) plummeted to AED 0.04 in Q1-25 from AED 0.33 in Q1-24, according to the consolidated financial results. The group posted revenues amounting to AED 17.42 billion as of 31 March 2025, higher by 23% than AED 14.19 billion in the first three months (3M) of 2024. Mohamed Thani Murshed Ghannam Al Rumaith, Chairman of Alpha Dhabi Holding, said: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for delivering future growth.' Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, commented: 'By focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models, we have built a balanced portfolio of exceptional assets.' As of 31 December 2024, the company's net profits after tax increased to AED 13.51 billion from AED 13.28 billion in 2023. Source: Mubasher
Zawya
13-02-2025
- Business
- Zawya
ADX-listed Alpha Dhabi Holding revenue jumped 40% to over $17bln in 2024
Alpha Dhabi Holding, an investment company listed on the Abu Dhabi Securities Exchange, reported a 40% year-on-year (YoY) increase in revenue to 63.4 billion UAE dirhams ($17.3 billion) following strategic acquisition and investments. The revenue was supported by contributions across various business divisions, comprising AED 26.3 billion from industrial, AED 18.1 billion, from real estate, AED 11.8 billion from construction, AED 7.2 billion from services & others. Net profit rose 1.5% to AED 13.5 billion in 2024 from AED 13.3 billion a year ago. However, net earnings from operations surged 82% YoY to hit AED 10 billion. Total assets reached AED 177.5 billion, a 26% increase YoY, while cash balance stood at AED 28.8 billion by the end of December. Alpha Dhabi's board approved its first dividend of AED 2 billion for 2024. (Editing by Seban Scaria
Arabian Business
13-02-2025
- Business
- Arabian Business
Alpha Dhabi FY2024 revenue soars 40% to a record $17.26bn
Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the MENA region, reported the highest full-year revenue in its history. A massive 40 per cent jump from the previous year has catapulted its FY2024 revenue to AED 63.4 billion ($17.26 billion). Alpha Dhabi Holding has significant stakes in various Abu Dhabi companies, including Aldar, Alpha Dhabi Construction Holding, NMDC Group, Enersol, Pure Health, Modon and National Corporation for Tourism and Hotels (NCTH), apart from 250 other companies. Alpha Dhabi's FY24 jump In a filing with Abu Dhabi Securities Exchange (ADX), the company attributed the surge in revenue to strategic value-accretive investments into high-growth sectors. With good performances across all its key verticals, net profit for the full year stood at AED 13.5 billion ($3.68 billion), while net profit from operations reached AED 10 billion ($2.72 billion), up 82 per cent from AED 5.5 billion ($1.5 billion) in FY 2023. The growth experienced across key business sectors is a direct result of strategic acquisitions and investments made by the group. The group's revenue came from key contributions across its various business divisions, with Industrial and Real Estate leading the way with revenues of AED 26.3 billion ($7.16 billion) and AED 18.1 billion ($4.93 billion) respectively. Construction contributed AED 11.8 billion ($3.21 billion) and Services & Others brought in AED 7.2 billion ($1.96 billion). Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, commented: '2024 was a blockbuster year for Alpha Dhabi marked by deep, transformational growth across dynamic industries and markets. Across the year, we demonstrated the power of hard work, careful strategic planning, and decisive action, which have delivered many accomplishments to be proud of. 'We're increasingly confident that our investments in high-growth sectors will bring long-term value for our shareholders, setting the tone for many more successful years to come.' Alpha Dhabi also reinforced its balance sheet with total assets standing at AED 177.5 billion ($48.33 billion), a 26 per cent increase YoY. The company's cash balance at the end of 2024 was AED 28.8 billion ($7.84 billion), while total equity was at AED 92.3 billion ($25.13 billion). Throughout the year, Alpha Dhabi Holding was active through its subsidiaries across priority sectors. In the energy sector, Enersol, its joint venture with ADNOC Drilling, marked four major acquisitions. In the hospitality sector, ADMO Lifestyle Holding and National Corporation for Tourism & Hotels delivered several key developments. The Industrial sector saw growth with NMDC Energy's Initial Public Offering (IPO). The Construction sector also posted significant activity, mainly through Alpha Dhabi Holding successfully completing its divestment of 49 per cent of its subsidiary Alpha Dhabi Construction Holding (ADCH) to ADQ. Hamad Al Ameri, Managing Director and Group Chief Executive Officer of Alpha Dhabi Holding, added: 'Our financial performance across 2024, including our net profit increase and record-breaking revenue growth represents years of preparedness and persistence where we've had the courage to be ambitious and we've been assertive in our actions. 'We view our success this year as another steppingstone that will advance us forward, further and farther than before with a relentless momentum into an exciting new phase of growth, diversification, and expansion.' The company was confident of taking the momentum forward in 2025, and its ADX filing said: 'Paving the way forward, Alpha Dhabi Holding's successful 2024 results have set an important precedent for 2025. The holding company will continue to set its sights on growth, advancing action both horizontally and vertically to sustain the momentum of 2024.'
