logo
#

Latest news with #Dh54.7

IHC reports Dh54.7 billion revenue and Dh10.8 billion profit in H1 2025
IHC reports Dh54.7 billion revenue and Dh10.8 billion profit in H1 2025

Al Etihad

time6 days ago

  • Business
  • Al Etihad

IHC reports Dh54.7 billion revenue and Dh10.8 billion profit in H1 2025

4 Aug 2025 20:39 ABU DHABI (ALETIHAD)International Holding Company (IHC) has reported robust financial results for the first half of 2025, posting revenue of Dh54.7 billion, up 31.1% year-on-year, and a net profit of Dh10.8 billion, reflecting its accelerating growth across core second quarter proved to be one of the strongest in IHC's history, with revenue surging 22.5% year-on-year to Dh27.5 billion and net profit increasing by 55.3% to Dh6.7 billion, driven by strategic execution and operational business segments underpinned the topline growth, with the Real Estate & Construction vertical alone contributing Dh22.6 billion in revenue—up 47.8% and accounting for 41.4% of the total. Marine & Dredging reported Dh14.1 billion, Hospitality & Leisure rose 72% to Dh4.9 billion, and Financial Services and Energy grew by 21.4% and 161.3%, per share climbed to Dh2.49, and return on equity stood at 10.8%, underscoring operational efficiency and capital discipline. As of June 30, 2025, total assets rose to Dh436.9 billion, up from Dh401.8 billion at the end of 2024.'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda,' said Syed Basar Shueb, CEO of IHC. 'By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets. As we shape the industries of tomorrow, we continue to connect innovative businesses with long-term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders.'Among notable initiatives in H1 2025, IHC launched RIQ, an AI-native global reinsurance platform in partnership with BlackRock and Lunate; Gridora, an infrastructure joint venture with ADQ and Modon; and a UAE Dirham-backed stablecoin project in collaboration with ADQ and First Abu Dhabi Bank. It also led a high-level delegation to the World Economic Forum in portfolio moves included Multiply Group's acquisition of a controlling stake in Spain-based fashion retailer Tendam, a 69.33% stake in Reem Finance, and PureHealth's Dh8.4 billion acquisition of a majority stake in Greece's Hellenic Healthcare Group. Other investments spanned logistics, oilfield services, renewable energy, and SME financing. IHC, now valued at Dh881.6 billion in market capitalisation, continues to position itself as a global investment powerhouse with an expanding portfolio of over 1,300 subsidiaries across sectors such as asset management, real estate, healthcare, IT, and financial services.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store