International Holding Company (IHC) reported revenue of Dh27.2 billion for the first quarter of 2025, a 41.1% increase from Dh19.3 billion in Q1 2024. Profit after tax stood at Dh4.1 billion, reflecting a net profit margin of 15.2%, according to a company disclosure.
The real estate segment accounted for 42.5% of total revenue, with revenue surging 53.3% year-on-year due to higher demand for existing inventory and the launch of new projects. Revenue from the marine and dredging segment rose 18.0%, supported by increased project activity and geographic expansion. Hospitality and leisure posted a 96.6% increase in revenue, attributed to improved occupancy rates across core properties.
Total assets rose to Dh416.6 billion as of 31 March 2025, compared to Dh401.8 billion at the end of December 2024. Assets under real estate and construction grew 4.9% year-on-year to Dh170.7 billion.
The group continues to pursue a multi-sector investment strategy, with results driven by performance across diversified verticals. IHC has invested in real estate, infrastructure, marine services, leisure, agriculture, and listed equities.
The company did not disclose a breakdown of net profit by segment or geographic contribution. However, IHC said its strategy is focused on expanding recurring revenue streams and increasing international exposure through acquisitions and partnerships.
CEO Syed Basar Shueb said the group remains focused on operational performance and long-term portfolio growth. He added that IHC’s diversified structure enables it to scale efficiently while maintaining exposure to global investment opportunities.
By market capitalisation, IHC is one of the largest listed companies on the Abu Dhabi Securities Exchange (ADX). The company has pursued several cross-border investments over the past 24 months, including strategic holdings in South Asia, Latin America, and Europe.
The company did not guide full-year 2025 earnings. It also did not comment on any upcoming IPOs or divestments within its portfolio.
