IHC hits Dh10.8 billion in H1 profit as revenue spikes 31.1%

Strong Q2, core sector gains, strategic deals lift IHC’s H1 2025 revenue to Dh54.7 billion

Last updated: August 04, 2025 | 21:32

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IHC has been making sizable commitments into sustainability focussed entities.

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Dubai: International Holding Company (IHC) saw serious gains in the first half of 2025, reporting Dh54.7 billion in revenue, up 31.1% year-on-year, and a net profit of Dh10.8 billion, buoyed by a robust second quarter and gains across its diversified portfolio.

Q2 2025 proved to be one of IHC’s strongest quarters yet, with revenue rising 22.5% YoY to Dh27.5 billion and net profit jumping 55.3% to Dh6.7 billion, reflecting enhanced operating leverage and a disciplined investment strategy.

“This performance underscores the continued strength of our diversified model and the strategic execution that enables us to unlock value across key sectors,” said Syed Basar Shueb, CEO of IHC. “We are building scalable value while deepening our impact across regional and global markets.”

Also Read: UAE healthcare giant PureHealth in profit gains - new specialty clinics help

Core sectors lead the way

IHC’s top-line growth was driven by several high-performing verticals:

Real Estate & Construction brought in Dh22.6 billion, up 47.8% YoY, contributing 41.4% of total revenue.
Marine & Dredging grew 10.8% YoY to Dh14.1 billion, aided by international expansion.
Hospitality & Leisure revenue jumped 72% to Dh4.9 billion on strong asset demand and recent acquisitions.
Financial Services and Energy also posted growth of 21.4% and 161.3% respectively.

IHC’s EPS rose to Dh2.49, while ROE stood at 10.8%. Total assets increased to Dh436.9 billion, up 8.7% from the end of 2024.

Strategic moves in H1 2025

The first half of the year was marked by several high-impact strategic moves:

RIQ: A global AI-native reinsurance platform launched with BlackRock and Lunate, backed by over $1 billion in equity.
Gridora: A UAE-focused infrastructure platform created in partnership with ADQ and Modon.
Stablecoin Launch: A UAE dirham-backed stablecoin project with FAB and ADQ to advance digital payment innovation.
Multiply Group expanded into European fashion with a 67.9% stake in Tendam.
Reem Finance stake: IHC acquired 69.3% of the company to expand its local financial services footprint.
Zelo (formerly eFunder): Acquired and rebranded to address the USD 250B SME financing gap in the UAE.
PureHealth expanded into Europe, acquiring 60% of Greece’s largest healthcare group in a $2.3 billion deal.

Outlook

IHC says it remains well-positioned for continued expansion, focusing on long-term partnerships, sector innovation, and global scalability.

Its presence at Davos 2025 and recent activity across AI, infrastructure, and healthcare signal an intent to remain a central player in shaping both local and international economic ecosystems.

“From energy and healthcare to financial innovation and infrastructure, we are building platforms that deliver both economic impact and sustainable growth,” Shueb said.

Justin VargheseYour Money Editor

Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence. Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.