08/05/2026 02:35 AST
IHC, an Abu Dhabi-headquartered global investment company focused on building dynamic value networks, reported a revenue of AED31.4 billion ($8.55 billion) for the first quarter of 2026, up 33.2% year-on-year, and profit after tax of AED8.2 billion ($2.23 billion), an increase of 98.5%.
The results were driven by strong operating performance, investment income, and disciplined execution across the portfolio, the company said.
In Q1 2026, IHC maintained strong momentum across its diversified portfolio, translating growth into enhanced profitability and reinforcing its position as an active investor-operator. Performance was supported by broad-based contributions across core segments, margin expansion, continued portfolio optimisation, a resilient balance sheet and a strong liquidity position.
Highlights
Revenue reached AED31.4 billion in Q1 2026, representing a 33.2% year-on-year increase.
Profit after tax surged 98.5% to AED8.2 billion, driven by higher investment income and fair value gains.
Earnings per share rose to AED2.32, up 246.3% year-on-year.
Total assets reached AED445.3 billion, up 3.9% compared to year-end 2025.
Return on equity improved to 17.8%, highlighting enhanced capital efficiency.
Syed Basar Shueb, CEO of IHC, commented: "Q1 2026 marks a strong start to the year, reflecting the continued execution of our strategy to scale high-performing platforms and optimise capital allocation across the portfolio. Our performance demonstrates the strength of our diversified model, with broad-based growth, margin expansion, and a significant uplift in profitability.
" We continue to recycle capital into high-conviction opportunities, expand our global footprint, and accelerate the transformation of our platforms into globally competitive businesses. With a disciplined approach and strong liquidity, we are well-positioned to sustain momentum and deliver long-term shareholder value."
Segment performance
Revenue growth in Q1 2026 was driven by strong contributions across all major operating segments:
Real Estate & Construction generated AED10.8 billion in revenue, supported by continued development activity and project execution.
Marine & Dredging delivered AED6.9 billion revenue, reflecting sustained project momentum across core and international markets.
Energy & Mining contributed AED5.4 billion in revenue, driven by expansion across mining and energy activities.
Hospitality & Leisure recorded AED2.7 billion in revenue, supported by strong operational performance and increased activity across assets.
Services and other segments generated AED1.7 billion in revenue, reflecting diversified contributions across the group's platforms.
Food contributed AED1.6 billion in revenue, supported by integrated operations across agriculture and food production.
Financial Services generated AED1.3 billion in revenue, reflecting continued expansion across financial platforms.
Technology contributed AED1 billion in revenue, supported by growth across digital and technology-driven businesses.
Overall performance reflects sustained top-line growth, improved margins, and strong earnings momentum across IHC's diversified portfolio.
Financial position
As of 31 March 2026, IHC's total assets stood at AED445.3 billion, compared to AED428.6 billion at the end of 2025. Total Equity stood at AED249.1 billion, while Cash and Bank Balances remained strong at AED74.7 billion, supporting the group's ongoing investment capacity.
Total debt increased to AED94.8 billion, reflecting funding to support growth initiatives, while the group maintained a Quick Ratio of 2.7x, underscoring balance sheet resilience and financial flexibility.
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