Abu Dhabi:IHC has announced significant financial growth for the first nine months of 2026, reporting a revenue increase of 33.2% to AED100.5 billion from continuing operations. The company's profit after tax surged by 87% to AED32.5 billion compared to the same period in 2025.
According to Emirates News Agency, the company's gross profit rose by 35.4% to AED25.3 billion, and profit before tax increased by 84.2% to AED35.1 billion. Earnings per share also saw a significant rise, increasing by 129.6% to AED9.71, with return on equity reaching 20.8%.
The growth in revenue was supported by multiple sectors, including Energy and Mining, Hospitality and Leisure, Financial Services, Real Estate and Construction, and Food. Notably, seven out of the eight business segments recorded higher revenue. Real Estate and Construction remained the largest contributor to revenue, generating AED33.3 billion, a 12.8% increase. Additionally, Marine and Dredging revenue reached AED22.4 billion, marking a 3.7% increase, while Energy and Mining revenue surged by 295.1% to AED19.3 billion, driven by the expansion of metals and hydrocarbon trading activities.
Hospitality and Leisure revenue increased by 93.7% to AED7.8 billion, Financial Services rose by 53.7% to AED4.4 billion, Food grew by 25.7% to AED5.1 billion, and Technology increased by 20.5% to AED2.9 billion. The profit after tax was bolstered by investment income from the Financial Services segment, with the remaining seven segments outside Financial Services collectively increasing profit by 37.5% to AED12.6 billion.
Syed Basar Shueb, CEO of IHC, stated that surpassing AED100 billion in revenue was a significant milestone, reflecting growth across the Group's operating businesses and the continuous expansion of its international investment platform. He highlighted that the revenue growth across seven of the eight business segments and the more than doubling of international revenue underscored the resilience and breadth of the Group's businesses.
Total assets of the company increased by 13.4% to AED485.9 billion, while total equity rose by 9.9% to AED275.4 billion. Owners' equity saw an increase of 11.5% to AED170.5 billion. At the end of September, cash and bank balances stood at AED76.6 billion, although net debt increased to AED30.4 billion, reflecting the financing raised to support the Group's investment programme.
IHC mentioned that it enters the final quarter of 2026 with a diversified portfolio, substantial liquidity, and an expanding international investment platform. The company reaffirmed its disciplined approach to capital allocation, focusing on sectors with strong potential and clear pathways to sustainable value creation. It plans to continue enhancing portfolio-company performance, improving capital efficiency, and developing Dynamic Value Networks that connect its capital, capabilities, and operating expertise.