The International Holding Company (IHC) revealed its financial results for the first half of 2025 yesterday, reporting revenues of 54.7 billion dirhams. This marks a significant increase of 31.1% compared to the 41.7 billion dirhams generated in the first half of 2024. Additionally, the company recorded a post-tax profit of 10.8 billion dirhams.
The second quarter of 2025 showcased one of the strongest performances in IHC’s history, with a revenue growth of 22.5%, bringing the total for the quarter to 27.5 billion dirhams. Net profit surged by 55.3%, reaching 6.7 billion dirhams, highlighting the continuous momentum and effective implementation of the group’s strategy.
Key Sectors
The growth in revenues was significantly driven by key sectors. The real estate and construction sector saw an impressive year-on-year increase of 47.8%, achieving revenues of 22.6 billion dirhams, fueled by sustained demand for current unit inventory and the launch of new projects. This sector contributed 41.4% to the total revenue of the group. The marine construction and dredging sector experienced a revenue boost of 10.8% compared to the first half of 2024, generating 14.1 billion dirhams, reflecting an uptick in project activity and ongoing international expansion. The hospitality and entertainment sector reported revenues of 4.9 billion dirhams, marking a remarkable 72% increase, driven by robust demand across main assets and recent global investment and acquisition activities. Meanwhile, the financial services sector emerged as a rapidly growing contributor with revenues of 1.8 billion dirhams, a 21.4% annual increase, and the energy sector recorded 0.4 billion dirhams in revenues, reflecting a substantial 161.3% growth, thereby enhancing the group’s revenue diversification.
Earnings Per Share
Earnings per share increased to 2.49 dirhams, reflecting IHC’s ongoing focus on operational efficiency and disciplined capital allocation. The return on equity reached 10.8%, confirming the group’s ability to derive value from its capital base. Total assets stood at 436.9 billion dirhams as of June 30, 2025, representing an 8.7% increase from 401.8 billion dirhams on December 31, 2024.
Said Al Shuaibi, CEO of the International Holding Company, stated, “Our results for the first half of 2025 reflect the sustained momentum of our diversified business model and a disciplined approach in executing our investment strategy. This strong portfolio performance, combined with our continued focus on enhancing operational efficiency, has generated strategic value across various sectors while expanding our regional and international presence. As we continue to contribute to shaping vital future industries, we aim to connect innovative companies with long-term capital, expertise, and operational excellence, ensuring the strengthening of our business ecosystem and enhancing its capacity for sustainable global impact. IHC remains committed to playing a pivotal role in supporting economic transformation and delivering long-term value for our shareholders and diverse stakeholders.”