International Holding Company (IHC) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached AED 27.2 billion, up 41% year-over-year, with broad-based growth across segments.

• Net profit attributable to owners was AED 1.47 billion, down from AED 4.76 billion in Q1 2024, reflecting lower investment gains and higher tax expense.

• The group completed several acquisitions, including Arabian Farms, Maestra Services, and National Corporation for Tourism and Hotels PJSC, expanding its portfolio.

Financial highlights

• Gross profit increased to AED 7.56 billion from AED 4.91 billion year-over-year.

• Basic earnings per share were AED 0.67, compared to AED 2.17 in Q1 2024.

• Total assets rose to AED 416.6 billion as of 31 March 2025, up from AED 401.8 billion at year-end 2024.

• Cash and cash equivalents stood at AED 36.3 billion at quarter-end.

• Investment and other income included a net fair value loss of AED 1.15 billion on financial assets.

Outlook and guidance

• Management notes that Q1 results are not necessarily indicative of full-year performance.

• The group continues to pursue strategic acquisitions and asset growth across diversified sectors.