International Holding Company (IHC) Q4 2024 earnings summary

Executive summary

• Achieved solid growth in 2024, driven by acquisitions, strategic investments, restructuring, and diversification.

• Major acquisitions included Two Point Zero Group, ADNEC PJSC, Modon Properties, Sawaeed Holding, Mopani Copper Mines, La Zagaleta, and Marmum Dairy Farm.

• Strategic investments in Grupo Nutresa S.A. and El Sewedy Electric Company.

Financial highlights

• Revenue reached AED 92.66 billion, up from AED 60.09 billion year-over-year.

• Net profit after tax was AED 25.70 billion, down from AED 32.95 billion year-over-year.

• Profit attributable to owners was AED 15.77 billion, compared to AED 27.52 billion last year.

• Total assets increased to AED 401.81 billion from AED 264.27 billion year-over-year.

• Total equity rose to AED 244.39 billion from AED 156.74 billion year-over-year.

• Earnings per share (EPS) was AED 7.19, down from AED 12.55 year-over-year.

Outlook and guidance

• Continued focus on portfolio enhancement through acquisitions and strategic investments.

• Ongoing diversification and restructuring to support long-term growth.