IHC Reports $8.55bn Q1 Revenue as Profit Surges to $2.23bn

ABU DHABI, UAE – International Holding Company (IHC) reported strong first-quarter 2026 results, with revenue rising to AED31.4 billion ($8.55 billion) and net profit nearly doubling year-on-year to AED8.2 billion ($2.23 billion), supported by investment income, portfolio optimisation and broad-based growth across its diversified businesses.

According to WAM, the Abu Dhabi-based global investment company recorded a 33.2 percent year-on-year increase in revenue, while Profit After Tax rose 98.5 percent, reflecting continued momentum across its investment platforms and operating subsidiaries.

The Group said performance during the quarter was driven by strong operating execution, margin expansion and continued capital allocation into high-growth sectors and strategic international opportunities.

Strong balance sheet and liquidity position

As of 31 March 2026, IHC’s total assets stood at approximately AED445.3 billion ($121.2 billion), compared to AED428.6 billion ($116.7 billion) at the end of 2025.

Total equity reached AED249.1 billion ($67.8 billion), while cash and bank balances remained strong at AED74.7 billion ($20.3 billion), supporting the Group’s continued investment capacity and expansion plans.

The Group also maintained a quick ratio of 2.7x, underscoring what the company described as strong balance sheet resilience and financial flexibility amid evolving global market conditions.

Strategic investments and global expansion

During the first quarter, IHC continued to expand its global footprint through a series of strategic transactions, investments and partnerships spanning financial services, infrastructure, energy, technology and consumer sectors.

Among the quarter’s key developments was a strategic collaboration with the U.S. International Development Finance Corporation (DFC) aimed at mobilising capital and supporting investment activity across emerging markets.

The Group also strengthened its presence in India through the acquisition of a 26.7 percent stake in Sammaan Capital valued at $600 million.

In the energy sector, ePointZero signed an agreement to acquire 100 percent of Traverse Midstream Partners for approximately $2.25 billion, expanding its exposure to global gas infrastructure assets.

Meanwhile, IRH Global Trading entered into a long-term LNG Sale and Purchase Agreement securing 1 million tonnes per annum (MTPA) of supply over a 20-year period.

Continued growth across multiple sectors

IHC also expanded its exposure to international packaging, wellness, financial services and defence sectors through a range of portfolio investments.

During the quarter:

• 2PointZero Group invested in WHOOP’s Series G financing round
• 2PointZero acquired a 60.8 percent stake in ISEM Packaging Group
• Beltone Capital acquired a 100 percent stake in Baobab Bank
• Al Seer Marine expanded its strategic partnership with L3Harris Technologies

The company said the continued diversification of its portfolio remains central to its long-term strategy of building integrated value networks across global markets.

Syed Basar Shueb, CEO of IHC, said: “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.”

Sustainability and global recognition

IHC also continued strengthening its international profile and sustainability initiatives during the quarter.

The Group ranked second in Forbes Middle East’s 100 Most Valuable Companies 2026 and secured the top position on TIME Magazine’s Arabia’s Growth Leaders 2026 list.

The company also participated in the World Economic Forum Annual Meeting 2026 in Davos through IHC House, hosting programmes and strategic engagement sessions alongside its portfolio companies.

Several subsidiaries also recorded sustainability and innovation milestones during the quarter, including:

• Aldar becoming Exclusive Real Estate Partner for Abu Dhabi Sustainability Week 2026
• Emirates Driving Company receiving Diamond-tier classification at ADSW 2026
• NMDC Group and NMDC Energy receiving Gold-tier sustainability recognition
• Burjeel Holdings launching the UAE’s first Adult Critical Care Nursing Residency Programme
• Esyasoft being recognised by the World Economic Forum as the UAE’s third unicorn
• Focus on long-term growth

IHC said it remains focused on sustaining growth through disciplined capital deployment, continued portfolio optimisation and targeted international expansion.

The Group stated that it will continue prioritising high-performing platforms, operational integration and long-term value creation across strategic sectors including infrastructure, technology, financial services and consumer markets.

With strong liquidity, expanding investment activity and diversified earnings streams, IHC said it remains well-positioned to navigate changing global conditions while pursuing future growth opportunities across international markets.