IHC Sustains Growth Momentum in Q1 2026 with AED 31.4 Billion Revenue and Net Profit Nearly Doubling to AED 8.2 Billion | premargin
IHC Sustains Growth Momentum in Q1 2026 with AED 31.4 Billion Revenue and Net Profit Nearly Doubling to AED 8.2 Billion
·ADX·General Disclosure | Announcements·May 6, 2026·View on exchange
AI Summary
IHC reported Q1 2026 revenue of AED 31.4 billion, a 33.2% year-on-year increase, while profit after tax nearly doubled to AED 8.2 billion, up 98.5% from the previous year.
Earnings per share (EPS) surged 246.3% year-on-year to AED 2.32, driven by strong operating performance, higher investment income, and significant fair value gains across the portfolio.
Revenue growth was led by the Real Estate & Construction segment (AED 10.8 billion), Marine & Dredging (AED 6.9 billion), and Energy & Mining (AED 5.4 billion).
Key strategic developments included the USD 2.25 billion agreement to acquire Traverse Midstream Partners in the U.S. and a USD 600 million investment for a 26.7% stake in India’s Sammaan Capital.