Abu Dhabi – Mubasher: The net profits of International Holding Company (IHC) dropped to AED 4.12 billion in the first quarter (Q1) of 2025 from AED 8.01 billion in Q1-24.
On the other hand, the revenues hiked by 41.10% year-on-year (YoY) to AED 27.21 billion in Q1-25 from AED 19.28 billion, according to the financial results.
Basic and diluted earnings per share (EPS) fell to 0.67 as of 31 March 2025 from AED 2.17 in the year-ago period.
Total assets amounted to AED 416.59 billion in Q1-25, reflecting portfolio expansion and strategic investments.
Syed Basar Shueb, CEO of IHC, commented: "Our Q1-25 performance reinforces the strength of IHC’s diversified model and the growing impact of our strategic investments across global markets.”
“As we expanded our portfolio, we continued to drive improved operational performance and enhance recurring revenue streams, ensuring resilience and stability across our business segments. Beyond delivering strong financial results, we are shaping the industries of tomorrow through dynamic value networks,” he added.
In the 12-month period that ended on 31 December 2024, IHC posted YoY higher net profits after tax at AED 25.46 billion.
