Abu Dhabi's IHC posts more than 200 percent jump in second-quarter profit to $3.5 billion

Abu Dhabi's International Holding Company (IHC) reported in a filing to the Abu Dhabi Securities Exchange on Wednesday, August 5, 2026 (14 Mordad 1405), that its second-quarter 2026 net profit surged 220 percent to Dh12.8 billion ($3.5 billion). Revenue for the quarter rose by more than a third year on year to Dh33.4 billion, and earnings per share more than tripled to Dh5.89. For the first half of 2026, net profit attributable to shareholders climbed 225 percent to Dh17.9 billion, while revenue increased nearly 35 percent to Dh64.9 billion. Growth was led by the energy and mining businesses, where revenue surged 355 percent year on year to Dh12.3 billion, while hospitality and leisure revenue rose 127.7 percent to Dh5.2 billion. IHC chief executive Syed Basar Shueb described the results as reflecting "a combination of operating performance, disciplined capital allocation and active portfolio management." The company, whose board is led by Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi, began the first Dh1.8 billion tranche of its second Dh5 billion share-buyback programme in June.