Abu Dhabi's IHC posts more than 200% jump in second quarter profit to $3.5bn

Abu Dhabi’s International Holding Company (IHC) reported a staggering 220% jump in its second-quarter profit, reaching Dh3.5 billion ($3.5 billion). This surge in earnings can be attributed to a significant increase in energy and mining revenue, as well as the company's expansion of its global investment footprint. The overall revenue for the quarter rose by over a third year-on-year to Dh33.4 billion, while earnings per share more than tripled to Dh5.89.

IHC's first-half 2026 results showed a 225% annual increase in net profit attributable to shareholders, reaching Dh17.9 billion, and revenue increased nearly 35% to Dh64.9 billion. The growth was primarily driven by IHC's energy and mining businesses, which saw a 355% year-on-year surge in revenue to Dh12.3 billion. The company's chief executive, Syed Basar Shueb, attributed the profit increase to a combination of operating performance, disciplined capital allocation, and active portfolio management.

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