INTERNATIONAL HOLDING COMPANY-

International Holding Company (IHC) saw its net income reach AED 8.7 bn in 3Q 2025, up 53% y-o-y, according to its financials (pdf). The group’s revenue climbed 34.6% y-o-y, reaching AED 29.9 bn. For 9M 2025, net income reached AED 19.5 bn, up 8.3% y-o-y, and revenues rose 23.3% y-o-y to AED 84.6 bn. Growth was driven by strong performances across its portfolio, according to an earnings release (pdf) and a management discussion and analysis report (pdf).

Breaking down the results: Real estate and construction delivered AED 34.1 bn, up 50.4% y-o-y, driven by projects from Modon and Aldar. Marine and dredging generated AED 21.6 bn as sustained offshore activity boosted results by 11.1% y-o-y. Hospitality and leisure saw a 65.4% y-o-y surge to AED 7.3 bn as the UAE’s tourist industry continued to recover, and services and other segments reached 12.5 bn, up 37.9%, supported by healthcare, industrials, mining, logistics, education and other diversified verticals.

DEYAAR-

DFM-listed real estate developer Deyaar’s net income saw a 12.9% y-o-y increase to AED 157.8 mn in 3Q 2025, according to its financials (pdf). Revenues came in at AED 521.5 mn, a 38.6% increase. In 9M 2025, its net income grew 23.7% y-o-y to AED 406.4 mn, while revenues rose 39.1% y-o-y to AED 1.4 bn, underpinned by strong sales across its property development portfolio.

Behind the results: The property development segment contributed the majority of total revenue, generating AED 1.2 bn, up 46.4% y-o-y, according to a separate earnings release (pdf). The company reported a strong balance sheet with total assets reaching AED 7.6 bn during the period, up 12.3% y-o-y, driven by ongoing investments in landbanks and asset quality. Bottom line growth and strong revenue are attributed to its recent developments, including ultra-luxury residential project Downtown Residences, AYA Beachfront Residences, and the final phase of its AED 1.5 bn residential Park Five community in Dubai.

ALPHA DATA-

IT services firm Alpha Data’s net income rose 16% y-o-y to AED 20.8 mn in 3Q 2025, according to its financials (pdf) and a separate management discussion and analysis report (pdf). Revenues increased 14.1% y-o-y to AED 537.9 mn in the quarter.

On a nine-month basis, net income reached AED 97.7 mn, up 12.4% y-o-y. Revenues rose 12.2% y-o-y to AED 1.8 bn. The firm’s three segments all saw robust growth as demand for digital transformation solutions picked up — with revenues from services up 28% y-o-y, talent up 25% y-o-y, and solutions up 10% y-o-y. The firm continued to expand into KSA, where revenues reached AED 48 mn in 9M 2025 — a 220% increase y-o-y.

WAHA CAPITAL-

Waha Capital’s net income fell 3.8% y-o-y to AED 240.1 mn in 3Q 2025, with quarterly total income dipping to AED 373.2 mn, down from AED 422 mn in 3Q 2024, according to its financials (pdf) and management discussion and analysis report (pdf).

For 9M 2025, net income attributable to shareholders increased 21.6% y-o-y to AED 343.1 mn, the firm said in a separate earnings release (pdf). Total income reached AED 1.1 bn, up 4% y-o-y. Recurring fee income, mark-to-market gains, portfolio value realization, and industrial real estate monetization were key growth drivers, underpinned by robust cost management and efficiency.

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