Abu Dhabi:Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), announced a significant 36 percent year-on-year rise in net profit, reaching AED255 million for the nine months ending September 30, 2026. The growth reflects the company's strong financial performance during this period.
According to Emirates News Agency, ESG's revenue surged by 23 percent to AED1.3 billion, driven by progress in ongoing development projects and increased activity within its diversified business verticals. The company's operational profit before tax saw a 39 percent rise to AED291.3 million, while gross profit increased by 20 percent to AED429.1 million.
The Group also bolstered its financial standing, with total assets growing by 13 percent to AED4.9 billion and total equity rising by 13 percent to AED3.3 billion compared to December 2025. These results highlight the resilience of ESG's diversified business model and its potential for creating long-term value.
Chairman of ESG, Matar Suhail Al Yabhouni Al Dhaheri, emphasized the importance of leveraging the Group's established capabilities and expanding across different sectors. He stated that ESG aims to continue its growth from a strong foundation, ensuring that each business contributes to the Group's development.
CEO Kayed Ali Khorma highlighted the contribution of diversified operations to ESG's revenue and the progress in development projects enhancing the asset base. He noted the Group's commitment to maintaining project delivery momentum and improving business management.
In the third quarter, ESG launched Phase 2 of Radisson Residences and awarded the main works contract for the Seamont project, positively impacting revenue and asset expansion. The Group's operations across manpower, accommodation solutions, retail, and manufacturing also saw increased activity.
As ESG moves into the final quarter of 2026, it remains focused on sustaining operational momentum, advancing key projects, and executing its priorities to support sustainable long-term growth and shareholder value.