Emirates Stallions Group (ESG), a leading UAE-based diversified conglomerate and subsidiary of IHC, today reported an 8% year-on-year increase in revenue to AED766.69 million ($208.77 million) for the six months ended June 30, 2026, while net profit rose 44% to AED166.30 million.
Operational profit before tax increased 47% to AED193.48 million, reflecting continued operational efficiencies, disciplined execution and the strength of ESG’s diversified business portfolio, the company said.
Gross profit increased 19% year-on-year to AED263.64 million, while total assets grew 11% to AED4.8 billion and total equity increased 10% to AED3.2 billion, reinforcing ESG's robust financial position and continued focus on creating long-term shareholder value.
The first-half performance was driven by continued operational improvements, effective capital allocation and resilient contributions from ESG's diversified portfolio, particularly across its Development and Human Resources businesses. ESG’s ongoing portfolio optimisation initiatives further strengthened overall profitability while maintaining a disciplined approach to growth and investment.
Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, said: "Our performance demonstrates the strength of ESG's diversified portfolio and the value of building businesses with long-term fundamentals. As we continue to invest across our priority sectors, we remain focused on expanding our asset base, maintaining financial discipline and creating lasting value for our shareholders. The opportunities we continue to identify across our diversified businesses provide a strong foundation for long-term growth."
Kayed Ali Khorma, CEO of ESG, added: "The first half benefited from disciplined execution, improved efficiencies and prudent capital management across our businesses. Our Development and Human Resources verticals delivered particularly strong contributions during the period, while our streamlined portfolio further strengthened profitability. We remain focused on executing our strategic growth initiatives, enhancing operational efficiency across our businesses and investing in opportunities that support sustainable profitable growth.”
During the period, ESG continued to execute its strategic growth initiatives across its diversified portfolio. A key milestone was the launch of Rotana Residences on Al Reem Island, with an estimated gross development value of approximately AED1 billion. The project reflects growing demand for branded residential developments and further strengthens ESG's presence in the UAE real estate market.
Across its portfolio, ESG's subsidiaries continued to deliver positive operational and commercial performance, supporting the company's overall financial results and strategic objectives during the period, it said.
Emirates Stallions Group maintains a diversified portfolio spanning manpower supply, workers & staff accommodation solutions, as well as landscaping & agriculture, real estate development, engineering project management, and associated services to construction, development & hospitality sectors. With over 55 subsidiaries in four different industries, it delivers products and services to over 15 countries in the Middle East, Asia, Africa, Europe, and the Americas. - TradeArabia News Service
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