Abu dhabi: Emirates Stallions Group (ESG), a subsidiary of IHC, announced an 8 percent year-on-year increase in revenue, reaching AED766.69 million for the six months ending on 30th June 2026. Net profit saw a significant rise of 44 percent, amounting to AED166.30 million.
According to Emirates News Agency, ESG's operational profit before tax experienced a 47 percent increase, totaling AED193.48 million. This growth highlights the company's operational efficiencies, disciplined execution, and the robust nature of ESG's diverse business portfolio. Gross profit rose by 19 percent year-on-year to AED263.64 million, while total assets expanded by 11 percent to AED4.8 billion, and total equity increased by 10 percent to AED3.2 billion.
The strong performance in the first half was driven by continuous operational enhancements, effective capital allocation, and resilient contributions from ESG's diversified portfolio, especially in its Development and Human Resources sectors. ESG's ongoing portfolio optimization initiatives further bolstered overall profitability, while maintaining a disciplined approach to growth and investment.
Matar Suhail Al Yabhouni Al Dhaheri, Chairman of ESG, emphasized the strength of ESG's diversified portfolio and the importance of building businesses with long-term fundamentals. He highlighted the company's focus on expanding its asset base, maintaining financial discipline, and creating enduring value for shareholders.
Kayed Ali Khorma, CEO of ESG, noted that the first half benefited from disciplined execution, improved efficiencies, and prudent capital management. He pointed out that the Development and Human Resources verticals delivered strong contributions, and the streamlined portfolio further enhanced profitability. He reiterated ESG's commitment to executing strategic growth initiatives, enhancing operational efficiency, and investing in opportunities that support sustainable, profitable growth.
Throughout the period, ESG executed its strategic growth initiatives across its diversified portfolio, including the launch of Rotana Residences on Al Reem Island, with an estimated gross development value of approximately AED1 billion. ESG's subsidiaries continued to deliver positive operational and commercial performance, supporting the company's overall financial results and strategic objectives during this period.