ESG Emirates Stallions Group PrJSC
ESG
ADX
Consumer Discretionary
Shariah compliance: iStatus follows DFM's quarterly Shari'a compliant list (Q1 2026), screened under criteria approved by the DFM Fatwa & Shari'a Supervisory Board. Classification may change each quarter.
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Price (AED)12.20 +1.33%Close · 2 Nov 2026
Market Cap3.05B
Enterprise Value2.91B iRoughly what it would cost to buy the whole company.How it is worked out: the value of its shares (market cap) + its debt − the cash it holds.Why it matters: two companies can have the same share value but very different debt and cash. Enterprise value shows the full picture, so you can compare them fairly.Versus market cap: 0.95×, so the company has more cash than debt.For this company: 3.05B + 273.12M debt + 580.65M minority interest − 997.81M cash = 2.91B (Q2 2026)Calculated · Q2 2026
P/E10.16
P/B1.23
Dividend Yield–
ROE12.1%
- Volume
- 1.0K0.25x 30-day average
- Avg volume (30D)
- 4.2K
About the company
ESG Emirates Stallions Group, a subsidiary of International Holding Company (IHC) listed on the ADX Growth Market since 2021, is a diversified UAE group of more than 45 subsidiaries in manpower and accommodation, real estate development and investment (Royal Development), design and manufacturing, landscaping and agriculture, with a workforce of over 15,000 in more than 15 countries. Founded in 2008.
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Year-end price history
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Shariah screening
See DFM's Shari'a status and a screen using S&P's methodology, with the debt, cash and income ratios behind it.
Ownership data is being loaded from DFM. Check back shortly.
Dividend calculator
at AED 12.20 per share (latest close)
You would receive–
Before a dividend is announced, choose an estimate. Once DFM publishes it, the announced amount is used automatically. Gross amount before any bank charges. Estimates only, not investment advice.
Dividend history
No DFM dividend records for this company since 2025.
Source: DFM dividend distribution records (2025 onwards). Yield uses the close before the ex-date.
Announcements
No announcements yet.
Source: DFM disclosures. Times are Dubai time.
Income Statement
Values in AED · click any row to chart the metric, click again to collapse
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 175.7M | 90.7M | 133.8M | 209.1M | 303.3M | 336.2M | 261.0M | 373.0M | 332.7M | 377.3M | 357.5M | 703.5M | 370.1M | 396.6M |
| Cost of Revenue | -138.6M | -67.6M | -99.4M | -136.2M | -213.5M | -199.4M | -183.6M | -240.7M | -233.6M | -255.0M | -221.5M | -458.5M | -239.5M | -263.6M |
| Gross Profit | 37.1M | 23.2M | 34.3M | 72.9M | 89.8M | 136.9M | 77.3M | 132.3M | 99.1M | 122.3M | 136.0M | 245.1M | 130.6M | 133.1M |
| Selling, General & Admin | -12.7M | -13.3M | -14.0M | -45.7M | -57.9M | -70.8M | -55.6M | -73.4M | -53.3M | -65.2M | -78.9M | -97.1M | -78.2M | -85.4M |
| Depreciation & Amortization | 2.7M | 1.8M | 1.8M | 15.4M | 19.4M | 20.8M | 25.2M | 18.9M | 22.7M | 23.0M | 23.1M | 26.9M | 29.2M | 26.8M |
| Operating Income | 24.5M | 9.9M | 20.4M | 27.2M | 31.9M | 66.1M | 21.7M | 58.9M | 45.8M | 57.1M | 57.1M | 147.9M | 52.3M | 47.7M |
| EBITDA | 27.1M | 11.7M | 22.1M | 42.7M | 51.3M | 86.8M | 46.9M | 77.7M | 68.5M | 80.0M | 80.2M | 174.8M | 81.5M | 74.4M |
| Finance Costs | -266,000.00 | -196,000.00 | -142,000.00 | -3.3M | -2.4M | -2.8M | -4.3M | -3.5M | -4.5M | -4.2M | -3.7M | -5.1M | -6.1M | -6.1M |
| Other Income, Net | -3.4M | 549.0M | 7.8M | 21.7M | 30.2M | 868,000.00 | 7.6M | 6.5M | 6.1M | 8.3M | 8.5M | 22.7M | 13.0M | 55.2M |
| Share of Associates & JVs | 622,000.00 | 12.1M | 10.7M | 4.6M | 11.4M | 4.0M | 9.4M | 12.0M | 12.4M | 11.5M | 14.1M | 11.1M | 18.9M | 17.6M |
| Pre-Tax Income | 21.5M | 570.8M | 38.8M | 50.3M | 71.1M | 68.2M | 34.3M | 73.9M | 59.7M | 72.6M | 76.1M | 176.7M | 78.2M | 114.3M |
| Income Tax Expense | – | – | – | 450,000.00 | -2.5M | -5.8M | -2.4M | -5.9M | -6.7M | -10.2M | -3.5M | -22.7M | -9.6M | -16.6M |
| Net Income | 26.3M | 570.8M | 38.8M | 50.7M | 68.6M | 62.4M | 31.9M | 68.0M | 53.0M | 62.4M | 72.6M | 154.1M | 68.6M | 97.7M |
| Net Income (Owners of Parent) | 23.1M | 569.5M | 36.8M | 42.0M | 65.1M | 62.9M | 34.0M | 63.2M | 48.5M | 46.8M | 65.1M | 139.8M | 53.4M | 87.9M |
| Non-Controlling Interests | 3.2M | 1.3M | 1.9M | 8.8M | 3.5M | -495,000.00 | -2.1M | 4.8M | 4.6M | 15.6M | 7.5M | 14.3M | 15.2M | 9.8M |
| EPS (AED) | 0.09 | 2.28 | 0.15 | 0.17 | 0.26 | 0.25 | 0.14 | 0.25 | 0.19 | 0.19 | 0.26 | 0.56 | 0.21 | 0.35 |
Balance Sheet
Values in AED · click any row to chart the metric, click again to collapse
| Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 577.9M | 556.8M | 429.4M | 384.7M | 468.3M | 459.6M | 571.1M | 538.1M | 694.6M | 1.0B | 997.8M |
| Trade & Other Receivables | 346.8M | 527.5M | 659.6M | 657.2M | 629.4M | 640.9M | 627.6M | 717.5M | 815.4M | 752.6M | 760.1M |
| Other Assets & Prepayments | 117.7M | 109.8M | 153.2M | 169.0M | 223.2M | 192.0M | 199.2M | 215.3M | 160.3M | 179.0M | 156.8M |
| Inventory | 116.8M | 104.8M | 89.8M | 103.9M | 101.4M | 89.0M | 84.3M | 89.3M | 91.6M | 86.0M | 67.1M |
| Development Properties | 79.1M | 81.7M | 104.5M | 112.2M | 252.9M | 280.1M | 190.9M | 199.0M | 309.9M | 422.7M | 544.6M |
| Other Financial Assets | 108.5M | 101.6M | 82.4M | 74.4M | 6.2M | 1.1M | 1.6M | 1.3M | 1.0M | 952,000.00 | 854,000.00 |
| Investments in Associates & JVs | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
| Property, Plant & Equipment | 295.6M | 295.9M | 328.1M | 347.4M | 359.5M | 379.8M | 304.7M | 313.9M | 335.3M | 340.6M | 363.5M |
| Investment Properties | 83.5M | 82.8M | 138.4M | 136.9M | 169.0M | 167.1M | 382.6M | 418.3M | 436.1M | 446.1M | 471.0M |
| Right-of-Use Assets | 70.3M | 66.2M | 92.5M | 164.4M | 173.1M | 160.3M | 146.5M | 134.2M | 166.4M | 190.1M | 105.1M |
| Intangible Assets | 40.5M | 102.3M | 100.5M | 98.3M | 96.1M | 93.9M | 91.7M | 89.4M | 87.6M | 86.6M | 83.6M |
| Current Assets | 1.3B | 1.4B | 1.4B | 1.4B | 1.6B | 1.6B | 1.6B | 1.7B | 2.0B | 2.4B | 2.5B |
| Total Assets | 3.1B | 3.2B | 3.4B | 3.5B | 3.7B | 3.7B | 3.8B | 3.9B | 4.3B | 4.8B | 4.8B |
| Trade & Other Payables | 550.8M | 648.1M | 713.3M | 693.3M | 441.2M | 691.2M | 437.4M | 473.1M | 575.2M | 574.7M | 489.3M |
| Advances from Customers | – | – | – | – | 235.9M | – | 265.6M | 296.3M | 474.8M | 570.3M | 653.3M |
| Income Tax Payable | – | 3.7M | 11.9M | 15.8M | 21.7M | 26.3M | 36.2M | 23.5M | 47.9M | 59.3M | 75.6M |
| Deferred Tax Liabilities | 593,000.00 | 3.4M | 3.2M | 3.3M | 2.8M | 2.6M | 2.4M | 2.2M | 2.0M | 1.8M | 1.6M |
| Loans & Borrowings | 81.8M | 69.3M | 64.8M | 54.9M | 50.1M | 40.1M | 35.7M | 26.3M | 21.9M | 131.1M | 131.5M |
| Lease Liabilities | 79.2M | 66.7M | 95.5M | 161.7M | 195.8M | 186.6M | 170.9M | 160.2M | 197.3M | 231.7M | 141.6M |
| End-of-Service Benefits | 41.2M | 46.2M | 63.3M | 64.1M | 65.6M | 69.0M | 72.2M | 74.7M | 73.6M | 74.8M | 80.2M |
| Other Liabilities | 18.9M | 33.2M | 28.4M | 27.3M | 167.4M | 118.2M | 107.6M | 109.7M | 11.2M | 12.3M | 13.0M |
| Current Liabilities | 629.3M | 734.6M | 810.5M | 800.9M | 875.8M | 848.7M | 865.0M | 869.7M | 1.2B | 1.3B | 1.3B |
| Total Debt | 161.0M | 136.0M | 160.3M | 216.6M | 245.9M | 226.7M | 206.7M | 186.5M | 219.1M | 362.7M | 273.1M |
| Total Liabilities | 772.6M | 870.6M | 980.4M | 1.0B | 1.2B | 1.1B | 1.1B | 1.2B | 1.4B | 1.7B | 1.6B |
| Share Capital | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M | 250.0M |
| Reserves | 947.9M | 928.8M | 886.3M | 876.9M | 896.1M | 894.6M | 894.3M | 893.4M | 903.9M | 904.5M | 904.8M |
| Retained Earnings | 805.1M | 870.2M | 959.3M | 993.3M | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B |
| Equity (Owners of Parent) | 2.0B | 2.0B | 2.1B | 2.1B | 2.2B | 2.2B | 2.3B | 2.3B | 2.5B | 2.5B | 2.6B |
| Non-Controlling Interests | 285.0M | 306.9M | 302.7M | 314.4M | 319.2M | 314.4M | 397.2M | 424.7M | 440.8M | 572.2M | 580.7M |
| Total Equity | 2.3B | 2.4B | 2.4B | 2.4B | 2.5B | 2.5B | 2.7B | 2.8B | 2.9B | 3.1B | 3.2B |
Cash Flow
Values in AED · click any row to chart the metric, click again to collapse
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 27.8M | -3.9M | -14.9M | 180.0M | -16.3M | 66.7M | -1.1M | 35.8M | 43.9M | 115.7M | 24.1M | 258.1M | 231.2M | 15.7M |
| Income Tax Paid | – | – | – | – | – | – | – | – | – | – | -17.6M | -1,000.00 | – | – |
| Investing Cash Flow | -224.0M | -42.0M | 48.5M | -115.7M | 22.0M | -75.0M | 14.3M | 36.3M | 8.3M | -57.4M | -112.9M | -178.5M | -63.5M | -161.6M |
| Capital Expenditure | -10.5M | -428,000.00 | 1.7M | -4.4M | -5.7M | -23.3M | -26.7M | -28.9M | -26.0M | -68.1M | -54.0M | -89.5M | -26.6M | -41.1M |
| Financing Cash Flow | -4.2M | – | -170,000.00 | -20.0M | -7.3M | -20.5M | -32.8M | -12.9M | -31.6M | 39.9M | -2.9M | -18.1M | 112.4M | -8.4M |
| Proceeds from Borrowings | – | – | – | 141,000.00 | – | – | – | – | – | – | – | – | 113.6M | 4.8M |
| Repayment of Borrowings | – | – | – | -4.6M | -12.5M | -4.5M | -9.9M | -4.8M | -10.0M | -4.4M | -9.5M | -4.4M | -4.4M | -4.4M |
| Lease Payments | -169,000.00 | – | -170,000.00 | -15.5M | -13.3M | -12.2M | -24.6M | -8.1M | -12.2M | -22.6M | -13.4M | -15.5M | -11.8M | -7.6M |
| Finance Costs Paid | -185,000.00 | -119,000.00 | -101,000.00 | -1.9M | -1.6M | -1.6M | -1.4M | -1.2M | -1.5M | -1.3M | -1.3M | -1.1M | -1.2M | -2.7M |
| Dividends Paid | -4.0M | – | – | – | – | -3.8M | – | – | -9.6M | -3.8M | -7.0M | – | -11.2M | -1.5M |
| Free Cash Flow | 17.3M | -4.3M | -16.6M | 175.6M | -22.0M | 43.4M | -27.8M | 6.9M | 17.9M | 47.5M | -29.9M | 168.7M | 204.7M | -25.4M |
Revenue
Gross Profit
Operating Income
EBITDA
Net Income
EPS (AED)
Shares Outstanding
Total Assets
Cash & Equivalents
Long Term Debt
Total Liabilities
Total Equity
Profitability Margins
Gross Margin
Operating Margin
EBITDA Margin
Pre-Tax Margin
Net Margin
P/E
P/S Ratio
P/B
Price / FCF
Net Worth (Market Cap)
Current Ratio
Quick Ratio
Debt / Equity
ROE
ROA
ROI
Return on Tangible Equity
Dividend Yield
Employee Count
Market Information
- 2026-07-28 Q2 2026 Financial Results PDF ↓
- 2026-04-28 Q1 2026 Financial Results PDF ↓
- 2026-01-27 FY 2025 Financial Results PDF ↓
- 2025-10-27 Q3 2025 Financial Results PDF ↓
- 2025-07-25 Q2 2025 Financial Results PDF ↓
- 2025-04-29 Q1 2025 Financial Results PDF ↓
- 2025-01-27 FY 2024 Financial Results PDF ↓
- 2024-10-28 Q3 2024 Financial Results PDF ↓
- 2024-07-25 Q2 2024 Financial Results PDF ↓
- 2024-04-29 Q1 2024 Financial Results PDF ↓
- 2024-02-09 FY 2023 Financial Results PDF ↓