# The Group recorded USD 3.5 billion in revenue, up 4.3% year-on-year, and USD 179 million in adjusted EBITDA¹, up 22.0%.

*business · news · 2026-04-27 · The Manila Times*

## Key points

- Ittihad's adjusted EBITDA grew 22% year-on-year to USD 179 million in 2025.
- Both S&P and Fitch upgraded Ittihad's long-term issuer credit rating to BB- from B+ in 2025.
- Ittihad issued a USD 550 million 5-year sukuk in November 2025, over four times oversubscribed.
- The copper recycling plant contributed its first full year of EBITDA, boosting copper segment margins.

**Companies:** Ittihad International Investment LLC
**Countries:** United Arab Emirates, Saudi Arabia, Egypt

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/04/27/tmt-newswire/globenewswire/ittihad-delivers-record-full-year-ebitda-with-22-per-cent-growth/2329573)

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