Why invest

Our successful business model provides a solid platform for growth. We combine a diverse portfolio with excellent financial discipline to deliver outstanding value for shareholders.

A solid platform with unique business model 

  • Leading market positions – Largest pharma company in MENA1, 7th largest generic pharma company in US2, Sixth largest generic injectable supplier in Europe3
  • Expanding manufacturing footprint - 29 plants across our markets, with additional facilities being established
  • Global player with local expertise
  • Trusted partner known for our commitment to quality and reliability of supply
  • Agile supply chain, flexible manufacturing and leading technical capabilities
Highlights
$ 3,349 m Group core revenue
$ 741 m Group core operating profit
853 m Core EBITDA margin

An increasingly diverse portfolio and pipeline

  • A broad portfolio that is tailored to local market needs
  • Growing presence in specialty, complex and higher-value products, which offer less competition and higher margins
  • Strong momentum in new product launches across our markets
  • Enhancing our pipeline by adding innovative products through value-creating partnerships
  • Adding to the strength of our base business through strategic acquisitions
Highlights
4.5 % 2025 R&D spend as % of revenue
84 Launches across our markets in 2025
300 + Products in pipeline

Strategic execution driven by our three pillars

 

We aim to deliver consistent and profitable growth by putting better health within reach every day, creating high-quality medicines and making them accessible for patients around the world. Our three strategic pillars are: to strive for excellence; to diversify and differentiate our pipeline; and to empower people and act responsibly.

A proven track record of delivery for shareholders

  • Group revenue compound annual growth rate (CAGR) of  7% and core EBIT CAGR of 6% since 2020
  • Strong cash generation with $436m operating cash flow in 2025
  • Strong balance sheet that provides financial flexibility to support future growth, with low leverage of 1.6x net debt to EBITDA
  • High returns, with 16.0% return on average invested capital
Highlights
7 % Group 5-year revenue CAGR
6 % Group 5-year core EBIT CAGR
16.0 % Return on average invested capital

All figures for year ending 31 December 2025.

1. IQVIA MIDAS® Monthly Value Sales data for Algeria, Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, Tunisia and the United Arab Emirates, MAT 2025
2. IQVIA MAT November 2025, includes all generic injectable and generic non-injectable products by sales
3. IQVIA Injectable generic products, Hospital + Germany Retail, 2024 USD sales

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