Waha Capital Company · ADX:WAHA
Waha Capital — FY2025 Earnings Presentation
17 slides from Waha Capital's earnings presentation, February 2026
Slide 1: FY 2025 Earnings Presentation
FY 2025 Earnings Presentation February 2026
Slide 2: Disclaimer
Waha Capital Disclaimer This presentation is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities. It is provided confidentially by Waha Capital PJSC (“Waha Capital”) and is intended solely for use as an investor presentation. The information her
Slide 3: Agenda
Agenda • Waha Capital Performance Update • Market Outlook • Investment Case • Q&A
Slide 4: Performance Update
Performance Update
Slide 5: 2025 Key Highlights
Performance Update 2025 Key Highlights FY 2025 was one of the strongest years in our history; over AED 1 billion in profit, materially lower leverage, and strong liquidity. We realised significant value across our Private Investments portfolio, most notably the substantial exit of our investment Opt
Slide 6: Summary of FY 2025 Results
Summary of FY 2025 Results Diversified n e t p r o f it c o n t r ibu tio n b y b u s i n e s s li n e % contribution to FY’25 to company’s total revenue Net Profit Attributable Waha Capital Total Income to Shareholders AED 1.012 Bn AED 1.9 Bn 17% 17% Waha Investments 48% Private Investments 55% Wah
Slide 7: Waha Investments
FINANCIAL HIGHLIGHTS Waha Investments AUM of USD 3bn Delivering benchmark-beating returns across emerging market long/short credit and equity strategies INVESTMENT APPROACH Emerging Markets Credit MENA Equity Fund FY’25 Fund FY’25 A top – down assessment of the AuMs AED Cumulative Return AuMs AED Cu
Slide 8: Private Investments
FINANCIAL HIGHLIGHTS Private Investments Direct Deployment Leverages a multi-asset strategy, investing across sectors and geographies, offering diversification through global networks. Value Creation Healthcare Progress Growth FY’25 AuMs Continued execution Waha Health is a key Well-positioned to AE
Slide 9: Waha Health
FINANCIAL HIGHLIGHTS Waha Health Focusing on high-return opportunities, driving growth and acquisitions to build a healthcare portfolio that delivers strong and recurring income ASSETS Health Bay (Dubai) Orchid (Dubai) Future Acquisitions Invest in high margin / growth A well-known day Leading IVF c
Slide 10: Waha Land
FINANCIAL HIGHLIGHTS Waha Land Industrial Real Estate Develops industrial real estate in Abu Dhabi. The industrial real estate project leverages the UAE’s infrastructure to offer high-quality facilities. Phase 1 Industrial Real Estate Project Location Stage 1 and Stage Stage 2B Stage 3A and 3B Occup
Slide 11: Market Outlook
Market Outlook
Slide 12: Macro Economic Outlook
FINANCIAL HIGHLIGHTS Waha Capital Performance Summary MACRO ECONOMIC OUTLOOK • Q4 2025 saw easier global financial conditions as the U.S. Federal Reserve delivered additional 25bp rate cuts in late October and December. • Risk sentiment improved, supporting conditions across credit markets and emerg
Slide 13: Investment Case
Investment Case
Slide 14: Why Invest in Waha Capital
Investment Case Why Invest in Waha Capital 1. Diversified, 2. Proven Track 3. Growing Asset Scalable Platform Record Management Business Asset Management, Healthcare, Value creation through active Scaling third-party AUM and and Real Estate; aligned with ownership, disciplined capital differentiated
Slide 15: Appendix
Appendix
Slide 16: Board Of Directors
Board Of Directors Mr. Waleed Al Muhairi Mr. Ahmed Al Dhaheri Mr. Mohamed Hussain Al Nowais Mr. Nader Al Hammadi Mr. Rasheed Al Omaira Chairman Vice Chairman Director Director Director Mr. Homaid Al Shimmari Ms. Sanaa Al Ketbi Mr. Darwish Al Ketbi Mr. Ahmad Al Qassimi Director Director Director Dire
Slide 17: Executive Management Team
Executive Management Team Mohamed Hussain Al Mohamed El Jamal James Finucane Yazid Ben Salem Nowais Chief Investment Officer, Chief Financial Officer Head of Business Managing Director Waha Investments Development, Waha Investments Said Djebbar Paul Myers Hazem Saeed Al Nowais Head of Risk General C