Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q4 2024 Earnings Presentation
11 slides from Shuaa Capital (p.s.c)'s earnings presentation, Mar 25, 2025
Slide 1: Earnings Presentation Q4 2024
SHUAA Earnings Presentation Q4 2024 25 March 2025
Slide 2: Executive Summary
Executive Summary • The Group reported a net loss of AED 299 million attributable to the owners of the parent for FY 2024 financial results, which includes AED 220 million in one-off non-cash charges, including impairments related to the Goldilocks fund. • Adjusted net operating loss for FY 2024 was
Slide 3: Financial Summary
Financial Summary FY 2024 Financial Performance Comments Income Statement (AED Mn) FY-24 FY-23 Y/Y Change Q4-24 Q3-24 Q/Q Change Adjusted net operating income for FY 2024 was lower by AED 1 million compared to Management and Performance Fees 80.9 99.5 (18.6) 18.3 18.4 (0.1) prior year, after excludi
Slide 4: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income 30 20 19 20 89 161 3 (8) (13) (13) (30) 31 41 5 (2) (6) (2) (6) (10) (10) (7) (3) (20) (11) One-offs Q1-24 Q2-24 Q3-24 Q4-24 FY-24 FY-23 Run-Rate Net Profit (Loss) attributable to Owners of the Parent Balance Sheet (87) (29) (22) (160) (299) (9
Slide 5: Revenue Snapshot
Revenue Snapshot AED M Total Revenues 30 20 19 20 89 161 FY 2024 vs. FY 2023 • FY 2024 revenues were AED 32 million lower than FY 2023, which reported AED 121 million after adjusting for AED 41 million in one-off revenues. • Lower revenues booked in current year due to lower management fees from Gol
Slide 6: Asset Management Segment Performance
Asset Management Segment Performance Revenue Evolution (AED M) Comments Asset Management for FY 2024 was AED 78m compared to 25 19 18 17 78 146 AED 105m FY 2023 when normalized by excluding one-off revenues earned in prior year. Reduction of AED 27m was mainly associated with the lower management fe
Slide 7: Investment Banking Segment Performance
Investment Banking Segment Performance Revenue Evolution (AED M) Comments Investment banking revenues came in AED 7m lower 6 13 compared to prior year on the back of lower trading income 4 1 1 1 and advisory fees. Markets • Trading income came in lower in current year due to a reduction in trading v
Slide 8: Operating Expense Breakdown
Operating Expense Breakdown OPEX Evolution (AED M) Comments Firm cost discipline maintained across the Group in 2024 with 27 28 32 32 119 131 continued decline in operating expenses due to cost optimization initiatives undertaken in 2023 and sustained through 2024. • Core business expenses declined
Slide 9: Appendix
Et] SHUAA Appendix
Slide 10: Quarterly P&L
Quarterly P&L FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 AED '000 2024 2024 2024 2024 2024 2023 2023 2023 2023 2023 Management and performance fees 80,899 18,303 18,371 18,968 25,257 140,783 29,523 28,195 29,891 53,174 Advisory fees 386 0 0 0 386 2,185 0 220 275 1,690 Trading and custody 6,722 1,005 744 760 4,21
Slide 11: Balance Sheet Summary
Balance Sheet Summary AED '000 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2024 2024 2024 2024 2023 2023 2023 2023 Assets Cash and deposits with banks 43,176 30,922 22,891 32,994 33,178 107,545 103,120 98,275 Receivables and other debit balances 112,381 166,852 167,152 175,646 151,408 23