Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q2 2025 Earnings Presentation
10 slides from Shuaa Capital (p.s.c)'s earnings presentation, Aug 14, 2025
Slide 1: Earnings Presentation Q2 2025 Financials
SHUAA Earnings Presentation Q2 2025 Financials 14 August 2025
Slide 2: Executive Summary
Executive Summary All figures in AED M Total Revenue Revenue by Division -11% 24.5m -38% 12.0m +27% 8.0m 4.0 -3% 4.5m 25.5 13.1 3.9 Budget Budget Budget Budget 10.7 8.1 8.4 22.7 Asset Investment Real Management Banking Estate Q1-25 Q2-25 Q1-25 Q2-25 Q1-25 Q2-25 Q1-25 Q2-25 Operating Expenses FTEs (H
Slide 3: Executive Summary (Cont'd)
Executive Summary (Cont’d) • Revenues stood at AED 23 million in Q2 2025, slightly lower compared to AED 26 million in Q1 2025. Mainly due to lower fees derived from Asset Management funds following a reversal of excess revenue in Q1 2025 based on estimated NAV. This was partially mitigated by stead
Slide 4: Financial Summary
Financial Summary Q2 2025 Financial Performance Comments Q2-25 Q1-25 Q-o-Q H1-25 H1-24 Y-o-Y Income Statement (AED M) Actual Actual Change Actual Actual Change Asset Management 8.1 13.1 (5.0) 21.2 37.3 (16.1) Revenues stood AED 23 million, slightly lower compared to AED 26 million in Q1 2025. Main
Slide 5: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income 18 17 25 23 (4) (5) 5 5 9 7 5 2 (4) (2) (6) (10) Q3-24 Q4-24 Q1-25 Q2-25 Q3-24 Q4-24 Q1-25 Q2-25 Run-Rate One-offs Net Profit/(Loss) attributable to Owners of the Parent Balance Sheet D/E (22) (161) 196 19 5.6x 24.4x 0.7x 0.6x Ratio 1,375 1,196
Slide 6: Revenue Breakdown
Revenue Breakdown AED M Asset Management Investment Banking 16 13 13 1 1 8 11 8 9 9 10 9.5 5 7.3 4 4 0.2 3 3 0.2 0.2 0.4 0.5 0.8 0.8 0.8 Q3-24 Q4-24 Q1-25 Q2-25 Q3-24 Q4-24 Q1-25 Q2-25 Public Markets Private Markets Markets Investment Management Advisory Real Estate 5 3 4 4 0.1 0.1 0.9 0.7 4.2 2.7 2
Slide 7: Operating Expense Breakdown
Operating Expense Breakdown OPEX Evolution (AED M) Comments Firm cost discipline maintained across the Group with the continued decline in operating expenses due to cost optimization initiatives undertaken in 2024 and sustained 32 36 27 22 through Q2 2025. Core Business Core Business • Core business
Slide 8: Appendix
Et] SHUAA Appendix
Slide 9: Quarterly P&L
Quarterly P&L H1 Q2 Q1 H1 FY Q4 Q3 Q2 Q1 AED '000 2025 2025 2025 2024 2024 2024 2024 2024 2024 Management and performance fees 29,866 12,585 17,281 44,225 80,899 18,303 18,371 18,968 25,257 Advisory fees 16,873 9,527 7,346 386 386 0 0 0 386 Trading and custody 2,212 1,173 1,039 4,974 6,722 1,005 744
Slide 10: Balance Sheet Summary
Balance Sheet Summary AED '000 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 2025 2025 2024 2024 2024 2024 2023 2023 2023 Assets Cash and deposits with banks 41,828 87,371 43,176 30,922 22,891 32,994 33,178 107,545 103,120 Receivables and other debit balances 120,799 111,577 112,381