Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — FY2025 Earnings Presentation
11 slides from Shuaa Capital (p.s.c)'s earnings presentation, Mar 25, 2026
Slide 1: SHUAA Capital Earnings Presentation FY 2025
SHUAA Capital Earnings Presentation FY 2025 25 March 2026
Slide 2: Executive Summary
Executive Summary All figures in AED M Total Revenue Revenue by Division 81.5 78.8 62.6 20.8 19.4 -3% 37.5 12.5 Asset Investment Real Management 4.0 Banking Estate FY-24 FY-25 FY-24 FY-25 FY-24 FY-25 Operating Expenses FTEs (Headcount and Expenses) Net Operating Profit 84.3 Cost to 77.6 FTEs 59 62 I
Slide 3: Executive Summary (Cont'd)
Executive Summary (Cont’d) • Revenue reached AED 79 million in FY 2025, representing a slight 3% decline compared to the previous year. This decrease reflects lower revenues from certain public and private market strategies, partially offset by strong growth in Investment Banking and Real Estate inc
Slide 4: Financial Summary
Financial Summary FY 2025 Financial Performance Comments Q4-25 Q4-24 Y-o-Y FY-25 FY-24 Y-o-Y Income Statement (AED M) Actual Actual Change Actual Actual Change Public Markets 3.0 3.8 (0.7) 12.6 26.4 (13.8) Net operating income for FY 2025 was higher by AED 4 million compared to the prior year. Priva
Slide 5: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income CIR 82% 79% 138% 118% 103% 99% 82 79 20 18 4 2 10 5 5 25 2 1 22 (3) (3) 18 (5) 13 Q1-25 Q2-25 Q3-25 Q4-25 FY-24 FY-25 Q1-25 Q2-25 Q3-25 Q4-25 FY-24 FY-25 Run-Rate One-offs (non-recurring expenses) Net Profit/(Loss) attributable to Owners of the
Slide 6: Revenue Breakdown
Revenue Breakdown AED M Asset Management Investment Banking 13 8 8 8 63 38 8 11 1 1 6 22 36 17.2 25 9.5 7.3 2.3 1.1 26 0.4 0.4 10 0.2 0.1 3.5 5 5 5 13 0.8 0.8 0.9 1.0 3.6 3 3 3 3 Q1-25 Q2-25 Q3-25 Q4-25 FY-24 FY-25 Q1-25 Q2-25 Q3-25 Q4-25 FY-24 FY-25 Public Markets Private Markets Markets Investment
Slide 7: Operating Expense Breakdown
Operating Expense Breakdown OPEX Evolution (AED M) Comments Firm cost discipline maintained across the Group with the 27 22 24 34 123 108 continued decline in operating expenses due to cost optimization initiatives undertaken in 2024 and sustained through 2025. 20 • Core operating expenses decreased
Slide 8: Appendix
Appendix 7
Slide 9: Quarterly P&L
Quarterly P&L FY Q4 Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 AED '000 2025 2025 2025 2025 2025 2024 * 2024* 2024 2024 2024 Management and performance fees 60,045 16,581 13,598 12,585 17,281 80,899 18,303 18,371 18,968 25,257 Advisory fees 17,248 0 375 9,527 7,346 386 0 0 0 386 Trading and custody 4,607 1,355 1,041 1
Slide 10: Balance Sheet Summary
Balance Sheet Summary AED '000 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 2025 2025 2025 2025 * 2024* 2024 2024 2024 2023 Assets Cash and deposits with banks 50,104 34,086 41,828 87,371 43,176 30,922 22,891 32,994 33,178 Receivables and other debit balances 94,819 117,999 120,799
Slide 11: SHUAA Capital p.s.c. Head Office
SHUAA Capital p.s.c. Head Office: The H Hotel Dubai, Office Tower, Level 15, Office No. 1502 P.O. Box: 31045, Dubai, United Arab Emirates Tel: +971 (4) 330-3600, Fax: +971 (4) 330-3550 E-mail: IR@shuaa.com Website: www.shuaa.com A financial investment company licensed and regulated by the U.A.E. Cap