Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q1 2025 Earnings Presentation
10 slides from Shuaa Capital (p.s.c)'s earnings presentation, May 15, 2025
Slide 1: Earnings Presentation Q1 2025 Financials
SHUAA Earnings Presentation Q1 2025 Financials 15 May 2025
Slide 2: Executive Summary
Executive Summary All figures in AED M Total Revenue Revenue by Division +2% 13.1 25.5 12.9 8.4 +46% >100% +19% 4.0 3.3 17.4 Asset 1.0 Investment Real Management Banking Estate Q4-24 Q1-25 Q4-24 Q1-25 Q4-24 Q1-25 Q4-24 Q1-25 Operating Expenses FTEs (Headcount and Expenses) Net Operating Profit Cost
Slide 3: Executive Summary (Cont'd)
Executive Summary (Cont’d) • AED 26 million in Revenues, up from AED 17 million in Q4 2024, on the back of higher investment banking income, signaling strong growth potential Q1-25 Financial • AED 5 million in Operating Income, compared to net operating loss of AED 5 million in Q4 2024, reflecting t
Slide 4: Financial Summary
Financial Summary Q1 2025 Financial Performance Comments Q1-25 Q4-24 Q-o-Q Income Statement (AED M) Actual Actual Change Asset Management 13.1 12.9 0.2 Revenues reached AED 26 million, up AED 8 million from Q4 2024, primarily driven by higher Investment Banking 8.4 1.0 7.4 Investment Banking incom
Slide 5: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income 19 18 17 25 (2) (4) (5) 5 9 5 2 (2) (4) (1) (6) (10) Q2-24 Q3-24 Q4-24 Q1-25 Q2-24 Q3-24 Q4-24 Q1-25 Run-Rate One-offs Net Profit (Loss) attributable to Owners of the Parent Balance Sheet (30) D/E (22) (161) 196 4.9x 5.6x 66.7x 0.7x Ratio 1,375
Slide 6: Revenue Breakdown
Revenue Breakdown AED M Asset Management Investment Banking 16 13 13 0.4 1 1 8 13 9 9 9 9 7.3 7 4 4 4 0.2 Q2-24 Q3-24 Q4-24 Q1-25 0.7 0.2 0.2 0.4 0.8 0.8 (0.3) Public Markets Private Markets Q2-24 Q3-24 Q4-24 Q1-25 Markets Investment Management Advisory Real Estate 3 5 3 4 0.1 0.1 0.8 4 0.4 3 2 2 1
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 28 32 36 27 through Q1 2025. • Core business expenses 9% lower compared
Slide 8: Appendix
Et] SHUAA Appendix
Slide 9: Quarterly P&L
Quarterly P&L Q1 FY Q4 Q3 Q2 Q1 AED '000 2025 2024 2024 2024 2024 2024 Management and performance fees 17,281 80,899 18,303 18,371 18,968 25,257 Advisory fees 7,346 386 0 0 0 386 Trading and custody 1,039 6,722 1,005 744 760 4,214 Others 11 843 230 86 199 328 Total revenues 25,677 88,850 19,538 19,2
Slide 10: Balance Sheet Summary
Balance Sheet Summary AED '000 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 2025 2024 2024 2024 2024 2023 2023 2023 2023 Assets Cash and deposits with banks 87,371 43,176 30,922 22,891 32,994 33,178 107,545 103,120 98,275 Receivables and other debit balances 111,577 112,381 166,852