Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q3 2025 Earnings Presentation
10 slides from Shuaa Capital (p.s.c)'s earnings presentation, Nov 14, 2025
Slide 1: SHUAA Capital Earnings Presentation Q3 2025
SHUAA Capital Earnings Presentation Q3 2025 14 November 2025
Slide 2: Executive Summary
Executive Summary All figures in AED M Total Revenue Revenue by Division 65.5 61.5 50.0 20.5 11.2 -6% 9.2 29.8 5.4 Asset Investment Real Management Banking Estate YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 YTD-24 YTD-25 Operating Expenses FTEs (Headcount and Expenses) Net Operating Profit 67.5 Cost t
Slide 3: Executive Summary (Cont'd)
Executive Summary (Cont’d) • Revenues reached AED 62 million, down 6% from AED 66 million in 9M 2024. This decline reflects reduced Asset Management revenues, partially offset by solid growth in Investment Banking income, highlighting the effectiveness of the firm’s strategic initiatives. • AED 5 mi
Slide 4: Financial Summary
Financial Summary Q3 2025 Financial Performance Comments YTD-25 YTD-24 Y-o-Y Q3-25 Q3-24 Y-o-Y Income Statement (AED M) Actual Actual Change Actual Actual Change ▪ Revenues reached AED 62 million in 9M 2025, down from AED 65 million Asset Management 29.8 50.0 (20.2) 8.6 12.7 (4.1) Investment Banking
Slide 5: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income CIR 120% 129% 81% 78% 135% 25 23 18 17 5 5 (2) 13 (4) (5) (4) (5) (4) (2) (10) Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Run-Rate One-offs (non-recurring expenses) Net Profit/(Loss) attributable to Owners of the Parent Balance
Slide 6: Revenue Breakdown
Revenue Breakdown AED M Asset Management Investment Banking 13 13 13 8 8 1 1 8 11 1 9 9 10 9.5 5 5 7.3 0.2 0.4 4 4 0.2 0.2 0.4 0.1 3 3 3 0.5 0.8 0.8 0.8 0.9 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Public Markets Private Markets Markets Investment Management Advisory Real Estate C
Slide 7: Operating Expense Breakdown
Operating Expense Breakdown OPEX Evolution (AED M) Comments 32 36 27 22 24 Firm cost discipline maintained across the Group with the continued decline in operating expenses due to cost optimization initiatives undertaken in 2024 and sustained through Q3 2025. Core Business Core Business Core Busines
Slide 8: Appendix
Et] SHUAA Appendix
Slide 9: Quarterly P&L
Quarterly P&L YTD Q3 Q2 Q1 YTD FY Q4 Q3 Q2 Q1 AED '000 2025 2025 2025 2025 2024 2024 2024 2024 2024 2024 Management and performance fees 43,464 13,598 12,585 17,281 62,596 80,899 18,303 18,371 18,968 25,257 Advisory fees 17,248 375 9,527 7,346 386 386 0 0 0 386 Trading and custody 3,252 1,041 1,173
Slide 10: Balance Sheet Summary
Balance Sheet Summary AED '000 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 2025 2025 2025 2024 2024 2024 2024 2023 2023 Assets Cash and deposits with banks 34,086 41,828 87,371 43,176 30,922 22,891 32,994 33,178 107,545 Receivables and other debit balances 117,999 120,799 111,577