Shuaa Capital (p.s.c) · DFM:SHUAA
Shuaa Capital (p.s.c) — SHUAA Capital — Q1 2026 Earnings Presentation
11 slides from Shuaa Capital (p.s.c)'s earnings presentation, May 14, 2026
Slide 1: SHUAA Capital Earnings Presentation Q1 2026
SHUAA Capital Earnings Presentation Q1 2026 14 May 2026
Slide 2: Executive Summary
Executive Summary All figures in AED M Total Revenue Revenue by Division 4.5 8.2 8.9 18.0 18.2 8.3 4.9 1.4 Asset Investment Real Management Banking Estate Q4-25 Q1-26 Q4-25 Q1-26 Q4-25 Q1-26 Q4-25 Q1-26 Operating Expenses FTEs (Headcount and Expenses) Net Operating Profit Cost to 21.8 FTEs 62 67 Inc
Slide 3: Executive Summary (Cont'd)
Executive Summary (Cont’d) • The Group delivered a significant improvement in bottom-line performance, with net loss narrowing to AED 10 million in Q1 2026 from AED 42 million in Q4 2025, primarily reflecting the absence of the material non-recurring charges incurred in the prior quarter • Core reve
Slide 4: Financial Summary
Financial Summary Q1 2026 Financial Performance Comments Q1-26 Q4-25 Q-o-Q Q1-26 Q1-25 Y-o-Y Income Statement (AED M) Actual Actual Change Actual Actual Change Income Statement Public Markets 3.7 3.0 0.7 3.7 3.3 0.4 Revenue remained stable at AED 18 million quarter-on-quarter, supported by growth
Slide 5: Key Financial Highlights
Key Financial Highlights AED M Revenue Operating Income CIR 79% 138% 118% 120% 22 5 18 18 (2) (2) (3) 13 (5) (10) (4) (3) Q2-25 Q3-25 Q4-25 Q1-26 Q2-25 Q3-25 Q4-25 Q1-26 Run-Rate One-offs (non-recurring expenses) Net Profit/(Loss) attributable to Owners of the Parent Balance Sheet D/E 0.6x 0.7x 0.7x
Slide 6: Revenue Breakdown
Revenue Breakdown AED M Asset Management Investment Banking 7.9 8.4 8.4 8.9 10.7 1.4 1.4 4.4 5.2 4.7 5.3 5.3 9.5 0.0 1.4 3.2 3.1 3.7 0.1 3.1 3.0 0.4 0.4 0.8 0.9 1.0 Q2-25 Q3-25 Q4-25 Q1-26 Q2-25 Q3-25 Q4-25 Q1-26 Public Markets Private Markets Fixed Income Equity Trading Advisory Real Estate Comment
Slide 7: Operating Expense Breakdown
Operating Expense Breakdown OPEX Evolution (AED M) Comments The Group maintained strong cost discipline, with operating expenses continuing to trend below prior peak levels following 22 24 34 26 the cost optimization initiatives implemented in 2024 and sustained through early 2026. • Core operating
Slide 8: Appendix
Appendix 7
Slide 9: Quarterly P&L
Quarterly P&L Q1 FY Q4 Q3 Q2 Q1 AED '000 2026 2025 2025 2025 2025 * 2025* Management and performance fees 13,916 60,045 16,581 13,598 12,585 17,281 Advisory fees 0 17,248 0 375 9,527 7,346 Trading and custody 4,449 4,607 1,355 1,041 1,173 1,039 Others 0 51 19 11 10 11 Total revenues 18,365 81,951 17
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 * 2026 2025 2025 2025 2025 2024* 2024 2024 2024 Assets Cash and deposits with banks 107,667 50,104 34,086 41,828 87,371 43,176 30,922 22,891 32,994 Receivables and other debit balances 99,130 94,819 117,999
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