SHUAA Capital psc (DFM: SHUAA), the region’s leading asset management and investment banking platform, today announced a net profit of AED 198 million for the first nine months of 2025. This compares to a net loss of AED 138 million in the same period of the previous year, reflecting the Group’s continued progress in its strategic turnaround.
This momentum has been supported by the successful execution of SHUAA’s capital optimization strategy and a sharpened focus on operational efficiency. SHUAA reported revenues of AED 62 million for the first nine months of 2025, with its cost-to-income ratio improving to 92%, down from 103% in the same period of the previous year. During the Q3 2025 period, revenue stood at AED 13 million with a net loss of AED 16 million, primarily driven by non-recurring items and timing delays in investment banking transactions. Despite the loss, the quarter reflects an improvement over Q3 2024, which saw a net loss of AED 22 million.
Balance sheet optimization measures were taken earlier in the year, including an increase in the Company’s share capital through the issuance of a mandatory convertible bond and the execution of settlement agreement with a key creditor. As a result, equity as of September 2025 stood at AED 602 million, up from AED 41 million as of December 2024. Debt to equity ratio reduced significantly to 0.7x, from 24x at the end of last year.
Nabil Al Rantisi, Group CEO of SHUAA Capital, said: “SHUAA has taken decisive steps to strengthen its financial foundation and align the business around its core strengths. The successful implementation of strategic initiatives and continued progress in addressing legacy challenges have better positioned the Group for its next phase of growth. We are focused on building a leaner, more agile platform that can deliver sustainable value to shareholders over the long term.”
