SHUAA Capital Reports Net Profit of AED 156 Million in FY 2025
Reflecting the Group’s continued progress in its strategic turnaround
SHUAA Capital psc (DFM: SHUAA), the region’s leading asset management and investment banking platform, today announced a net profit of AED 156 million for the full year ended 31 December 2025. This compares to a net loss of AED 274 million in the previous year, reflecting the Group’s continued progress in its strategic turnaround and the successful execution of key balance sheet optimization initiatives.
Total operating revenue for FY 2025 reached AED 79 million. During the year, the Group continued to focus on strengthening its financial position, enhancing operational efficiency and repositioning its core business lines to support long‑term sustainable growth. The Group reported a cost‑to‑income ratio of 99% for the year, improving from 103% in FY 2024, while operating margin turned positive at 1% compared to -3% in the prior year.
During Q4 2025, revenue reached AED 18 million, compared to AED 17 million in Q4 2024, primarily reflecting stronger real estate management fees. Net loss for the quarter narrowed significantly to AED 42 million, compared to a net loss of AED 135 million in Q4 2024.
During the year, SHUAA implemented several balance sheet optimization measures, 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, total equity increased to AED 554 million as of December 2025, compared to AED 41 million at the end of 2024, while the debt-to-equity ratio declined significantly to 0.7x from 24x in the prior year.
Commenting on the Company’s results, Badr Al-Olama, Chairman of SHUAA Capital, said: “2025 marked a pivotal year in SHUAA’s transformation. During the year, the Board and management team remained focused on stabilizing the Group’s balance sheet, resolving legacy challenges and repositioning the business for long‑term sustainable growth. The successful implementation of our capital optimization initiatives has significantly strengthened the Company’s financial position and restored a more resilient capital structure. At the same time, the Group continued to streamline its operations and sharpen its strategic focus on core business lines where SHUAA has historically demonstrated strong capabilities. As we move forward, the Board remains committed to supporting management in rebuilding a disciplined, performance‑driven platform capable of delivering sustainable value to shareholders and clients alike.”
Nabil Al Rantisi, Group CEO of SHUAA Capital, added: “Over the past year, we have taken meaningful steps to strengthen SHUAA’s operating platform while addressing legacy matters that continue to weigh on the business. In parallel, we have been actively rebuilding key capabilities across the Group. We revamped our fixed income platform, strengthened our investment banking team and relaunched SHUAA’s equity trading business, positioning the firm to better serve institutional and corporate clients across the region. Looking ahead, we are focused on expanding our product offering and exploring new opportunities in private markets, including the potential launch of new private funds in the UAE and Saudi Arabia. We look forward to updating the market on these initiatives during 2026 as we continue to build a leaner, more agile platform for sustainable growth.”
