SHUAA Capital’s Q1 Net Profit is $53.36 Million

Driven by successful implementation of a comprehensive turnaround strategy, SHUAA Capital, the region’s leading asset management and investment banking platform, on Friday said that it has posted a net profit of $53.36 million for Q1 of 2025.

The company made a remarkable turnaround from a net loss of $43.83 million in Q4 of 2024. This result underscores the successful execution of SHUAA’s capital optimisation strategy and a return to profitability at both core and reporting levels, SHUAA Capital said in a bourse disclosure with Dubai Financial Market (DFM) this morning.

The company also reported a 46% revenue growth with strong contributions from all areas of the business. It also achieved growth in every area of its operations, highlighting the diverse strength of its business model. The successful completion of its capital optimisation plan has resulted in reducing debt by over 60%. 

Total operating revenues rose to $6.81 million in Q1 of 2025, on the back of higher investment banking income while net operating income stood at $1.36 million for Q1 of 2025, underpinned by continued success of cost optimisation efforts.

Net profit attributable to shareholders reached $53.36 million in Q1 of 2025, reflecting the positive impact of the successfully executed capital optimisation plan. The cost to income ratio improved to 81% in Q1 of 2025, marking a substantial improvement from 129% in the previous quarter.

The Q1 results reflect SHUAA Capital’s dedication to building a foundation for sustainable growth and long-term value creation for its shareholders. The completion of the capital optimization plan is a pivotal moment for the company, positioning SHUAA for continued success in the years ahead.

Capital Optimisation Plan

SHUAA Capital Chairman Badr Salim Al Olama said that they were pleased with the progress made in Q1 of 2025, and the successful completion of our capital optimisation plan has set a strong foundation for future success.

“Moving forward, we are confident that SHUAA will continue to strengthen its leadership position in the region, driving value for our shareholders and contributing to the broader growth of the markets we serve,” he said.

The company’s Group CEO Wafik Ben Mansour said that the results reflect the collective efforts of the Board and Management to steer SHUAA back to profitability, following one of the most challenging periods in its history.

“As we look ahead, our unwavering focus will be on driving business growth, enhancing profitability, and delivering sustainable value to our shareholders. We are committed to repositioning SHUAA to its rightful place at the forefront of the industry,” he said.