SHUAA Capital

Shuaa Capital (P.S.C)

SHUAAStocksDubai Financial MarketDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	589.88M	12.82M	-62.48M	315.47M	190.42M
Operating Income	482.05M	-165.05M	-241.07M	39.93M	-92.51M
Interest Income	0.11M	0.64M	29.29M	16.41M	—
Pretax Income	0.17B	-0.33B	-1.11B	0.01B	-0.15B
Income Tax	13.36M	-12.10M	40.85M	—	—
Net Income	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Interest Income	-32.44M	-76.04M	-73.48M	-109.67M	-41.90M
Broker Commission	—	—	—	273.00M	295.71M
EPS (Basic)	0.04	-0.12	-0.36	-0.05	0.01
EPS (Diluted)	0.04	-0.12	-0.36	-0.05	0.01
DPS	—	—	—	—	—
Margins & Efficiency
Net Margin %	+26.5%	-2,334.5%	+1,451.2%	-42.9%	+12.7%
Revenue & Income
Revenue	589.88M	12.82M	-62.48M	315.47M	190.42M
Revenue as Reported	81.95M	88.85M	161.42M	504.81M	242.48M
Revenue Growth (YoY)	+4,503.0%	—	—	+65.7%	-45.6%
Revenues Before Loan Losses	589.88M	12.82M	87.93M	315.47M	190.42M
Broker Commission	—	—	—	273.00M	295.71M
Asset Mgmt Fee	600.42M	80.90M	140.78M	—	—
Inv Banking Fee	17.25M	0.39M	2.19M	6.08M	13.10M
Trade Principal	4.61M	6.72M	12.67M	7.28M	5.92M
Interest & Investment Income	0.11M	—	29.29M	16.41M	—
Other Revenue CM	0.05M	0.84M	5.78M	214.04M	-119.51M
Earnings From Equity Investments	14.14M	-144.35M	-136.16M	—	—
Gain (Loss) on Sale of Investments	-17.89M	-67.16M	-392.22M	—	—
Gain Invest Rev	—	—	—	-75.25M	37.11M
Currency Exchange Gain (Loss)	-0.90M	0.24M	-9.94M	25.65M	5.90M
Currency Gains CM	-0.90M	0.24M	-9.94M	25.65M	5.90M
Expenses & Provisions
Cost Of Services Provided	98.27M	113.11M	118.27M	86.11M	75.99M
Other Operating Expenses	—	—	—	11.91M	2.44M
Total Operating Expenses CM	107.83M	177.87M	178.59M	275.55M	282.93M
Other Non Oper Exp CM	-526.45M	43.02M	38.92M	16.41M	-53.23M
Other Non Operating Income (Expenses)	-526.55M	43.02M	9.63M	—	-53.23M
Provision for Loan Losses	—	—	150.41M	—	—
Salaries and Employee Benefits	—	—	—	149.62M	158.61M
Asset Writedown	—	—	-50.49M	-86.06M	-2.71M
Impairment of Goodwill	—	—	-364.74M	—	—
Profitability & Returns
EBT Excluding Unusual Items	-31.16M	-266.14M	-348.25M	81.99M	-139.84M
Pretax Income	0.17B	-0.33B	-1.11B	0.01B	-0.15B
Operating Income	482.05M	-165.05M	-241.07M	39.93M	-92.51M
Operating Margin	+81.7%	-1,288.0%	—	+12.7%	-48.6%
Profit Margin	+26.5%	-2,334.5%	—	-42.9%	+12.7%
Net Income	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Income to Common	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Income to Company	0.15B	-0.32B	-1.15B	-0.12B	0.07B
Net Income Growth	—	—	—	—	-80.7%
Earnings From Continuing Ops.	0.15B	-0.32B	-1.15B	0.01B	-0.15B
Earnings From Discontinued Ops.	—	—	—	-132.60M	217.80M
Minority Interest in Earnings	4.12M	22.03M	248.05M	-12.71M	-46.70M
Income Tax Expense	13.36M	-12.10M	40.85M	—	—
Effective Tax Rate	+8.1%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.04	-0.12	-0.36	-0.05	0.01
EPS (Diluted)	0.04	-0.12	-0.36	-0.05	0.01
EPS Growth	—	—	—	—	-80.7%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	0.54	—	—	—	—
Shares Outstanding (Basic)	3.91B	2.54B	2.54B	2.54B	2.54B
Shares Outstanding (Diluted)	3.91B	2.54B	2.54B	2.54B	2.54B
Free Cash Flow	-35.79M	53.59M	262.41M	5.38M	267.98M
Free Cash Flow Margin	-6.1%	+418.1%	—	+1.7%	+140.7%
Free Cash Flow Per Share	-0.01	0.02	0.10	0.00	0.11
Payout Ratio	—	—	—	—	+585.5%
Supplemental
Int Exp CM	32.44M	76.68M	77.08M	109.67M	41.90M
Int Inc CM	—	0.64M	3.60M	—	—
Net Int Inc CM	-32.44M	-76.04M	-73.48M	-109.67M	-41.90M
Other Unusual Suppl CM	214.78M	—	41.86M	-0.30M	-4.32M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	589.88M	12.82M	-62.48M	315.47M	190.42M
Operating Income	482.05M	-165.05M	-241.07M	39.93M	-92.51M
Interest Income	0.11M	0.64M	29.29M	16.41M	—
Pretax Income	0.17B	-0.33B	-1.11B	0.01B	-0.15B
Income Tax	13.36M	-12.10M	40.85M	—	—
Net Income	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Interest Income	-32.44M	-76.04M	-73.48M	-109.67M	-41.90M
Broker Commission	—	—	—	273.00M	295.71M
EPS (Basic)	0.04	-0.12	-0.36	-0.05	0.01
EPS (Diluted)	0.04	-0.12	-0.36	-0.05	0.01
DPS	—	—	—	—	—
Margins & Efficiency
Net Margin %	+26.5%	-2,334.5%	+1,451.2%	-42.9%	+12.7%
Revenue & Income
Revenue	589.88M	12.82M	-62.48M	315.47M	190.42M
Revenue as Reported	81.95M	88.85M	161.42M	504.81M	242.48M
Revenue Growth (YoY)	+4,503.0%	—	—	+65.7%	-45.6%
Revenues Before Loan Losses	589.88M	12.82M	87.93M	315.47M	190.42M
Broker Commission	—	—	—	273.00M	295.71M
Asset Mgmt Fee	600.42M	80.90M	140.78M	—	—
Inv Banking Fee	17.25M	0.39M	2.19M	6.08M	13.10M
Trade Principal	4.61M	6.72M	12.67M	7.28M	5.92M
Interest & Investment Income	0.11M	—	29.29M	16.41M	—
Other Revenue CM	0.05M	0.84M	5.78M	214.04M	-119.51M
Earnings From Equity Investments	14.14M	-144.35M	-136.16M	—	—
Gain (Loss) on Sale of Investments	-17.89M	-67.16M	-392.22M	—	—
Gain Invest Rev	—	—	—	-75.25M	37.11M
Currency Exchange Gain (Loss)	-0.90M	0.24M	-9.94M	25.65M	5.90M
Currency Gains CM	-0.90M	0.24M	-9.94M	25.65M	5.90M
Expenses & Provisions
Cost Of Services Provided	98.27M	113.11M	118.27M	86.11M	75.99M
Other Operating Expenses	—	—	—	11.91M	2.44M
Total Operating Expenses CM	107.83M	177.87M	178.59M	275.55M	282.93M
Other Non Oper Exp CM	-526.45M	43.02M	38.92M	16.41M	-53.23M
Other Non Operating Income (Expenses)	-526.55M	43.02M	9.63M	—	-53.23M
Provision for Loan Losses	—	—	150.41M	—	—
Salaries and Employee Benefits	—	—	—	149.62M	158.61M
Asset Writedown	—	—	-50.49M	-86.06M	-2.71M
Impairment of Goodwill	—	—	-364.74M	—	—
Profitability & Returns
EBT Excluding Unusual Items	-31.16M	-266.14M	-348.25M	81.99M	-139.84M
Pretax Income	0.17B	-0.33B	-1.11B	0.01B	-0.15B
Operating Income	482.05M	-165.05M	-241.07M	39.93M	-92.51M
Operating Margin	+81.7%	-1,288.0%	—	+12.7%	-48.6%
Profit Margin	+26.5%	-2,334.5%	—	-42.9%	+12.7%
Net Income	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Income to Common	156.48M	-299.16M	-906.64M	-135.20M	24.24M
Net Income to Company	0.15B	-0.32B	-1.15B	-0.12B	0.07B
Net Income Growth	—	—	—	—	-80.7%
Earnings From Continuing Ops.	0.15B	-0.32B	-1.15B	0.01B	-0.15B
Earnings From Discontinued Ops.	—	—	—	-132.60M	217.80M
Minority Interest in Earnings	4.12M	22.03M	248.05M	-12.71M	-46.70M
Income Tax Expense	13.36M	-12.10M	40.85M	—	—
Effective Tax Rate	+8.1%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.04	-0.12	-0.36	-0.05	0.01
EPS (Diluted)	0.04	-0.12	-0.36	-0.05	0.01
EPS Growth	—	—	—	—	-80.7%
Dividend Per Share	—	—	—	—	—
Shares Change (YoY)	0.54	—	—	—	—
Shares Outstanding (Basic)	3.91B	2.54B	2.54B	2.54B	2.54B
Shares Outstanding (Diluted)	3.91B	2.54B	2.54B	2.54B	2.54B
Free Cash Flow	-35.79M	53.59M	262.41M	5.38M	267.98M
Free Cash Flow Margin	-6.1%	+418.1%	—	+1.7%	+140.7%
Free Cash Flow Per Share	-0.01	0.02	0.10	0.00	0.11
Payout Ratio	—	—	—	—	+585.5%
Supplemental
Int Exp CM	32.44M	76.68M	77.08M	109.67M	41.90M
Int Inc CM	—	0.64M	3.60M	—	—
Net Int Inc CM	-32.44M	-76.04M	-73.48M	-109.67M	-41.90M
Other Unusual Suppl CM	214.78M	—	41.86M	-0.30M	-4.32M