Dubai – Mubasher: Shuaa Capital turned profitable at AED 195.02 million in the first quarter (Q1) of 2025, against net losses valued at AED 94.73 million in Q1-24.
Earnings per share (EPS) attributable to owners hit AED 0.05 as of 31 March 2025, compared to a loss per share of AED 0.03 a year earlier.
Total revenues shrank to AED 25.67 million in the first three months (3M) of 2025 from AED 30.18 million in Q1-24.
As for the accumulated losses, the DFM-listed firm reported total losses of AED 932 million in Q1-25, representing 25.47% of the capital.
Badr Salim Al Olama, Chairman of Shuaa Capital, said: “We are pleased with the progress made in Q1 2025, and the successful completion of our capital optimization 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 added.
Wafik ben Mansour, Group CEO of Shuaa Capital, said: “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.”
In 2024, Shuaa Capital reported lower net losses at AED 288.60 million, compared to AED 906.60 million in 2023.
