Dubai – Mubasher: Shuaa Capital shifted to net profits after corporate tax valued at AED 217.12 million in the first half (H1) of 2025, against net losses of AED 125.61 million in H1-24.

Earnings per share attributable to the owners hit AED 0.06 as of 30 June 2025, compared to a loss per share of 0.05 in H1-24, according to the financial results.

Total revenues declined to AED 48.97 million in H1-25 from AED 50.11 million in the first six months (6M) of 2024.

Results for Q2

In the second quarter (Q2) of 2025, the DFM-listed company also turned profitable at AED 22.10 million, versus net losses of AED 30.88 million in Q2-24.

The revenues increase to AED 23.29 million in Q2-25 from AED 19.92 million a year earlier.

Meanwhile, the group’s accumulated losses totaling AED 888 million at the end of June 2025, representing 24.26% of the capital.

Badr Salim Al Olama, Chairman of Shuaa Capital, said: “This remarkable turnaround demonstrates the effectiveness of our strategic actions and the resilience of Shuaa’s business model. We are committed to sustaining this momentum and driving value creation for our shareholders.”

Wafik ben Mansour, Group CEO of Shuaa Capital, commented: “Delivering two consecutive profitable quarters and a solid first-half result is a clear signal that Shuaa is back on track. With a leaner cost base and a focused growth strategy, we are well positioned to capture new opportunities and enhance shareholder returns.”

As of 31 March 2025, Shuaa Capital swung into net profits amounting to AED 195.02 million, against net losses valued at AED 94.73 million in Q1-24.