Abu Dhabi – Mubasher: Investcorp Capital reported stable net profit after tax at $27 million in the first half (H1) of fiscal year (FY) 2025/2026 when compared to $28 million in H1-24/25, according to the consolidated income statement.
The basic and diluted earnings per share (EPS) went down to 1.24 cents in the first six months (6M) that ended on 31 December 2025 from 1.28 cents in the same period a year earlier.
The total assets surged to $1.95 billion as of 31 December 2025 from $1.90 billion as of 30 June 2025, which marked the end of FY24/25.
Meanwhile, revenue from underwriting activities, capital financing services, stood at $24 million in H1-25/26 when compared with $25 million in H1-24/25.
Second Quarter Results
In the second quarter (Q2) of FY25/26, Investcorp Capital posted net profits after tax worth $15 million, compared to $16 million in Q2 that ended on 31 December 2024.
The EPS declined to 0.69 cents in the three-month period as of 31 December 2025, compared to 0.73 cents in the corresponding Q2 of FY24/25.
Revenue from underwriting activities decreased to $13 million during October-December 2025 from $14 million in Q2-24/25.
Cash Dividends
In its meeting, Investcorpo board approved the proposed payment of an interim dividend of $54.92 million that is equivalent to AED 201.61 million for H1-25/26.
An amount of $0.025 per share that is equivalent to AED 0.092 per share will be distributed for the six-month period that ended on 31 December 2025.
The company noted: “This represents half of the company’s targeted full-year dividend and is in line with the company’s current dividend policy, which remains in effect through the end of June 2026.”
The last entitlement date will be 19 February, while the dividends will be paid on 12 March 2026.
Commentary on Interim Results
Commenting on the six-month financial results, CEO of Investcorp Capital, Sana Khater, said: “ICAP [Investcorp Capital] continues to deliver one of the higher dividend profiles on the ADX and we remain committed to maintaining a competitive dividend payout going forward.”
Khater noted: “Our portfolios continued to perform well, with co-investment revenue up 47% year-on-year (YoY). This demonstrates the strength and scalability of our business model as we continue to leverage our global pipeline to generate shareholder value.”
Meanwhile, Rohit Nanda, the Chief Financial Officer, stated: “H1 results showcase our financial discipline and strategic growth trajectory. With total assets now at $1.96 billion and co-investments representing 68% of our balance sheet, we continue to successfully scale our core income-generating activities.”
Nanda added: “This combined with the 20% reduction in operating expenses demonstrating our operational efficiency, enables us to maintain our competitive dividend payouts.”
It is worth noting that in Q1-25/26, Investcorp Capital registered net profits worth $12 million, with total assets reaching $1.93 billion as of 30 September 2025.
