Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025').
Q3 2025 Highlights:
• YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million.
• $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate.
• Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024.
• Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets.
• Strong cash distributable earnings.
Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.'
Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our business.The balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.'
Operational Highlights:
In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals.
Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America.
Capital Deployment:
The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure.
Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital.
Capital Financing Services:
Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs.
Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million.
Outlook:
The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
14-05-2025
- Mid East Info
Ground Handling Priorities: Safety, Baggage, Global Standards and Sustainability
The International Air Transport Association (IATA) highlighted four priorities for ground handling at the IATA Ground Handling Conference (IGHC) which opened in Nairobi today hosted by Kenya Airways: Embedding safety in every action Driving global standardization Enhancing baggage operations Building a sustainable and inclusive future 'Ground handling is essential for aviation. It ensures safety, enables efficiency, and shapes the passenger experience. As the complexity of today's operating environment increases—tighter turnarounds, regulatory pressure, and the drive to decarbonize—the industry must come together to embed safety in every action, accelerate global standardization, and build a more sustainable and inclusive way forward,' said Monika Mejstrikova, IATA's Director of Ground Operations. Embedding Safety in Every Action Safety is aviation's top priority. IATA highlighted three key areas of action to enhance safety and performance in ground handling: Using Data to Improve Safety: 'For the first time, we've included ground-related fatalities involving aircraft in our global safety taxonomy. This gives us a clearer picture of the risks—and the data to act on them. Insights from IATA's Incident Data Exchange (IDX) and Accident Data Exchange (ADX) programs have already driven targeted updates to safety procedures in the Ground Operations Manual. The message is clear: the more data we share, the safer we become,' said Mejstrikova. Data from IDX and ADX has driven key safety updates to the Ground Operations Manual (IGOM), including clearer no-touch zones, mandatory brake checks, safer pushback procedures, and improved protocols for aircraft with inoperative Auxiliary Power Units (APUs) or hot brakes. Fire safety, chock placement, and sensor requirements were also enhanced. These changes are targeted, data-driven actions—and their impact depends on broad industry participation. IATA urges more airlines and ground handlers to contribute safety events data to help make ground handling even safer. Transition to Enhanced Ground Service Equipment (GSE) Enhanced GSE, equipped with proximity sensors, is a game changer for ramp safety. To drive adoption, IATA launched the Enhanced GSE Recognition Program in 2024. Since then, 98 ground handling fleets have been registered and 28 stations recognized. From April 2025, declarations will be mandatory at all ISAGO-accredited locations, with expanded criteria to include mobility equipment. 'The adoption of Enhanced GSE is a practical step toward reducing ground damage and improving safety on the ramp. It's a clear example of how smarter equipment leads to safer operations,' said Mejstrikova. Adoption of IATA's X565 Standard to Improve Accuracy of Weight and Balance Data Accurate weight and balance data is essential for safe, efficient turnarounds. IATA's new X565 standard automates data exchange, with early adoption by airlines including Lufthansa Group and Flydubai, with support from Boeing and Airbus. IATA is also finalizing the Electronic Load Instruction and Reconciliation (ELIR) standard, set for release this year, with early results showing fewer errors and delays. 'Digitalizing weight and balance is one of the most effective ways to enhance turnaround safety and reliability. We urge more airlines, handlers, and manufacturers to adopt these standards and help accelerate safer, smarter operations,' said Mejstrikova. Global Standardization of Processes: Global standards are the foundation for safe and efficient operations. Three key tools for ground handling service providers (GHSPs) are the Ground Operations Manual (IGOM) and the IATA Safety Audit for Ground Operations (ISAGO). ISAGO: In 2024, ISAGO reached a record 400 station accreditations, with over 170 airlines using audit reports and more than 50 regulators and airports integrating ISAGO into their oversight frameworks. This helped avoid 545 internal audits, streamline 359 procurement decisions, and reduce audit time at 350 stations—delivering USD 8.7 million in combined savings for airlines and GHSPs. An enhanced ISAGO model will launch in mid-2025, featuring single-auditor audits, remote documentation checks, updated checklists, and reduced fees. IGOM: To support IGOM adoption, the new Operational (OPS) Portal – formerly the IGOM portal is now used by 221 airlines and 259 ground handlers for gap analysis and benchmarking, with expanded functionality covering training, safety, and cargo handling. Broader participation in these tools will multiply their value across the industry. OPS portal membership includes over 240 airline members, 322 GHSPs, and there have been 312 published gap analyses. Enhancing Baggage Operations: Baggage operations are being modernized under a 10-year Global Baggage roadmap focused on digital messaging, end-to-end tracking, and automation. This includes support for Resolution 753 implementation, fraud prevention tools, and updates to key baggage standards. Together, these initiatives will help create a safer and more seamless passenger experience. 'Modern baggage operations are central to the passenger journey. The Global Baggage roadmap will move us closer to the automated digital baggage services that travelers want,' said Mejstrikova. Building a Sustainable and Inclusive Way Forward: Building a sustainable and inclusive way forward is a key priority for ground operations. Industry priorities include: Electrifying Ground Support Equipment (GSE): GSE can cut emissions by up to 48% per turnaround. To support this shift, IATA has published guidance covering operational planning, battery management, infrastructure readiness, and safety—alongside economic modelling tools for smarter investment decisions. Accessibility: Ensuring accessibility is embedded across the journey is an industry priority. IATA is working with regulators and manufacturers to improve handling guidance for over 400 types of mobility aids—many powered by lithium batteries. Baggage Operations: Baggage operations are also being modernized under a 10-year roadmap focused on digital messaging, end-to-end tracking, and automation. This includes support for Resolution 753 implementation, fraud prevention tools, and updates to key baggage standards. Together, these initiatives will help create a safer and more seamless passenger experience.
Mid East Info
13-05-2025
- Mid East Info
Investcorp Capital Achieves Net Profit of $41 million through the first three quarters of its fiscal year ‘25
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its financial results for the third quarter of fiscal year 2025 covering the period ended 31 March 2025 ('Q3 2025'). Q3 2025 Highlights: • YTD $71 million of cash distributable earnings, representing 82% growth quarter-on-quarter, underpinned by YTD FY'25 Net profit of $41 million, including Q3 2025 Net Profit of $13 million. • $1.2 billion deployed across Capital Financing Services and Capital Deployment with total realizations of $824 million, through solid syndication activity and several successful exits including RESA Power in Private Equity and US National I Portfolio in Real Estate. • Capital deployment exposure as a percentage of long-term capital at 90%, up from 66% in June 2024. • Healthy balance sheet reflecting a diversified portfolio with 62% invested in yield generating assets. • Strong cash distributable earnings. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital, commented: 'The progress made this quarter is a continuation of Investcorp's 4-decade track record of solid performance through economic cycles, and demonstrates our commitment to delivering returns to investors, with an 82% increase in quarter-on-quarter cash distributable earnings. We have seen good business activity this year and unlocked value notably through the successful sale of RESA Power and the US National I Portfolio. Going forward, we will continue to target a diverse range of investment opportunities with the potential for strong returns on investment.' Rohit Nanda, Chief Financial Officer of Investcorp Capital, commented: 'We are pleased with the progress made so far this year, with total assets growing by 22% to $2.2 billion, up from $1.8 billion in June 2024, as we continue to grow our balance sheet is healthy and our high cash generation supports our commitment to deliver the 8% annualized dividend payment at the end of the fiscal year.' Operational Highlights: In April, with the sale of the US National I Portfolio for an aggregate sale price of $360 million, the Company realized an approximate 40% increase in value over its initial purchase price, in addition to the rental distributions received during the hold period. The portfolio was sold to take advantage of the vibrant capital markets for industrial assets in the US and strong property operating fundamentals. Similarly, the sale of RESA Power generated strong returns. Since Investcorp's acquisition in 2021, RESA Power grew its revenues and EBITDA by over 4x and today serves thousands of commercial & industrial, utility and datacenter customers across North America. Capital Deployment: The Company invested $356 million across asset classes and geographies so far in fiscal year 2025, including $237 million in structured products and $84 million in Corporate Investments across US and Europe. Co-investment in US Real Assets totaled $35 million, across Warehouse & Logistics, Student Housing and Infrastructure. Proceeds from Capital Deployment investment realizations over the period from various asset classes totaled $106 million. Of this, $54 million came from Global Credit, with distributions from Collateralized Loan Obligations (CLOs) in the US and Europe. $32 million came from Corporate Investments in US and MENA. $15 million came in ongoing rental yield distributions from multiple Real Estate portfolios in the US. $5m came from Strategic Capital. Capital Financing Services: Performance within the Capital Financing Services business continued to be strong, generating a 10% annualized return with $854 million deployed across asset classes in the last ninemonths. This was primarily driven by $482 million in Real Assets, deployed in the Diversified Data Center Portfolio, Baltimore & Minneapolis Industrial Portfolio, US Student Housing IV Portfolio and US Student Housing V Portfolio. $271million was deployed in Corporate Investments, including Miebach in Germany, PKF O'Connor Davies in the US and Epipoli in Italy. A further $101 million in Global Credit was deployed across various CLOs. Offsetting this, the Company benefited from continued solidsyndication activity from the broader Investcorp group, with $718 million of total syndication, the majority of which came from Real Assets, amounting to $465 million. Corporate Investments syndication stood at $211 million, Global Credit was $41 million, and Strategic Capital was $1 million. Outlook: The Company has made good progress fiscal year to date with continued profitability and growth on a quarter-on-quarter basis. Looking forward to the remainder of fiscal year 2025 and into 2026, the Company will continue to capitalize on the activity of 2025, looking for attractive exit and investment opportunities in line with its stated long-term objective of delivering attractive long-term returns on invested capital.
Mid East Info
30-04-2025
- Mid East Info
NMDC Group reports robust financial results for Q1 2025 - Middle East Business News and Information
Revenues at AED6.2 billion, up 16% Y-o-Y Net Profit at AED784 million, up 22% Y-o-Y First quarter of 2025 reflects the Group's consistently resilient performance, driven by an increasingly active project pipeline, group-wide business diversification and international expansion efforts NMDC Group signs an agreement with Consolidated Contractors Operations (Cyprus) Limited to establish a new company focused on onshore oil and gas, marine construction, and integrated mega infrastructure development, in full collaboration with NMDC Energy, NMDC D&M and NMDC INFRA Abu Dhabi, UAE; April 2025: NMDC Group, a global leader in engineering, procurement, construction, and marine dredging (ADX: NMDC), has reported resilient financial results for the period ending 31 March 2025. The Group achieved 22% year-on-year increase in net profit for the quarter, from AED 641 million in Q1 2024 to AED 784 million in Q1 2025. Revenues climbed to AED 6.2 billion, up 16% year-on-year from the corresponding period of 2024. Earnings per share rose 12 % to AED 0.87, and total assets stood at AED 32.7 billion at the end of March 2025. By the end of the quarter, NMDC Group's backlog stood at AED 75.4 billion, with a healthy pipeline of projects. During Q1 2025, NMDC Group marked several strategic milestones, which included the inauguration of an advanced 400,000 sqm state-of-the-art yard fabrication yard in Ras Al Khair, Saudi Arabia. NMDC Group's subsidiary, NMDC Energy, was awarded/started a prestigious EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project. NMDC Group continued to build on its expertise and offering, where it signed an agreement to establish a new company 'NMDCCC' in partnership with Consolidated Contractors Operations (Cyprus) Limited 'CCC', who are a leading diversified company carrying out engineering, procurement, construction, development and investment activities internationally. Headquartered in Abu Dhabi, NMDCCC will provide a world-class, full-spectrum EPC powerhouse with unmatched global capabilities, and will operate within the UAE, with branches in Dubai and outside the UAE. Under the agreement, the new company, with an ownership structure of 50% for each of the partners, will provide end-to-end EPC services, enhancing project delivery for major National Oil Companies (NOCs) with expertise in onshore oil and gas, marine construction, and integrated mega infrastructure development. NMDCCC's capabilities will span across the construction of refineries, plants, ports, bridges, roads and industrial zones. This agreement marks a milestone towards growing NMDC Group's presence globally and in offering a full spectrum of complementary services, in full collaboration with NMDC Energy, NMDC D&M and NMDC INFRA. The new alliance with CCC aims to unlock greater potential for the Group by increasing its market share, tapping into new markets, successful execution of our growing backlog, mitigating the risk of uncertainty by securing execution capabilities and reducing turnaround time to better serve clients. His Excellency Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of the Board of Directors of NMDC Group, said: 'NMDC Group continues to build on its unstoppable momentum by delivering impressive financial results and successive strategic milestones during the first quarter of 2025. The results demonstrate how ambitious we have been, both at home and abroad, as we have inaugurated new partnerships, projects, and facilities that have brought further depth to our business. Collectively, NMDC Group's market-leading diversified businesses have also come to reflect the forward-focused aspirations of the UAE and its people, and as we look optimistically ahead, we'll continue to apply our vast capabilities in ways that will drive sustainable growth and economic progress for the UAE and further afield.' Eng. Yasser Zaghloul, CEO of NMDC Group, stated: 'We are delighted to continue our strong journey by starting 2025 strong, with our solid performance reflecting significant operational milestones as well as our ambitious pursuit of impactful growth. We can confidently say that we strengthened our position in long-standing markets and that we diversified both vertically and horizontally, as well as geographically. We are pleased to announce the launch of NMDCCC, which we believe is a milestone towards the execution of our strategy to unlock greater potential for the Group by increasing our market share, providing us with greater access into new markets, in addition to allowing us to better meet the needs of and better serve our clients.' He added: 'The notable growth in our Net Proft is a key indicator of the strength of our business as well as our market-leading capabilities, particularly how these continue to resonate across the energy and marine landscape. What is more, our success is also defined by trust, where shareholders and partners continue to value our expertise. As we look ahead, we'll continue to strengthen our vital relationships with government, client, investor, partner, and supplier stakeholders into the remainder of 2025 and beyond.' In parallel to its growth activities and financial performance, NMDC has worked hard to implement several organizational initiatives to future proof its business. The Group has welcomed successful health & safety results, it has embarked on training and development programs for its employees, it has advanced sustainability initiatives, and it has embedded innovative technologies across its business. Q1 2025 Highlights International Expansion Oman In line with the Group's Strategy that focuses on geographical diversification, NMDC Group has signed a contract for the construction of a marina project in the Sultanate of Oman, with a total value of AED 383 million. The project is expected to be completed within 15 months from the date of signing. Taiwan: NMDC Energy was awarded a prestigious EPC contract by Taiwan Power Company (Taipower) for pipeline installation, shore approach works and dredging for the Tung-Hsiao Power Plant 2nd Stage Renewal Project. The $1.136 billion project involves the design, construction and installation of 111 kilometres of linear subsea pipeline at depths ranging from 10 metres to 55 metres, stretching between Taichung and Tung-Hsiao on Taiwan's west coast. KSA: NMDC inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia. The 400,000 sqm state-of-the-art yard, part of the Ras Al Khair Special Economic Zone, boasts a production capacity of 40,000 tonnes per year and will provide offshore facilities fabrication as well as onshore modularization. NMDC Energy invested AED 200 million into its Ras Al Khair yard to provide productive, safe and environmentally sound facilities, and it will embed the latest technologies to deliver efficiencies and reduce environmental impact. Operational Updates: HSE Performance: NMDC Group achieved 28.6 million hours with zero fatalities, reaffirming its strong commitment to safety and operational excellence. This includes a significant contribution of 8.8 million manhours by NMDC Dredging & Marine. Training & Development: The Group secured Highfield International accreditation for its HSE training programs, aligning with industry standards and operational requirements to ensure workforce competence and compliance. Audits & Inspections: NMDC LTS passed the OVMS safety and marine logistics prequalification audit with zero non-compliances. It has achieved 100% completion of internal HSE audits as per the annual audit plan. IT Achievements: NMDC's Technology Hub & AI Solutions Department reached several significant milestones, including the launch and operationalization of the initial phase of ERTIQAA for end users. Additionally, the team rolled out various AI-driven solutions to enhance innovation and efficiency throughout its operations. Sustainability: NMDC has continued monitoring of GHG Inventory (Scopes 1, 2, and 3) in line with GHG Protocol. The Group has implemented solar energy systems at some projects, reducing CO₂ emissions by 210 tons per quarter and improving air quality for site personnel. In partnership with Yas SeaWorld Research Centre, NMDC Group is preparing two key marine conservation projects, one which involves green turtle tracking and another involving seagrass mapping. Quality Achievements: NMDC Group has maintained its quality management system certification to ISO 9001 and FANR accreditation. The Ras Al Khair Fabrication Yard has recently achieved certification to ISO 9001, and began the process for the subsequent prequalification 'ARAMCO's 9com' . Furthermore, the Group successfully hosted the ARAMCO 2nd Offshore Project Quality Forum. The event was attended by ARAMCO, major contractors, and equipment suppliers from around the world. Additionally, quality personnel from all business units have been certified in the training of 'ASME NQA-1 Awareness' and 'Counterfeit, Fraudulent, and Suspect Items (CFSI)'. The Group is also preparing NMDC LTS for NQA-1 audit by ENEC. Meanwhile, NMDC Construction completed the ADQCC recertification audit and retained its certification.
