Waha Capital's net profits plunge 44% in Q1-25
Abu Dhabi: Waha Capital generated AED 157.52 million in the first quarter (Q1) of 2025, lower by 44% than AED 281.08 million in Q1-24.
The company generated revenues amounting to AED 329.86 million as of 31 March 2025, down 29% year-on-year (YoY) from AED 464.75 million, according to the financial results.
Basic and diluted earnings per share (EPS) declined to AED 0.04 in Q1-25 from AED 0.08 a year earlier.
Mohamed Hussain Al Nowais, Managing Director of Waha Capital, stated that the group delivered robust growth in Q1-25, posting net profit of AED 81 million and maintaining a healthy return on average equity of 7.80%.
'Waha Investment and its funds continued to attract strong global institutional interest, with third-party assets under management rising to AED 7.20 billion from AED 6 billion a year earlier,' Hussain added.
He concluded: 'This growth drove Waha Capital's total assets under management [AUM] to AED 12.30 billion by the end of Q1-25 – an 11% increase from AED 11.10 billion a year ago - underscoring investor confidence in our track record and approach.'
Last year, the net profits attributable to the shareholders of Waha Capital dropped by 13.40% to AED 381.27 million from AED 440.10 million in 2023.
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