Waha Capital, an Abu Dhabi-listed investment management firm (ADX: WAHA), delivered a landmark year in FY 2025, posting a net profit attributable to shareholders of AED 1.012 billion. The strong performance was driven by increased fee income, realised gains across portfolio assets, and disciplined capital allocation.
The company recorded total income of AED 1,897 million, reflecting a combination of realised investment gains, fair-value uplifts, and a growing recurring fee income base. Contributions from all three business pillars, combined with ongoing cost discipline and reduced finance costs from balance sheet deleveraging, supported these results.
As of 31 December 2025, Waha Capital’s total assets were reported under Investment Entity accounting, measuring investments at fair value rather than consolidating them line by line. The group’s office launch in ADGM during the year further strengthened its position as a leading Abu Dhabi-based investment platform, enhancing institutional engagement, regulatory credibility, and access to third-party capital.
Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, said: “In 2025, Waha Capital achieved one of its strongest financial performances in recent years, with net profit surpassing AED 1 billion. This milestone reflects the disciplined execution of our long-term investment strategy and capital allocation approach. Waha Investments continued to outperform, private investments achieved highly profitable divestments, and Waha Land monetised completed assets while unlocking new development opportunities.”
Mohamed Hussain Al Nowais, Managing Director, added: “All three of our business pillars contributed to this strong performance. Waha Investments maintained its track record of fund outperformance while expanding third-party mandates and fee income. Looking ahead, we remain focused on sustaining fund performance, scaling third-party mandates, redeploying capital into priority sectors like healthcare and real estate, and building scalable platforms to support long-term growth.”
