New Risk • May 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Cash payout ratio: 302% Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: US$0.004 (vs US$0.006 in 3Q 2025) Third quarter 2026 results: EPS: US$0.004 (down from US$0.006 in 3Q 2025). Revenue: US$20.0m (down 17% from 3Q 2025). Net income: US$8.00m (down 39% from 3Q 2025). Profit margin: 40% (down from 54% in 3Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in Asia. Announcement • Apr 29
Investcorp Capital plc to Report Q3, 2026 Results on Apr 30, 2026 Investcorp Capital plc announced that they will report Q3, 2026 results on Apr 30, 2026 Announcement • Apr 23
Investcorp Capital plc (ADX : ICAP) acquired Senior Living and Multifamily Properties in Gateway Markets for $200 million. Investcorp Capital plc (ADX : ICAP) acquired Senior Living and Multifamily Properties in Gateway Markets for $200 million on April 21, 2026.
Investcorp Capital plc (ADX : ICAP) completed the acquisition of Senior Living and Multifamily Properties in Gateway Markets for $200 million on April 21, 2026. Declared Dividend • Feb 14
Dividend of د.إ0.092 announced Shareholders will receive a dividend of د.إ0.092. Ex-date: 20th February 2026 Payment date: 12th March 2026 Dividend yield will be 12%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) nor is it covered by cash flows (189% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. EPS is expected to grow by 83% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Feb 14
Investcorp Capital plc Approves Dividend for Six-Month Period Ending December 31, 2025, Payable on 12 March 2026 Investcorp Capital plc at its board meeting held on February 11, 2025, approved the proposed payment of an interim dividend of USD 54,926,220 (equivalent to AED 201,618,184), amounting to USD 0.025 per share (equivalent to AED 0.092 per share) for the six-month period ending December 31, 2025 to the holders of the Company's Ordinary Shares issued and outstanding ("Dividend"). Last entitlement date: 19th February 2026; Date of exclusion from the dividend distribution (Ex-Dividend Date): 20th February 2026; Registry Closing Date: 23 February 2026; Payment Date: 12 March 2026. Announcement • Feb 06
Investcorp Capital plc to Report First Half, 2026 Results on Feb 11, 2026 Investcorp Capital plc announced that they will report first half, 2026 results on Feb 11, 2026 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to د.إ1.63, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Capital Markets industry in Asia. Total loss to shareholders of 7.2% over the past year. Announcement • Dec 05
Investcorp Capital plc (ADX:ICAP) acquired Diversified Portfolio of Industrial Assets in Eastern And Western U.S. for $400 million. Investcorp Capital plc (ADX:ICAP) acquired Diversified Portfolio of Industrial Assets in Eastern And Western U.S. for $400 million on December 4, 2025.
Investcorp Capital plc (ADX:ICAP) completed the acquisition of Diversified Portfolio of Industrial Assets in Eastern And Western U.S. on December 4, 2025. Reported Earnings • Nov 12
First quarter 2026 earnings released: EPS: US$0.006 (vs US$0.005 in 1Q 2025) First quarter 2026 results: EPS: US$0.006 (up from US$0.005 in 1Q 2025). Revenue: US$24.0m (up 20% from 1Q 2025). Net income: US$12.0m (flat on 1Q 2025). Profit margin: 50% (down from 60% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Capital Markets industry in Asia. Announcement • Nov 05
Investcorp Capital plc to Report Q1, 2026 Results on Nov 10, 2025 Investcorp Capital plc announced that they will report Q1, 2026 results on Nov 10, 2025 Announcement • Oct 21
Investcorp Capital plc Approves Interim Dividends for the Six Months Ended June 30, 2025, Payable on 19 November 2025 Investcorp Capital plc at its annual general meeting on 20 October 2025, approved the Board of Directors' proposal regarding the distribution of dividends to holders of outstanding 2,191,502,000 Ordinary Shares in accordance with the Terms and Conditions of issue of said shares for the six (6) months period ended June 30, 2025 in the aggregate amount of USD 56,298,932, equivalent to AED 206,617,082 (USD 0.03 per share or AED 0.094 per share), and ratified the distribution of interim dividends for the first six (6) months of the Company's fiscal year ended June 30, 2025 in the aggregate amount of USD 56,298,932, equivalent to AED 206,617,082, as approved by the Board on February 10, 2025. As such, it is important for shareholders to take note of the following dates: Last entitlement date: 28th October 2025, Date of exclusion from the dividend distribution (Ex-Dividend Date): 29th October 2025, Registry Closing Date: 30th October 2025 and Payment Date: 19th November 2025. Upcoming Dividend • Oct 20
Upcoming dividend of د.إ0.094 per share Eligible shareholders must have bought the stock before 27 October 2025. Payment date: 19 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Emirian dividend payers (6.3%). Higher than average of industry peers (4.5%). Reported Earnings • Sep 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$0.037 (down from US$0.051 in FY 2024). Revenue: US$124.0m (down 6.1% from FY 2024). Net income: US$81.0m (down 23% from FY 2024). Profit margin: 65% (down from 80% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in Asia. Announcement • Sep 16
Investcorp Capital plc to Report Fiscal Year 2025 Results on Sep 18, 2025 Investcorp Capital plc announced that they will report fiscal year 2025 results on Sep 18, 2025 Major Estimate Revision • May 21
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$133.7m to US$137.2m. EPS estimate increased from US$0.05 to US$0.058 per share. Net income forecast to grow 40% next year vs 12% growth forecast for Capital Markets industry in United Arab Emirates. Consensus price target of د.إ2.27 unchanged from last update. Share price fell 3.6% to د.إ1.59 over the past week. Reported Earnings • May 13
Third quarter 2025 earnings released: US$0.006 loss per share (vs US$0.007 profit in 3Q 2024) Third quarter 2025 results: US$0.006 loss per share (down from US$0.007 profit in 3Q 2024). Revenue: US$24.0m (up 4.3% from 3Q 2024). Net income: US$13.0m (down 13% from 3Q 2024). Profit margin: 54% (down from 65% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in Asia. Announcement • May 08
Investcorp Capital plc to Report Nine Months, 2025 Results on May 12, 2025 Investcorp Capital plc announced that they will report nine months, 2025 results on May 12, 2025 Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.061 to US$0.05. Revenue forecast unchanged from US$133.7m at last update. Net income forecast to grow 26% next year vs 15% growth forecast for Capital Markets industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ2.30. Share price was steady at د.إ1.69 over the past week. Declared Dividend • Feb 13
Dividend of د.إ0.094 announced Shareholders will receive a dividend of د.إ0.094. Ex-date: 19th February 2025 Payment date: 12th March 2025 Dividend yield will be 9.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) nor is it covered by cash flows (196% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 41% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 18
First quarter 2025 earnings released: EPS: US$0.005 (vs US$0.007 in 1Q 2024) First quarter 2025 results: EPS: US$0.005 (down from US$0.007 in 1Q 2024). Revenue: US$20.0m (up 5.3% from 1Q 2024). Net income: US$12.0m (down 7.7% from 1Q 2024). Profit margin: 60% (down from 68% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Capital Markets industry in Asia. Announcement • Nov 09
Investcorp Capital plc to Report Q1, 2025 Results on Nov 12, 2024 Investcorp Capital plc announced that they will report Q1, 2025 results on Nov 12, 2024 Reported Earnings • Sep 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$0.051 (down from US$0.06 in FY 2023). Revenue: US$132.0m (up 4.8% from FY 2023). Net income: US$105.0m (down 7.1% from FY 2023). Profit margin: 80% (down from 90% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Capital Markets industry in Asia. Announcement • Sep 05
Investcorp Capital plc to Report Fiscal Year 2024 Results on Sep 09, 2024 Investcorp Capital plc announced that they will report fiscal year 2024 results on Sep 09, 2024 Major Estimate Revision • May 22
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$122.9m to US$103.3m. EPS estimate fell from US$0.06 to US$0.038 per share. Net income forecast to grow 3.3% next year vs 20% growth forecast for Capital Markets industry in United Arab Emirates. Consensus price target broadly unchanged at د.إ2.33. Share price was steady at د.إ2.06 over the past week. Announcement • May 10
Investcorp Capital plc to Report Q3, 2024 Results on May 13, 2024 Investcorp Capital plc announced that they will report Q3, 2024 results on May 13, 2024 Reported Earnings • Feb 14
Second quarter 2024 earnings released Second quarter 2024 results: EPS: US$0.011. Net income: US$21.0m (up US$21.0m from 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Capital Markets industry in Asia. Announcement • Feb 09
Investcorp Capital plc to Report First Half, 2024 Results on Feb 11, 2024 Investcorp Capital plc announced that they will report first half, 2024 results on Feb 11, 2024 Announcement • Nov 22
Investcorp Capital plc Announces Appointment of Peter Mckellar as Non-Executive Director Investcorp Capital plc announced appointment of Peter Mckellar as non-executive Director with effect from 17 November 2023. Reported Earnings • Nov 20
Full year 2023 earnings released Full year 2023 results: Revenue: US$117.0m (up 18% from FY 2022). Net income: US$113.0m (up 30% from FY 2022). Profit margin: 97% (up from 88% in FY 2022). The increase in margin was primarily driven by lower expenses.