Investcorp Capital achieved a net profit of $105 million for the fiscal year ended on June 30, 2024, compared to $113 million in 2023.

Overall, the Company has approved a total of $115 million in dividends of which $60 million has been paid, representing an annualised return of 13% for public shareholders since listing, meeting its commitment to deliver a minimum 8% dividend yield.

The company’s gross operating income was $132 million compared to $126 million in 2023, Investcorp Capital plc, said in a statement on Tuesday to the Abu Dhabi Securities Exchange, where its shares are traded.

Investcorp Capital plc’s total assets for 2024 were $1,751 million compared to $1,426 million in 2023.

Mohammed Alardhi, Chairman of Investcorp Capital, commented, “We are pleased to deliver a strong inaugural set of full year results since our listing in November 2023, achieving a net profit of $105 million. During the period, we have paid our dividend distribution in line with our commitment to investors and have expanded into the infrastructure asset class, as seen through our redevelopment project at New York’s JFK International Airport Terminal 6. I’d like to thank all our shareholders for their support as we mark our first full year results as a listed company. I would also like to thank Abu Dhabi Securities Exchange, ADX, for their world-class business regulatory environment.”

Rohit Nanda, Chief Financial Officer of Investcorp Capital, added, “In our first year as a publicly listed company on the Abu Dhabi Securities Exchange, we have outperformed our targets. Our balance sheet continues to be robust and well diversified with 70% invested in cash-generating assets. Our strong results were driven by an overall increase in Capital Financing Services and Capital Deployment revenues by 9% to $49 million and an increase in revenue from Capital Deployment to $76 million.”

WAM