Investcorp Capital Sets $115 Million In Dividends After Strong Fiscal Year

Investcorp Capital reported a net profit of $105 million for the fiscal year ending June 30, 2024. This is a decrease from the $113 million recorded in 2023. The company announced a total dividend of $115 million, with $60 million already distributed. This represents an annualised return of 13% for public shareholders since its listing, fulfilling its promise of at least an 8% dividend yield.

Gross operating income for Investcorp Capital was $132 million in 2024, up from $126 million in the previous year. The company's total assets reached $1,751 million in 2024, compared to $1,426 million in 2023. These figures were disclosed in a statement to the Abu Dhabi Securities Exchange (ADX), where its shares are traded.

Rohit Nanda, Chief Financial Officer of Investcorp Capital, highlighted the company's achievements as a publicly listed entity on ADX. He stated, "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."

The company has successfully expanded into new asset classes during this period. One notable project includes the redevelopment of Terminal 6 at New York’s JFK International Airport.

Mohammed Alardhi, Chairman of Investcorp Capital, expressed satisfaction with the company's performance since its listing in November 2023. He said, "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."

The company's financial health is underscored by its diverse and robust balance sheet. With significant investments in cash-generating assets, Investcorp Capital has demonstrated resilience and growth potential.

Overall, these results reflect Investcorp Capital's strategic initiatives and commitment to delivering value to its shareholders while expanding its investment portfolio.

With inputs from WAM