Investcorp Capital Reports Resilient H1 FY26 Results And Interim Dividend Of AED 202 Million

Investcorp Capital reported second-quarter and first-half fiscal 2026 results with higher income, steady profit and a confirmed dividend path. The figures showed continued resilience, keeping the Company on track to distribute an 8% dividend on opening net asset value for FY2026.

The results covered the six months ending 31 December 2025, referred to as H1 FY26. During this period, Investcorp Capital expanded its asset portfolio to $1.96 billion. Management highlighted that disciplined deployment into selected opportunities supported income generation and sustained value creation for shareholders.

Total operating income for H1 FY26 reached $52 million, compared with $45 million in H1 FY25, an increase of 16% year-on-year. Net profit for the six-month period was $27 million, broadly unchanged from the previous year. Operating expenses were lower at $4 million, which supported profitability and reflected cost discipline.

Within operating income, underwriting revenue in H1 FY26 was $24 million, which was $1 million lower than the same period a year earlier. This activity still generated an annualised effective yield of 10%. Co-investment revenue increased to $25 million from $17 million, a 47% rise year-on-year, highlighting stronger contribution from this area.

Investcorp Capital H1 FY26 financial results dividends and policy

The Board declared an interim dividend of AED 0.092 per share, equal to $0.025 per share, for H1 FY26. The payout amounts to $55 million in total, or around AED 202 million, and represents half of the full-year dividend target. For comparison, the interim dividend for the period to 31 December 2024 was AED 0.094 or $0.026 per share, totalling $56 million. The current dividend policy, which runs until the end of June 2026, remains unchanged.

Sana Khater, Chief Executive Officer, Investcorp Capital, said, "We are pleased to report strong results in H1 FY26. ICAP continues to deliver one of the higher dividend profiles on the Abu Dhabi SecuritiesExchange (ADX) and we remain committed to maintaining a competitive dividend payout going forward. Our portfolios continued to perform well, with co-investment revenue up 47% year-on-year. This demonstrates the strength and scalability of our business model as we continue to leverage our global pipeline to generate shareholder value."

The H1 FY26 performance showed that Investcorp Capital maintained stable profitability while growing its asset base and supporting a high dividend profile on the Abu Dhabi Securities Exchange. The mix of underwriting and co-investment income, together with controlled expenses and a clear dividend policy through June 2026, indicated continued focus on shareholder returns.

With inputs from WAM