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Maintains one of the strongest dividend profiles on the ADX alongside continued Income Growth and Stable Profitability

Abu Dhabi, United Arab Emirates, November 11, 2025: Investcorp Capital PLC (the “Company” or “ICAP”), a company founded by Investcorp and listed on the Abu Dhabi Securities Exchange (ADX symbol: “ICAP”), is pleased to announce its financial results for the first quarter of fiscal year 2026, covering the quarter ended 30 September 2025 (“Q1 2026”). 

Q1 2026 highlights: 
Net profit is stable at $12 million, demonstrating earnings resilience amid higher interest costs along with disciplined cost control.
Total income up 20% year-on-year to $24 million vs. $20 million in Q1FY25, driven by a 71% increase in revenue from Capital Deployment to $12 million.
Total assets increased to $1.93 billion, up from $1.91 billion at year-end FY25, driven by selective new investments and value-appreciation in a diversified portfolio of holdings across private markets.
Capital Deployment profit increased to $10 million vs $6 million in Q1FY25, supported by stronger yields on global credit and asset gains.
AGM approval obtained for FY25 proposed ordinary share dividend of $56 million (2.57 cents per share), in line with ICAP's stated dividend policy, maintaining one of the strongest dividend profiles on the ADX.

Sana Khater, Chief Executive Officer of ICAP, commented: “We are pleased to report a solid start to FY26. With one of the strongest dividends profiles on the ADX, our portfolios across private equity, credit, and real assets, continued to perform well. The 20% year-on-year growth we’ve seen in total income in the first quarter and near-doubling of Capital Deployment profit reflect the strength of our business model. We continue to leverage a broad global pipeline to generate shareholder value.”

Rohit Nanda, Chief Financial Officer of ICAP, commented: "Our Q1 results reflect the disciplined execution of our strategy, with total assets reaching $1.93 billion and our Capital Deployment portfolio expanding to around 70% of total assets. AGM approved the FY25 dividend payment of approximately 2.57 cents per share, consistent with our focus on dependable cash returns supported by recurring earnings and prudent balance-sheet management." 

Operational & Financial Highlights
The Company continued to demonstrate stable profitability and earnings resilience in Q1 FY26, with operating expenses unchanged at $2 million. The 71% increase in Capital Deployment revenue to $12 million reflects the successful execution of the Company's strategy to grow its principal investment activities across diversified asset classes.

Capital Financing Services
Revenue from Capital Financing Services held steady at $11 million in Q1 FY26. 

Capital Deployment
The Capital Deployment business delivered strong performance in Q1 FY26, with profit increasing to $10 million compared to $6 million in Q1 FY25, driven by stronger yields on global credit and asset gains. The CD portfolio grew to $1.35 billion from $1.31 billion in Q1 FY26, now representing approximately 70% of total assets. Growth was seen across private equity ($634 million, up $4 million quarter-on-quarter), global credit ($221 million, up $23 million quarter-on-quarter), and real assets ($189 million, up $2 million quarter-on-quarter).

Outlook
ICAP believes that it is well-positioned to capture upside from a normalizing interest-rate environment and growing investor demand for private markets, with continued focus on identifying opportunities.

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