Investcorp Capital (“ICAP” or the “Company”), an Abu Dhabi Securities Exchange (ADX)-listed alternative investment company established by Investcorp, today announced its financial results for the fiscal year ended June 30, 2026 (“FY26”).

FY26 performance was underpinned by strong cash-generation from the core portfolio, with $1.3 billion of distributions from exits and syndication, against $1.1 billion deployed during the year. For FY26, ICAP reported gross operating income of $94 million (FY25: $124 million) and net profit of $44 million (FY25: $81 million). Performance was shaped by the timing of realizations across global private markets, geopolitical volatility and the associated impact on asset valuations and by higher financing costs following a precautionary drawdown under the Company’s revolving credit facility as a surplus liquidity buffer.

Underlying portfolio fundamentals remained strong. Cash yield on co-investments remained stable at 7%, while yield-generating assets increased to 58% of total assets, up from 53% a year earlier. Total assets stood at $1.87 billion at year-end (FY25: $1.91 billion).

The Board has recommended a final dividend of AED 0.092 per share ($0.025 per share), subject to shareholder approval at the Annual General Meeting on September 21, 2026. Together with the interim dividend paid in March 2026, this delivers ICAP’s FY26 dividend distribution target of 8% of opening NAV.

As announced on April 30, 2026, a new dividend policy takes effect from FY27, targeting distributions of 65-75% of annual net profit, payable semi-annually, to provide shareholders with an optimal balance of ongoing dividend yield together with long-term capital growth through re-investment of earnings.

The Board has approved a change to the Company's accounting reference date from 30 June to 31 December. Accordingly, the accounting period commencing on 1 July 2026 will be shortened and end on 31 December 2026, after which the Company will report on a calendar-year basis. The new dividend policy will apply to the Company's future reporting periods following this change.

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