Earnings Report

BHM Capital Financial Services

H1 26

1. Company Overview & Earnings Context

BHM Capital Financial Services PSC is an ADX-listed financial services firm offering brokerage, margin trading, investment management and advisory services across the UAE. During H1 2026, the company delivered another profitable period, driven by strong growth in margin trading income and higher commission income, while also strengthening its capital base through a 15% bonus share issue.

2. Financial Performance Snapshot

Total Income: AED 118.99 Million (+24.9% YoY)
Margin Trading Income: AED 64.14 Million (+42.7% YoY)
Commission & Advisory Income: AED 34.99 Million (+15.8% YoY)
Profit Before Tax: AED 27.64 Million (+13.5% YoY)
Net Profit: AED 25.20 Million (+13.8% YoY)
Earnings Per Share (EPS): AED 0.060 (restated due to 15% bonus share issue)

Compared with H1 2025:

Total income increased 24.9%.
Margin trading income increased 42.7%.
Commission & advisory income increased 15.8%.
Profit before tax increased 13.5%.
Net profit increased 13.8%.

3. Operational Highlights & Key Metrics

Total Assets: AED 2.16 Billion
Total Equity: AED 514.43 Million
Financial Assets (FVTPL): AED 520.98 Million
Trade & Other Receivables: AED 1.27 Billion
Cash & Bank Balances: AED 248.23 Million
Operating Cash Flow: AED 16.55 Million
Share Capital: AED 460 Million (following a 15% bonus issue)

4. Key Performance Drivers

BHM Capital's performance was primarily supported by a sharp increase in margin trading income, continued growth in brokerage and advisory commissions, and stable investment-related income. The company also expanded its paid-up capital through a 15% bonus share issue, while maintaining a sizeable portfolio of trading investments worth over AED 520 million and generating positive operating cash flows.

5. Outlook & Forward Guidance

BHM Capital continues to focus on expanding its brokerage, margin financing and investment services while maintaining prudent risk management. The strengthened capital base, solid liquidity position and growing recurring income streams position the company to support future business expansion and capitalize on higher market activity in the UAE capital markets.

6. Investor Takeaway

BHM Capital delivered a solid H1 2026 performance, reporting double-digit growth in revenue and profitability, led by exceptionally strong margin trading income. Combined with a stronger capital base, healthy balance sheet and positive operating cash flow, the results reflect the company's continued ability to benefit from active UAE equity markets.