Al Ramz Corporation Investment and Development

1. Company Overview & Earnings Context

Al Ramz Corporation Investment and Development P.J.S.C. is a Dubai Financial Market (DFM)-listed financial services company providing brokerage, margin lending, asset management, corporate finance, market making, liquidity providing and investment services across the UAE. During H1 2026, the Group delivered another strong financial performance, driven by higher brokerage commissions, growth in margin financing income, stronger corporate finance activity and improved investment gains, resulting in robust growth in profitability despite higher operating expenses.

2. Financial Performance Snapshot

• Net Commission Income: AED 30.9 Million (+35.0% YoY)

• Net Finance Income: AED 37.8 Million (+47.7% YoY)

• Corporate Finance, Advisory & Other Income: AED 30.5 Million (+103.0% YoY)

• Investment Gain: AED 6.7 Million (+110.9% YoY)

• Total Net Income: AED 105.9 Million (+58.8% YoY)

• Profit Before Tax: AED 39.0 Million (+86.6% YoY)

• Income Tax Expense: AED 3.2 Million

• Net Profit: AED 35.8 Million (+90.2% YoY)

• Earnings Per Share (EPS): AED 0.065 (vs. AED 0.034 YoY)

Compared with H1 2025:

• Net commission income increased 35.0% to AED 30.9 million.

• Net finance income increased 47.7% to AED 37.8 million.

• Corporate finance, advisory and other income more than doubled to AED 30.5 million.

• Total net income increased 58.8% to AED 105.9 million.

• Profit before tax increased 86.6% to AED 39.0 million.

• Net profit increased 90.2% to AED 35.8 million.

• Earnings per share increased from AED 0.034 to AED 0.065.

3. Operational Highlights & Key Metrics

• Total Assets: AED 1.85 Billion

• Total Equity: AED 580.5 Million

• Cash & Bank Balances: AED 831.1 Million

• Margin & Trade Receivables: AED 852.4 Million

• Short-Term Borrowings: AED 714.2 Million

• Investments at Fair Value Through Profit or Loss: AED 14.2 Million

• Assets Under Management (AUM): AED 1.46 Billion

• Cash Dividend Paid: AED 38.5 Million (AED 0.07 per share)

4. Key Performance Drivers

Al Ramz's H1 2026 performance was driven by strong growth across its core financial services businesses. Higher brokerage commissions, increased margin financing activity and a significant rise in corporate finance and advisory income were the primary contributors to revenue growth. Investment gains also more than doubled during the period, while continued expansion in margin receivables reflected stronger client financing activity. Although operating expenses increased as the business expanded, the strong growth in operating income enabled the Group to deliver substantially higher profitability.

5. Outlook & Forward Guidance

Management remains focused on expanding its brokerage, asset management, market making and corporate finance businesses while continuing to strengthen its margin lending platform and investment capabilities. Despite ongoing geopolitical developments in the region, the Group stated that no operational disruptions had been identified as of the reporting date and management continues to closely monitor the situation while maintaining its focus on sustainable long-term growth.

6. Investor Takeaway

Al Ramz delivered an impressive H1 2026 performance, with strong double-digit growth across nearly all key earnings metrics. Supported by higher brokerage activity, expanding margin finance income, robust corporate finance revenues and a solid balance sheet, the Group continues to demonstrate the benefits of its diversified financial services platform and remains well positioned for continued growth.