Dubai: Sha'a Capital announced a net profit of 198 million dirhams during the first nine months of 2025, compared to a net loss of 138 million dirhams in the same period of the previous year, reflecting the group's continuous progress in implementing its strategic transformation plan. The increase in profits is attributed to a 35% rise in revenues, reaching 81.6 million dirhams compared to 60.4 million dirhams in the same period of 2024, driven by higher fleet utilization rates and improved performance in the ship leasing sector. Sha'a Capital's revenues reached 62 million dirhams during the first nine months of 2025, with the cost-to-income ratio improving to 92% compared to 103% in the same period last year. Dubai: Gulf Navigation Holding achieved a profit of 4.6 million dirhams by the end of the first nine months of 2025, compared to losses of 23.6 million dirhams during the same period of 2024. Total assets increased to 1.29 billion dirhams, a 75% increase compared to the end of 2024, resulting from the improvement in the capital structure related to the ongoing acquisition deal for 'Brouj Company Assets.' The company stated in a press release that this performance was supported by the successful implementation of capital restructuring measures, along with a focus on enhancing operational efficiency. During the third quarter of the year, revenues reached 13 million dirhams.
