Mubadala (MUBADALA) H1 2025 earnings summary

Executive summary

• Achieved total comprehensive income of AED 29,788 million for the six months ended 30 June 2025, up from AED 15,368 million year-over-year.

• Profit for the period was AED 27,820 million, a significant increase from AED 16,404 million in the prior year period.

• Major drivers included strong investment income, fair value gains, and a new business combination (Getir acquisition).

Financial highlights

• Revenue rose to AED 22,571 million from AED 18,758 million year-over-year.

• Net investment income surged to AED 28,863 million from AED 11,644 million, driven by fair value gains and fund distributions.

• Gross profit increased to AED 6,455 million (2024: AED 5,419 million).

• Cash and cash equivalents at period end were AED 37,400 million, up from AED 29,649 million at year-end 2024.

• Total assets reached AED 646,580 million, with total equity of AED 414,960 million.

Outlook and guidance

• Management expects continued portfolio growth, with a focus on national champions, global partnerships, and sustainable value creation.

• Significant commitments for equity and debt instruments (AED 171,962 million) and capital expenditure (AED 4,287 million) signal ongoing investment activity.

• Recent acquisition of CI Financial Corp. in August 2025 for USD 4.9 billion to further expand asset management capabilities.