Financial Reports

Annual Performance Summary

FY2024–25 At a Glance

12 months · 4 branches · Jun 2024 – May 2025

8.35M

Total Revenue

AED

33.1%

Net Margin

avg 12 months

2.77M

Net Profit

AED

2.93M

EBITDA

AED

696K

Avg Monthly Rev

AED

4

Operating Branches

Dubai

Monthly Revenue — All Branches Combined (AED)

Monthly Net Profit (AED) · Net Margin (%)

Branch Revenue Breakdown

Revenue by Location

Month by month · AED

Business Bay

Flagship · Maison Privé

Annual revenue3,435,200

Peak month334,800

Low month239,200

% of total41.1%

Daily avg11,104

Jumeirah 1

Jumeirah · Dubai

Annual revenue1,840,300

Peak month172,800

Low month135,200

% of total22.0%

Daily avg5,944

Jumeirah 3

Jumeirah · Dubai

Annual revenue1,668,700

Peak month164,700

Low month106,600

% of total20.0%

Daily avg5,383

Village Mall

Jumeirah · Dubai

Annual revenue1,404,200

Peak month156,600

Low month72,800

% of total16.8%

Daily avg4,530

Month	Business Bay	Jumeirah 1	Jumeirah 3	Village Mall	Total Revenue	Growth MoM

Branch Revenue Contribution — Stacked (AED)

Business Bay

Jumeirah 1

Jumeirah 3

Village Mall

Profit & Loss Statement

Monthly P&L

All figures AED · Unaudited management accounts

Line Item	Jun 24	Jul 24	Aug 24	Sep 24	Oct 24	Nov 24	Dec 24	Jan 25	Feb 25	Mar 25	Apr 25	May 25	FY Total

Operating Cost Analysis

Where Every Dirham Goes

Annual totals · % of revenue

Operating Cost Mix — Annual

Cost as % of Revenue — Annual Avg

Annual Cost Summary

Performance Metrics

Margin & Efficiency

Metric	Jun 24	Jul 24	Aug 24	Sep 24	Oct 24	Nov 24	Dec 24	Jan 25	Feb 25	Mar 25	Apr 25	May 25	FY Avg

Best Month

May 2025

AED 820,800 rev

40.6% margin

Weakest Month

Jun 2024

AED 553,800 rev

19.6% margin

Revenue Growth

+48.2%

Jun 24 vs May 25

12-month growth

H2 vs H1 Revenue

+32.4%

H2 AED 4.49M

vs H1 AED 3.39M

Annual Consolidated Statement

Full Year P&L

FY2024–25 · AED · All four branches

Line Item	AED	% Rev	Notes
REVENUE	8,348,400	100.0%	4 branches, 312 operating days
OPERATING COSTS
Staff & Wages	2,721,500	32.6%	40 staff, avg AED 5,670/month
Rent & Service Charges	1,320,000	15.8%	BB 38K, J1 26K, J3 24K, VM 22K/mo
Products & Consumables	682,668	8.2%	Professional haircare, nail & beauty products
Utilities (DEWA & Cooling)	292,194	3.5%	Electricity, water, district cooling
Marketing & Social Media	246,000	2.9%	Instagram, Google Ads, influencer partnerships
Admin & Professional Fees	152,300	1.8%	Accounting, insurance, trade licences
Depreciation	166,968	2.0%	Fit-out & equipment amortised over 5 years
Total Operating Costs	5,581,630	66.9%

EBITDA	2,933,738	35.1%	Before depreciation
NET PROFIT	2,766,770	33.1%	Pre-investor distributions

Monthly avg net profit	230,564
H1 net profit (Jun–Nov 24)	895,117
H2 net profit (Dec 24–May 25)	1,871,651

Verification & Audit

How to Verify These Numbers

📋

Management Accounts

These figures are prepared from internal management accounts maintained monthly. Full audited financial statements for Globex Horizon Investment L.L.C are available under NDA to serious investors post-meeting. Request via invest@elarisalon.com.

🏛️

UAE Trade Licence Verification

Globex Horizon Investment L.L.C is a UAE-licensed commercial entity. The trade licence is verifiable on the Dubai DED portal at ded.ae/businessSearch. The contracting entity for all investor agreements is this licensed company.

👁️

Visit the Business — In Person

The most direct verification: visit the Elaris Business Bay salon, Maison Privé Shop 3 & 4, any day 10am–10pm. See the revenue-generating operation for yourself. WhatsApp +971 56 921 18 15 to let them know you are coming.

⭐

Third-Party Client Reviews

Elaris holds a 4.8-star Google rating across 500+ verified client reviews — entirely independent of Globex Horizon. Search “Elaris Beauty Salon Dubai” on Google Maps to read unfiltered client feedback spanning 24+ months of operation.

Important Disclosures

These management accounts have not been independently audited. Figures are prepared by Globex Horizon management using standard UAE accounting principles. The Village Mall branch opened March 2024 and results for June–August 2024 reflect a partial ramp-up period. All projections referenced elsewhere on this website are forward-looking and are not guaranteed. Past operating performance does not guarantee future results. This document does not constitute a regulated financial product offer or investment advice under UAE law.

Capital Raise & Return Model

The AED 20M Raise — Where It Goes & How You Get Paid

Transparent deployment model · All figures AED

20M

Target Raise

AED · Retail private

15

New Branches

Funded by raise

1.1M

Cost Per Branch

AED fully loaded

2.18M

Reserve Fund

AED safety buffer

7.2x

Coverage at Maturity

Post-expansion

Fund Allocation — Every Dirham Accounted For

Allocation	Amount (AED)	% of Raise	Purpose
Branch Fit-Out & Interior (15 branches)	7,800,000	39.0%	AED 520K per branch — luxury spec, 1,500–2,000 sqft
Equipment & Styling Chairs	2,175,000	10.9%	15 stations, wash units, dryers — AED 145K per branch
Lease Deposits (3 months each)	2,475,000	12.4%	AED 165K per branch — returnable at lease end
Working Capital (6 months each)	1,830,000	9.2%	AED 122K — covers pre-breakeven operating costs
Technology & POS Systems	630,000	3.2%	Booking, CRM, payments, CCTV — AED 42K per branch
Staff Recruitment & Training	1,020,000	5.1%	AED 68K — recruitment, onboarding, proprietary training
Initial Product Stock	570,000	2.9%	AED 38K — 3-month opening stock per branch
15-Branch Capital Total	16,500,000	82.5%
Contingency Reserve (8%)	1,320,000	6.6%	Cost overrun protection — released only if needed
Investor Obligation Reserve Fund	2,180,000	10.9%	Covers 13+ months of full monthly obligations
TOTAL RAISE	20,000,000	100.0%	Every dirham allocated · Zero unaccounted balance

Fund Allocation — Visual Breakdown

Phased Capital Deployment Timeline

Phase	Timing	Branches	Capital Deployed	Cumulative Deployed	Target Locations
Current (Pre-Raise)	Active	4	—	—	Business Bay, J1, J3, Village Mall
Phase 1	Late 2026	+3 → 7 total	3,300,000	3,300,000	Dubai Marina, JBR Beachwalk, DIFC
Phase 2	2027 Q1–Q2	+4 → 11 total	4,400,000	7,700,000	Downtown, Palm Jumeirah, Mirdif, Al Barsha
Phase 3	2027 Q3–Q4	+4 → 15 total	4,400,000	12,100,000	Abu Dhabi: Corniche, Al Reem, Yas, Khalifa City
Phase 4	2028–2029	+4 → 19 total	4,400,000	16,500,000	Sharjah, Dubai Hills, Dubai South, Creek Harbour
Contingency	As required	—	1,320,000	17,820,000	Cost overrun protection — held in reserve
Reserve Fund	Held throughout	—	2,180,000	20,000,000	Investor obligation safety buffer

How Investor Returns Are Funded — The Cash Flow Waterfall

Monthly Cash Flow Priority Order

1

Salon Operating Costs

Staff wages, rent, consumables, utilities — paid first from daily revenue. AED ~469K per month on current 4-branch model.

2

Investor Monthly Distributions

Paid second — before any founder drawings. Contract-mandated priority. At full deployment: AED ~160,000/month for monthly-withdrawal investors.

3

Reserve Fund Top-Up

If any month falls short, the AED 2.18M reserve fund makes up the difference. Reserve is replenished from subsequent profitable months.

4

Founder & Management Drawings

Only after investor distributions are settled. This is contractual, not discretionary.

Coverage Ratio — Progressive Deployment

Reserve Fund Coverage

13.6 months

The AED 2,180,000 reserve fund covers 13.6 months of full investor obligations at maximum deployment — providing a substantial safety margin during any operational disruption.

Coverage Analysis — Business Profit vs Investor Obligation by Year

Period	Branches	Monthly Net Profit	Monthly Obligation	Coverage Ratio	Status
Today (pre-raise)	4	230,564	0	∞	Operating profitably
Raise Month 1–3 (AED 3M deployed)	4	230,564	24,000	9.6x	Very strong
Raise Month 4–6 (AED 8M deployed)	4–5	~280,000	64,000	4.4x	Strong
Raise Month 7–9 (AED 14M deployed)	5–7	~360,000	112,000	3.2x	Strong
Raise Month 10–12 (AED 18M)	7–9	~430,000	144,000	3.0x	Strong
Year 1 end — Full deployment	7	~586,000	160,000	3.7x	Comfortable
Year 2 — Phase 2 mature	11	~887,000	160,000	5.5x	Excellent
Year 3+ — Full portfolio	19	1,155,960	160,000	7.2x	Outstanding

Lock-In Maturity Payments — How Lump Sums Are Funded

Lock-in investors receive no monthly payments — their appreciation accumulates and is paid as a single lump sum at maturity. This is important to understand because it means the business is not under monthly pressure from the 60% of investors who choose lock-in.

The maturity payment is funded from three sources working together: accumulated operating profit from the growing salon network, the appreciation that has compounded in the business over the investor term, and the natural staggering of maturity dates across different investors joining at different times.

By Year 3, the 19-branch network generates AED 1.25M in monthly net profit. A 12-month investor at AED 1M (lock-in at 21.6%) receives AED 216,000 at maturity — that is 17% of one month’s profit. The business comfortably funds this from normal operations.

Investment	Term	Maturity Payout	As % of Yr3 Monthly Net
AED 100,000 lock-in	12M	121,600	10.5%
AED 300,000 lock-in	12M	364,800	31.6%
AED 500,000 lock-in	36M	1,070,000	92.6%
AED 1,000,000 lock-in	36M	2,140,000	185%

Note: maturity payments are funded from accumulated operating profit over the investment term, not from a single month’s earnings. A 36-month AED 1M investment builds its payout from 36 months of business operations generating a cumulative AED 30M+ in net profit.

Why Retail Investors — Not Banks or Institutions

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Bank Debt

Not available at this stage

Requires 3+ years audited history per location — our newest branches are under 24 months old

Personal guarantees required on all assets

Process takes 12–18 months minimum

Rate: 9–11% but effectively unavailable

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Institutional Equity

Possible but expensive in a different way

PE funds require 30–50% equity — permanently diluting founder ownership

Board control seats required — changes business direction

Forced exit in 5–7 years — business sold regardless of performance

True cost: 3–5x return to PE = 60–100% effective rate

★

Retail Private Investment

Our chosen structure

Zero equity dilution — 100% founder ownership retained

Fixed terms — investors exit cleanly at maturity

Deployable in 30–60 days vs 12–18 months for bank

Rate (21.6–46.8%) is justified vs alternatives actually available

Why These Return Rates Are Sustainable — The Honest Explanation

Investors sometimes ask: if the business generates 33% net margin, how can it afford to pay investors 21–46%? The answer is that the returns are funded from the incremental profit generated by the new branches that investor capital opens — not from the existing four branches alone.

Each new branch, once mature, generates AED 6,500 per day in revenue and approximately AED 60,000–75,000 per month in net profit. AED 1.1M invested to open one branch generates AED 60,000–75,000/month, or AED 720,000–900,000 per year in net profit. That is a 65–82% annual return on the branch-level investment — well above the 21–46% returned to investors.

65–82%

Branch-level ROI

AED 1.1M opens a branch earning AED 720K–900K/year

21–46.8%

Investor return rate

Paid to investors from operating profit

18–36%

Retained by business

For operations, growth, and founder drawings

Financial Report

FY2024–25 At a Glance

Revenue by Location

Monthly P&L

Where Every Dirham Goes

Margin & Efficiency

Full Year P&L

How to Verify These Numbers

The AED 20M Raise — Where It Goes & How You Get Paid

These Are Real Numbers.Come and See.

These Are Real Numbers.
Come and See.