KIPCO reports a net profit of KD 13.4 m for first 9 months

14/11/2025 03:58 AST

KIPCO - Kuwait Projects Company (Holding) - reported a net profit of KD 13.43 million for the first nine months of 2025, a 7.3 percent increase from the KD 12.52 million reported for the corresponding period in 2024.Earnings per share for the first nine months of 2025 was at 1.6fils.

KIPCO's operating profit for the first nine months of 2025 came to KD 123.28million, a 1.1 percent increase from the KD 121.91million reported for the same period in 2024. Operating revenue also increased 5.8 percent to reach KD 1.15 billion, up from KD 1.09billion reported for the same period last year. The results reflect the enhanced performance of KIPCO's operations in the foodstuff, oil field services and education sectors.

In the third quarter of 2025 (the three months ended September 30, 2025), KIPCO reported a net profit of KD 3.27million, an increase of 139.9 percent compared to KD 1.36million for the corresponding quarter in 2024. KIPCO's total revenue from operations for the three months came to KD 385.47million, an increase of 5.4 percent from the KD365.58million reported in the third quarter of 2024. Shareholders' equity went up 3.0 percent to KD 652.97million compared to KD 633.87million at the end of 2024. KIPCO's consolidated assets at the end of the first nine months of 2025stood at KD 13.52billion, up from the KD 12.97billion reported at the end of 2024.

Commenting on the results, Sheikha Dana Naser Sabah Al Ahmad Al Sabah, KIPCO's Group Chief Executive Officer, said: "KIPCO's performance in the first nine months of 2025 highlights the effectiveness of our strategic initiatives in delivering sustainable operational and financial growth across our core Group companies. Our businesses in the foodstuff, oil field services and education sectors have delivered strong operational results. These achievements reflect our dedication to fostering growth and generating long-term value for our stakeholders."

Kuwait Times