12/11/2026 06:22 AST
KIPCO - Kuwait Projects Company (Holding) - announced total revenue from operations of KD 1.2 billion for the nine months ended September 30, 2026. This represents a 2 percent increase compared to the corresponding period of 2025.
The Group's financial position also expanded over the period, with total assets reaching KD 14.3 billion, compared to KD 13.8 billion at year-end 2025, and shareholders' equity rising to KD 652 million, from KD 645 million at year-end 2025. Net profit for the nine-month period stood at KD 8.3 million, compared to KD 13.4 million reported for the corresponding period of 2025. Earnings per share for the period stood at 0.5 fils. Profitability continued to reflect the impact of challenging macroeconomic and geopolitical conditions across the region, which placed pressure on the performance of key sectors, particularly banking, energy, industrial, logistics and real estate, while contributions from other portfolio companies helped mitigate the impact.
For the third quarter of 2026 (the three months ended September 30, 2026), KIPCO recorded a net profit of KD 3.0 million, compared to KD 3.3 million in the same period last year. Operating profit for the quarter stood at KD 26.9 million, compared to KD 34.5 million reported for the corresponding period of 2025.
Commenting on the results, Sheikha Dana Naser Sabah Al-Ahmad Al-Sabah, KIPCO's Group Chief Executive Officer, said: "Despite a challenging environment, we grew revenue from operations and expanded our total assets over the first nine months of the year. This growth reflects the steps we have has taken over the past few years to strengthen our financial position, streamline our portfolio and sharpen operational efficiency."
She added: "Regional conditions weighed on earnings at some of our businesses this year. The value of a diversified portfolio is well reflected, as stable earnings from some of our businesses mitigated the decline in earnings from others. Our focus now is on converting this revenue momentum into stronger profitability in the coming periods, while maintaining the financial discipline that underpins long-term value for our shareholders."
Despite a challenging environment, KIPCO registered growth in revenue and total assets: Group CEO
Kuwait Times
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