Ministry of Oil Expects to Achieve 5.5 Million KD in Net Profits in the First Half

The Independent Petroleum Group Company (IPG) announced that its financial management department has completed the preparation of preliminary results for the second quarter ended June 30, 2026. Net profit is expected to reach approximately 3.248 million Kuwaiti dinars, equivalent to about 17.97 fils per share, compared to a net profit of 2.849 million dinars for the three months ended June 30, 2025, equivalent to 15.76 fils per share.

Net profit for the six-month period ended June 30, 2026, is expected to reach approximately 5.513 million dinars, or about 30.50 fils per share, compared to a net profit of 4.909 million dinars for the six months ended June 30, 2025, equivalent to 27.15 fils per share.

The company will announce the final results for the second quarter of 2026 through the Kuwait Stock Exchange after they are audited by the external auditors within the next three weeks.